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We own seven multifamilies, with about 18 units, in a town where the cost of rebuilding is double what the properties are currently worth (even though they're all mostly renovated, in good shape, and bringing in an ex...
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Hello, I have a a tenant that has been getting worse and worse about paying the rent. They have paid mid moth the last 2-3 months. I texted him yesterday and he did not respond. I checked my rental account today and i...
is it the same thing as a SFR? i read that you cant really do lease options with multi families, is that true?any tricks to getting multi-families when they have little equity?
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I recently had a tenant break their lease and move. How my lease reads is breaking the lease will result in loss of deposit. I told him if he kept the property clean and I was able to rent it before he moved he could...
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We have a wholesale deal we are working on closing, but the end-buyer doesn't have all the cash right now. Since this is a smaller property we have the finances to just buy it ourselves, and the end-buyer suggested us...
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Hello Philly investors,
I am ready to purchase my first property for a flip but I’m still deciding on a farm area. I’m looking to stay close to home so I was considering Mt Airy, West Oak Lane, or some where around th...
Just to prove that there is no "normal" day at the office when you deal with tenants, I had an interesting case today.So a high profile crime ocurred some months back in the neighborhood of one of my rentals. Its been...
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I have an A class SFH with a new tenant (3 months). The home was built in 2000 and has mostly hardwood floors and tile with the exception of the bedrooms and living room where I put in brand new carpet before the tena...
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Hi everyone - thanks for taking the time to read my post.
I am interested in your thoughts about multifamily investment properties. I believe that cap rates are important and cash flow is king.
My thought is that c...
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Newbie here. When looking at investment properties and there is all ready a tenant in the property, what should I check for as far as the tenant goes? Rental history..maybe past rental receipts. Also, if there is a te...