Michael Cioffi
Deal Analysis....What would you do?
First timer here looking to get first multi family this is a quadplex. What am I missing here? See numbers below.
Timothy Winfield
Do I have to honor and old landlords lease
Hello BP,
I'm buying a duplex and it is already leased out. The current rent rates are severely under fair market value. The surrounding rents of at least two other duplexs within a blocks radius are renting for...
Christopher Camerano
Opening bid vs REO asking price
Hi All, I'm considering purchasing an REO for a primary residence. I've looked at the sale history, and this particular property had an opening bid of 175k, didn't sell, and is being marketed at 345k. I have a few...
Cody Barrett
Updating takes time
Hello everyone!Not a question but just a general post.. I am doing some minor renovations to my 1st property and what a learning curve. I really haven't done much but the time it takes to simply paint cabinets alone ...
Trisha S.
Fox 21 News, "Superior Aims to Rid 'Slumlords' Through Public Survey"
Wow, as investors in this town with population 28,000, this shocked me. The people we have filing though to look at our properties are always commenting on how clean, etc. We own 9 properties and they have all been co...
Ann Madara
Ownership, LLC, Land Trust, Tax and Insurance...all rolled into 1
My husband and I own a home that is our residence. We owe less than 30k on our mortgage, we've owned it for 15 years, it is in both our names and has value. 10 years ago his mother deeded her house to only him, indivi...
Michael Strobel
Security deposits - Can you have a security dep incentive?
Hey BP,So I was thinking lately about ways to lower costs when dealing with tenant turnover. When a tenant decides to move out, I was wondering if anyone has thought about rewarding tenants when they move out if the u...
Frank Closer
How to increase rent 300% in 90 days?
I know the subject title is bananas but hear me out. I'm looking to purchase a single family rental from my great aunt, it's located in a piping hot Downtown Charlotte NC neighborhood. Do to her age and desiring to be...
Oswaldo Arriasola
Plan after the military investing in a 4 plex analysis
4 plex analysis Property is located in Edinburg, Texas- Income generated per month from my job will be $6100I am looking into one property at the moment for when I get out of the military next year and become a state ...
Michael Elder
Refinance advice on FHA loan
I purchased a home in the space coast area of Florida last Feb with an FHA loan at 2.75% interest rate. The value in that time has risen from 200k up to about 270k-300k. We are now trying to refinance out of the FHA l...