I have been saying this for awhile that the market is frothy and that IF you buy larger multifamily you better be using conservative underwriting numbers.Those placing money into properties with the prediction of abov...
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Hi all, I rented my house to a couple last week, since they moved in they keep texting on any issue they see and request and immediate fix. I went there many times during the week and addressed all issues including ca...
Hello everyone, I am currently negotiating on buying a 2 unit property in my area. When I looked at both units, I asked the tenants in one of the unit on how long have they’ve been living there. They told me that the...
Inflation has only dropped my .1% and Feds are ready to do whatever it takes to drop that. I have been hearing on the streets that interest rates could* go to 12%+. That would be pretty scary heading into a full on re...
Hey everyone!
I have a 12 unit value add deal under contract. This is my first step up to real multi family. I currently have duplexes and single family rentals.
About the deal:
725K purchase price
108K gross rent
...
Hello, would you buy a house that the son killed his mom and burnt the house down to flip?
Here are the numbers:
Purchase Price - $50k
Rehab Cost - $60-65k
ARV - $220-250k
There is a lot of room here, but I have ne...
My tenant wants to get Satellite T.V. instead of cable..
I have never hung a satellite dish on my roof before... but Im guessing depending on the person doing the work it could possibly create damage if not d...
Hello,We bought this house and closed on April 28th. We have been searching for a qualified tenant but have had no luck.I was wondering how long other investors have had vacancies in months. Is it normal to have a vac...
What special touches or amenities do you add when you renovate? I'm not talking about paint color or flooring until you do something special like an accent wall in red or cork floors. I have some upcoming projects, ...