Ryan Dossey
Arsonists torched one of my projects (Pics)
The biggest piece of advice I can give you is to check your insurance policies. We were 90% of the way done with this project. The tenant was set to move in this week. Closings documents were at title for the end buye...
Eric Tonnemacher
Tenant is violating smoking policy
Hello, we just signed a lease with our tenant and they moved into our duplex 7 days ago. The lease has language around no smoking in the home and specifically states smoking is only allowed outside. Now just a week in...
Ken Musial
Refrigerator Storage Parts - Outrageously Expensive
While turning over a vacant rental property, I noticed that the lower storage pan in the fridge, along with the shelf support, was broken. Unfortunately, I didn't notice this prior to refunding the security deposit (...
Will F.
Value Add Tripex BRRR Long Beach Calif. Showcase
I have an empty unit in my triplex.
We bought for $385k highly distressed/ underperforming 2015
Put in $25k initially and $50k over three years
Now it's operating with $61k GSI
Based on the NOI of area 4.25 ca...
David Kirkpatrick
To Keep or Not to Keep Handicap Chair Lift
Purchased my first investment last year in October using creative fianance (owner finance). It was 16 units with a mix of 2 and 3 bedroom townhouses. One of the 3 bedroom units that was occupied at sale has a chair li...
Karl Smith
Should I use an LOI or an Option agreement
I'm looking to wholesale 2 - 6 unit Chicago properties. The owner wants to sell them together. Both properties are C class, vacant and need full rehabs inside about $15-20k per door; kitchen, bath some wall replaced,...
Will Schryver
Assignment of Lease Agreement(s)?
If I acquire a multifamily (2-4 units) property with full occupancy and tenants locked into a 12 month agreement, what happens in the event of a change in control? In an RE deal, can you assign the lease agreements to...
Nancy Carr
Breaking a lease early
My property manager in Michigan let me know today our tenant is breaking the lease early due to a move out of state. Background, this is for a 4 bedroom 2 bath house, nice yard in a nice neighborhood. The property ...
Tiffani Suarez
Multifamily investing PML funding
Primarily buy and hold SFR. Recently have been looking into investing in multifamily. Do DSCR lenders require the 20% down payment like traditional loan products. Or would a PML be able to help with long term PML loan...
Alex Olmo
How many investment properties can i finance?
Conventional lenders that finance more than four properties. Is possible to finance more than four properties with a traditional bank?Thank you!!