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Can you ever be too aggressive? I know for most on here, 4 properties in 12 months is a drop in the bucket, or all in a days work, but for me this was aggressive. I have just closed on my 4th property, a single family...
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I know how partnering on flips works, but I’m a confused on how having a parter on a rental works to everyone’s advantage. Is waiting longer to recoup funds in an investors best interest?Here’s an example:Property cos...
Hi,In October I sent out a letter to an owner of the MHP asking if he would be interested to sell his park. In November I received a reply that yes he is interested to sell, so after few back and forth, I sent out sig...
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Fellow landlords and PM, how should I respond to this text message from my tenant? My tenant texted me this morning regarding renewing his lease which ends on October. He wants to revert back to $850/month (which is w...
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So, do I have a right to be angry with my agent. I have worked many angles over the years in real estate. Right now I am in a fix and flip mode and have been looking for a certain type of deal which is relatively hard...
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I bought a duplex that I merged into a SF in the seattle area. As a result one of the room lost a lot of light and I would like to add a window in one of the walls. The issue is that permitting takes a lot of time and...
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I would love to get some feedback on a deal I am trying to put together. The deal is for 6 units with a purchase price of $700,000 - rent totals $6095. The NOI is $4735/month and $56745/year. The cap rate is about ...
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If you are not aware, Massachusetts has both a House of Representatives and Senate bill that if passed will likely be devastating to small landlords. The House of Representative Bill is HD.5166 and the Senate Bill is...
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background:
About 2 years ago a commercial broker whom I know through friends showed us a building he had as a listing. We liked the property and entered negotiations with the seller. As it turned out, when w...
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I am in contract on a multifamily property that was marketed and priced as a property without deferred maintenance. The inspection discovered some significant deferred maintenance items and some safety issues. While ...