I have a townhome which I have had a tenant in for about 6 years. She is a retired lady on a fixed income and when she got into the house the rent was $1400. The rents in the area have climbed pretty rapidly over th...
Been thinking about this scenario for more than a year but after listening to podcast #679 my 2/1 duplex is smack in the middle between 2 major hospitals and would be a perfect candidate for a MTR. Tenant's month-to-...
Just wanted to get a sense of what people are seeing in Sacramento and the immediate surround areas. What does everyone think will happen over the next 6-12 months? I am anticipating a softening market but I’d like to...
There is a property in my Village I am interested in that has a 3000 square ft Victorian and 2 small out buildings. Bouts of the out buildings have electricity and one has a radiant heat floor. While I haven’t toured ...
Who on here has extensive experience and knowledge managing a bigger Multifamily property?I am managing an 80 unit complex in Utah that is a section 42 Low-Income Property. The owners enforced a blanket increase to th...
Hello, I'm looking into closing on a fourplex (8bd 4 bath) down in the Mid-south region . I am using an FHA loan and bringing about 6500 (+ 2900 that is in escrow) to closing, I've got about 20k in Seller Concessions,...
I am preparing a rent increase letter, and figured that I will increase by 3% (currently $1500/mo).
I know large complexes (especially those run by REITs) usually increase by a round number of $100 on a $1500-1600/mo ...
Please see my deal below. Duplex side by side - 2 bed 1 bathLocation: Lincolnton, NC. 40 minutes from Charlotte, NCFirst property purchase. Would live in one side and rent the other. Current rents are $650 & $515 ...
So I just bought a duplex, living on one side, and inherited a lease on the other. Our tenant approached us asking if she could add her boyfriend and his family to the lease. All I have told them is that we will ...
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $147,000
Cash invested: $3,000
upper/lower duplex with a seperate single family home on the back of the prop...