I just closed on my first rental property which is a triplex in the Greater Philadelphia area. All three units are occupied with only two units paying rent. The third tenant who is not paying rent also happens to be i...
I just looked at a property at 14308 Lakeshore Dr in Cleveland. It's a 17 unit brick building for 255k, with a cap rate of 24%. It looks nice from the few pictures.
In the Phoenix area that would cost over a million...
Hi.I have multi family properties in the NEWARK NJ area, and am constantly looking and buying more and more stuff.I buy properties not in the greatest areas, obviously because it generates a better return.BUT.... I...
We inherited a tenant who was one month behind (September), we gave 60 days notice immediately after closing (October). They were late on the next months (November). Now they are moving out at about 45 days and reques...
I've talked to a homeowner who inherited a home from her mother, hasn't paid taxes since 2008, and doesn't want anything to do with property - no profit from sale at all, just wants out. Per the tax lawyer the taxes a...
I have a house up for sale right now, its a nice house built in 2001, 3200 sq ft, a former builder's model so it was built with a lot of little "extras" you don't see on every newer house like tray ceilings, inset col...
Hello Everyone! I am looking to get a deal done on a property that I am currently managing for a couple who have recently divorced and live in a different state. The home is a nice 3 bed 2 bath home 1800 sq feet. I ha...
Hello! In need of advice from you smart RE peeps.
We have 4 rental properties plus our main house.RH #1: Owe $13,000 - rented at $1200/month (long term tenant moving out May). We could easily rent this property for 1...
In looking for properties in NJ, I can't see why anyone would invest in some towns in NJ. My question is would you invest near where you live but have higher RE taxes OR invest in properties farther away but less RE t...
Hi Everyone,After many months of watching, listening and taking advice to form a strategy for my property investment plan, I have finally decided to post!! I just wanted to see what experienced property investors thin...