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Is the 2% rule a far cry in Lubbock? I've been running the numbers on multiple locations and i have yet to find a property that can produce and fall within the 2% rule. Is there anyone who is achieving these kinda o...
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Hi everyone,I am considering to get an investment property with disabled tenant. He was the owner but the house got foreclosed, so now he is staying there as a tenant with 2 year lease. He pays a way less than current...
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All,I have recently started working for a local student housing investor who owns around 200 units spread over 7 or 8 properties. He has no property management software, and uses assistants, excel sheets, his personal...
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So I get a call from the seller and go to the property and contract it. I get word back from the title company that someone had filed an affidavit of contract about a year ago. I discuss this with the seller and he sa...
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Hey BP,I have two questions regarding a deal that I am looking into. 1). The owner who is looking to sell is using the property as a rental and he is sick of being a land lord. If the tenants are still in their lease ...
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Hello BP Community, I have a question regarding one of my tenants:
To give you some quick background info:
- I inherited this tenant in my tri-plex that I bought about 6 months ago.
- This tenant has kept the un...
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I have a tenant that is on a month to month lease. They are refusing to pay their sewage bill. These tenants owe about $900 for running into the garage door, among other smaller damages, which is more than the deposit...
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Hi All. Has anyone purchased real estate from a non profit organization?
How difficult was it? Did the house have to be appraised? I'm assuming the board had to agree to the sale?
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BP Pros, Is it just me or is it actually hard to find realistic +ve cash flow properties generating decent cash on cash returns around the KW-Cambridge area? We never have and don't plan to own our own roof to live un...
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I have an Investment Property that I previously did a 1031 exchange on with sizeable gains. My income recapture (first to pay back), is approximately $45,000. I have a potential buyer (friend), that will work with m...