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Ohio I've noticed has some high cap rates for multi-family properties. Can some of these properties be acquired for 80% market value and what does this entail? Is it a situation where a cosmetic rehab is necessary f...
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Was thinking of offering an apartment to handyman type and offer him discount in exchange for being an on-site super for handling any "handyman" type of jobs (i.e. painting, install carpet). What sort of % discount...
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This upcoming change from FNMA will restrict lenders to a maximum of 7% of their loans as investment properties and second home transactions. The easiest way for a lender to restrict transactions is to increase their...
Hello all!
After reading about benefits of being a landlord, I have finally entered into sales contract of my first investment (kind of, will explain) condo!
Sales price is $280k and with $500 HOA and $600 tax month...
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Hiya BP community - I am an investor & STR host in Annapolis, Maryland. I have been hosting my SFH property in both VRBO and Airbnb for nearly two years. Had a record year last year and I am thinking with a bit mo...
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At the end of 2019 I went with a property manager to find tenants for a townhouse. The agreement we did was for 2 years with paying 1 month and a half. I didn't do the month to month management, because it was going t...
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im trying to develop a system where i am buying a property with cash, rehabbing, and then creating a first lien note at 70-75% and then having an investor poised to purchase a partial at closingwhat can i do to find a...
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I am noticing, as usual a lower demand by prospective tenants for vacancies which open up during this slow time of year. If I place an ad, I will get a fewer responses. I can demand more rent in a busy season, becau...
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For those who have tried Airbnb long term rentals (typical more than a month), how do you factor in the utility bills? Do you factor it in the monthly rent or do you charge the guest who is basically a short term tena...
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I have spoken to two lenders this week and interest rates are so high compared to even a couple of months ago. In October I refinanced for 3.125 on a rental, in February I got a rate of 4.125 on a rental and now I’m b...