Jordan Vires
25% expenses on Multi Family
Do any multi families actually operate with only 25% expenses in relation to gross rents. I made an offer on a multifamily property and used 50% rule as a guideline. The realtor's response was.....
" Vacancy ...
Nikki Stoddart
Under Contract Dallas 5Plex- How should I handle existing tenants
Hello BP!I am an investor from the SF Bay Area. I am purchasing a 5plex property in Dallas, which closes tomorrow, 8/31. I have experience with rental properties in the bay area, but this will be my first out of sta...
Account Closed
Deposit from previous landlord
Hello,I recently bought my first unit. We closed on the 25th and the previous tenant moved out on the 31st. I have two questions. 1. The tenant is asking for the deposit back. The tenant signed an agreement with the p...
Omar Johnson
Loss Mitigation Alternatives
With historically high rates of default on home mortgages lenders are facing many more foreclosures than they have in the past. This allows for short sale investors and pre-foreclosure specialists to thrive in the cur...
Shari Lawson
Has This Happened to You?
I purchased a property in San Antonio, updated it and rented it out. All records stated that the property was 1470sq ft and I was paying property taxes based on a 1470sq ft house. The house was appraised at the time o...
James C.
Austin Property Manager Recommendation?
Does anyone have a property manager they recommend? I'm looking to switch from my current property manager?I have a single family rental and I always end up with tenants skipping out on rent on the last month and havi...
Matt Fitzgerald
Plot Plan - where can I get mine?
I'm applying for a Long Form permit for one of my properties & the city of Boston requires a certified plot plan. Any ideas where I can get this without hiring an engineer or surveyor? I tried my mortgage company ...
Spenser Harding
Buying an occupied SFR: Potential Red Flags?
Found a house in Tacoma, WA that the seller inherited and wants offload as she wants nothing to do with being a landlord (Great! I'd love to help!). I requested some information from her agent and only recieved very ...
Holly Scott
Don't think my GC pulled roof contract in Colorado, what do I do?
I have a dilemma. I hired a GC for a flip I'm doing and we are about 85% through completion with a goal to be on market by March 10th. I have had all kinds of issues with my GC, that is a long story. I didn't do my du...
Eugene Vollucci
Comprehensive Property Analysis Strategies
Discover the essential tools needed to analyze property and how to apply them.
THE INTERNAL RATE OF RETURN (IRR) TO AIM FOR
The IRR should reflect the degree of risk you’re willing to take. The riskier an investment...