Hi all,I've been advised to add a clause in my lease stipulating that tenants pay for a portion of repairs. The idea being that such a clause will prevent them from calling in repair people without thought. Historical...
If I'm understanding things correctly, turnkey properties already have a tenant and property manager in place. Does that make them appropriate for a new investor (because a lot of the "hard work" has already been done)?
Someone called off my letter that I sent 4 years ago.
Long story short, 3-4 yrs ago, three heirs inherited a house and later sold it to a son of the 3rd heir. First two heirs jointly financed 2/3 of the loan (one not...
Experienced fix n flippers, do you consider rehab properties w/large amounts of mold or just stay away? If you consider them, how have you handled the issue?
Hi Experts:I came cross a recorded "Memorandum of Contractor for Sale of Real Property". But the title never transferred. Did this mean the buyer just assume the loan and took over the mortgage?Also what is the "Cor...
Good afternoon from Germany! As a quick introduction, I’m an active-duty Air Force member stationed at Rammstein Air Base. My retirement is knocking on the door, four years away from 20! I’m ready to take my next step...
Hi all,I'm a fairly inexperienced investor (have owned one property) who now lives in Southern CA where cap rates are very low. Given that there isn't all that much attractive in my immediate area (cap rates are very ...
Excited to have found this website and forum! I think I may have stumbled into real estate investing without realizing it haha. My wife and I bought a beach home in SC, 2 years ago during covid. We decided to rent ...
One of my preferred phrases is "Let Painters, paint." Guided by this principle, I delegate most tasks to skilled professionals to ensure efficiency. I currently outsource to a full service property manager who excels ...
Hi all,
My wife & I sold our duplex in 2020 and used ~ $60k of that as a down payment on a town home for our growing family (purchased for $345k, 30yr @ 3.5% in 2022). With 2 kids and a third in the near future,...