Errol Robateau
Good potential deal?
Hi all,
I just wanted someone else's opinion on the deal I am thinking of.
I found a rental income property that is selling for $100k. Current renatl income is $700 per month. I got an appraisal done and it is value...
Troy P.
Tenant Installed a Window Unit A/C
I just wanted others' opinions on this matter. I have a tenant who installed a window unit in the master bedroom. It's clearly not allowed per the lease but I'm not sure if it's worth approaching them over and poten...
Jason Ligon
How should I structure my HUD bid for best chance of winning?
My wife and I are about to put a bid in on a HUD home. This will be a bid during the initial owner occupant 10 day period. We love the home and it's in a great area. HUD's as-is and list price is $114K for the prop...
Pranav Chunduru
What is the value of buying older houses to House Hack?
I heard that it is better "dollar-for-dollar" value to buy older houses when looking to House Hack. I don't get this. The phrase "dollar for dollar" is a little confusing, and I don't know why one would prefer an olde...
Dave Hart
Guidance on rent increases
I have 3 rental properties in Chicago. I find that I’m only increasing rents when I have a turn (every 2-3 years). I’m debating if I should implement rent increases for current tenants during lease renewal, even if it...
Mark Forest
Must I have a chimney?
I have a house where the chimney is falling apart and the estimates to take it down and rebuild are over $2K. I just have a furnace and hot water heater exhausting through it. The gas is off. Is there a reason I mu...
Mark Baker
Unsure on exactly how to get started
Hello all,Probably going to be a long winded post but bear with me. A little over a year ago I got fed up with my finances. My wife and I made decent money (about 70k take home) in a lpw cost of living area but were c...
Account Closed
Will HOAs disclose how many rentals there are in community?
I need to know what percentage or how many single family homes in a certain gated community are RENTERS vs home OWNERS. I want to possibly buy a SFH in this gated community. My realtor told me HOAs are more than likel...
Summer Chen
MTR starter seeking advice
Hi All,
I'm freshly starting my MTR and will mainly focus on leads from FF. I have quite some questions that need your help:
For tenant screening, I plan to do the routine background (eviction, criminal) screening...
Kirk R.
inspections. once a tenant moves in how often?
any info on inspecting a property once tenant moves in. how often do you inspect? what kind of notice. what do u do when place isnt being kept way u want it? insight appreciated.