Ben Stout
HUD Home/Plumbing doesn't hold pressure
Hello everyone,
I hope I'm posting this in the right forum. I have found a HUD home I'd like to purchase as a rental. It's a great price, great neighborhood, solid numbers (50/2) etc. Here's the problem:
The HUD di...
April Eilers
How to Secure Loan for 5-Plex
Based on my research, and what I've heard from numerous lenders, a 5 unit home is classified as a commercial property, and can only qualify for commercial loans. Is this understanding correct?
So far, the only bank/l...
Jaden Ghylin
Odor from bathroom when windows open
I own a property with a weird problem. There is no odor present in the house if the windows are closed. However, if the windows in the master bathroom are opened and there is a slight breeze, there will sometimes be...
Jeremy Z.
Mechanics of Raising the Rent
Hi,
My rental property is in New Jersey if that matters.
I have had a tenant in a rented condo for several years and haven't raised the rent throughout. Obviously I am now way below market and would like to start co...
Tyler Dunlap
PM sending repairs off to his own company for enormous markups!
Hi all, I am furious. After some investigative work, I confirmed my suspicions. My property manager has been severely overcharging me for repairs for months. Like ridiculous markups. As it turns out, this guy OWNS...
James Kandasamy
Home warranty..is it useful to minimize maintenance cost for landlord
Hi,I would like to know whether anybody has used Home warranty as means to reduce any major maintenance cost. I am wondering whether its another "insurance" where, they are nice when e buy it but when the real repairs...
Mike Jordan
High net yield over 8%
hiI am looking to buy a property with high net yield/cap/ROI, my budget is around200 k USD.i am afraid is fraud, I need professional help to verify the property before the contract, I am looking forward in Liverpool a...
Peter Fro
Appropriate sales commission on $3 million multi family block ?
What commission is typical / appropriate on a multi family block with a sale price of $ 3 million? This is in respect of an unsolicited bid received by the broker from a single party. There is no extensive marketin...
Jeffrey Radcliffe
Real Estate Appraisers/Appraisals forum
Is there a Real Estate Appraisers/Appraisals forum similar to The Real Estate Agents, etc.? I could not find one (may have overlooked it) and surely thought there would be one. Thank you
Austin Woyshnar
FHA Loan for a duplex
Hey everyone,Does anyone have experience using an FHA loan on a duplex? I am in the process of obtaining my first house and I ran into a problem. The house is in pretty good condition and I think I would be approved f...