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I am currently in escrow on my first rental property. I discovered the house I am buying was falsely advertised as a 3-2, county records show it's only a 2-2. One of the "bedrooms" in the basement doesn't have a close...
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Some buyers are making deals work in today’s market because they are buying properties not reflecting the NOI accurately. If you buy C vintage properties, be careful if operating expenses are less than 45% NOI. Realis...
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Investment Info:
Small multi-family (2-4 units) buy & hold investment in Augusta.
Purchase price: $135,000
Cash invested: $5,885
In 2017 my then fiancé, and now wife, Emily and I purchased a 3 un...
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Hello!
We bought a duplex in Saint Paul, Minnesota and have it marketed at $1375. It's an up down duplex and my husband and I live in the bottom unit. So far we have two different groups interested. One is a group o...
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Hello, I have a question for the forum: I have a multifamily property (2 fam) in Medford MA that I bought in 2019, and the cash flow after paying expenses is about 4K a month. The property has appreciated as we all kn...
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Good evening all. When purchasing a property that has tenants and you take possession on the 6th of the month, at what point do you notify the tenants of the increase in rent? Tenants are currently on a month to mon...
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Hi everyone!Im inheriting what appears to be aloyal tenants for the duplex that I’m purchasing in two weeks. I plan on living in the duplex as well. According to the listing agent, Tenants had been living in the upsta...
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Ok I need some help. We're about to settle the sale price on a 3 family that needs repairs to the roof. Initially we tried to split the cost to be paid out of escrow at closing. Seller thinks we should increase sal...
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Hi everyone. Just curious how you guys are analyzing your rental property investments, specifically with regard to investing in existing properties in the form of additions and other improvements that increase monthl...
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Hi,I've heard of how some investors use equity on their first property for down payment on their second property. How does that work?Is it a better idea to use my own cash for down payment instead?