Charmaine M.
Closed 1st deal!!....here are the numbers.
Hey all, after months of stress and agitation finally closed on my first investment.Here are the numbers...what do you guys think?Single Family 2/1Asking- $290KPurchase -$250KAppraisal -$275KDP- 20% ....didn't want to...
Leonard Rybak
Moral Dilemma Regarding tenant
Hi all, I have owned my first and only rental property (Single family) for about 3 months now. My tenant moved in 2 weeks after I closed, a couple and 1 teenaged child. It has not been as smooth as I had liked. My ...
Brent Seehusen
Purchasing Property with Driveway Encroaching on Neighbor's Land
I have a duplex under contract that is scheduled to close in 5 days. Everything was going along smoothly until this morning when I received the sellers' disclosures which noted that the land owner next door believes ...
Greg Snell
Turn Key Nightmare in Evansville
Hi all, I purchased a turnkey property in Evansville Indiana at the end of last year. It took a few months to find a renter and said renter has every month not paid on time and finds excuses, every month is late. Now ...
AP Horvath
Valuation on CRE as cash business without tax returns?
When you are looking at a Mom & Pop deal like self-storage or self-service carwash -- and the seller absolutely refuses to provide financial statements or tax returns -- because they have been running this as a ca...
Dan Dahlke
What to look for in a PM
Leaving for a deployment in July and looking to hire a property manager. What should I be looking for when searching for one? Typical fee seems about 8%, but what should I expect that 8% to cover on their end? This i...
Robert Hasegawa
Property Management Recommendations
Hi All, My business partner and I are looking for a new Property Management Company in the Philadelphia area. We have a small business/personal friend who was helping manage our properties but his main hustle is stre...
Justin Thind
Need to switch Property Managers…
My SFM closed on June 23rd. It’s now August 23rd, and ZERO work has started. I put 8 of those 60 days on inactivity on me because I’ve been sitting here weighing my options, but 52 days of no working being done on the...
Ryan Hall
Owner Financed Apartment Quesions (88 units)
48 Units44 - 2/14 - 1/1ASKING: $2.7M Gross: $365,000Net (depreciation added back) $234,000New shingles, new rain gutters, great location next to park, not far from down town, preferable area of town. No current vacanc...
Jonathan Bock
Do investors know what their tax rate is?
Tax and finance practitioners what % of your clients have any idea ? I find myself surprised at times