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I am looking to purchase a 5 unit apartment complex with only 40% occupancy. Is there any possibility that the bank would loan in this property? And what are good strategies to increase occupancy?
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Hey everyone,I am looking at a deal in Northern Michigan, I'm in love... 22 unit motel that I am going to convert into studio apartments. The problem with that is that it has no proven cash flow history. Also, it may ...
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i have a tennant under lease...she moved out of state...she has her son living there and they are not paying rent...they also have the gas shut off...Do I have to treat this like a normal eviction, or since the son is...
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Hello there,I'm looking for others who have had success buying tax deeds from the state. How do you handle properties that you purchase the deed to, that may have residents in the home? What is the best way to check...
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Pacer: Public access to court electronic records. This account allows you practically real time access to federal court and bankruptcy cases, up to 300 pages of access per quarter for free starting 1/1/20. As of now y...
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What is the current law on refusing to rent to prospective tenants who have criminal records? Thank you in advance.
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Not sure if this is the right category to post in, but I have a general question about managing multiple LLC's for rental properties. If you hold rental properties in individual/separate LLC's for privacy & prote...
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I am writing this because I see so many post about Midwest properties and while mine was a rather easy (though still sot money) issues to fix not all of these situations will be. Let me start with do you have your tit...
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In the case of smaller properties that have lax or no financials, what approach to lenders take to underwriting/valuation? Are some types of lenders better for these than others? My gut feeling is that community bank...
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Hello everyone! Asking for your expert opinion. Any thoughts are appreciated!We bought at $212k, we put 20% DP used DSCR(~45k because it was appraised at $206k).
Some of the updates we did: changed roof& hvac,...