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Hey guys - just getting into rental business. When you are buying a condo for rental purposes what are you looking for? I know 2% is a good rule (as in if it costs $200k it must generate $4k). In the market where I am...
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Ok, so I haven't done one of these in a really long time and for some reason the hud is missing in the file of the last one i did so I assume the fee never went on the hud or I'd have a copy of it.
I have a deal sign...
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I am planning to buy a large cabin in Sevierville, TN area for STR and am wondering what are the common expenses associated with owning a cabin. Can anyone please suggest?
The Goal is to find out the anticipated inco...
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So, I'm on to my next property (buy and hold). I'm wanting to put as little cash as possible up front for the next one. I'm buying in the 10-25k price range. I have two credit cards. Current balance of $0 on both...
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So in short, I wanted to make an offer on a property sooner than later. I had asked the lender (by phone call and email) I had worked with recently for a refinance. After waiting approx. 1.5 days without a reply, I as...
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Hello All, is it common for property management companies to block tenants from paying online after they have a bounced payment? Why would they do this? Wouldn’t this just result in tenants even missing more payments ...
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Hi BP,I am considering investing in my first syndication, and was hoping to get a sanity check on the numbers from those with experience. Here are the highlights: 100+ unit multi-family in Kansas CityTotal acquisitio...
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(Cross-posted to local RE forum)I've been communicating informally with a person who lives in my neighborhood. She's a Realtor and co-owns (with son) a rental close to one of my own. She's thinking of selling (not yet...
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For the second month in row, my tenants have paid rent 3+ days late. My lease states the following: Shall tenant(s) accounts not be paid in full by 4:00 pm on the 2nd day of the month, a late charge of twenty five dol...
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So here's a little background on my situation. Just wanted to get some input from you guys on how one should handle this particular situation. I purchased my first rental property, a bank owned townhouse approx. 1 yea...