Johnoson Crutchfield
Selling 4 unit cash flow for too little?
Ok here’s a question. I own a four unit building bringing in 2700/ month. My expenses including vacancy/ maintenance are 1700/monthly, so it cash flows $1000 a month. I’ve got a guy offering to by the property for 145...
Melissa Wedell
Is Buying on a Land Lease a Deal Breaker?
I am looking at a property in Phoenix area and I found out it is on a land lease. Everything I've researched online is a very mixed bag of everything from "it's fine" to "don't do it". From what I've read, it seems ...
Zack Aboona
Realtor Real Estate Class , Chicago Illinois
Greetings, First, I want to express my gratitude to BP and all the members and guests, great site and extremely helpful, it gives hopes for those who are interested. My only regrets is that I did not come across this ...
Will F.
Evicting one Nuisance Tenant and Allowing Other to Stay - Domestic Issues.
I don't like getting involved with stuff like this...But I have a situation in Los Angeles city where a boyfriend-girlfriend are breaking up. The boyfriend pays all the bills and wishes to stay. The girlfriend has be...
Jeremy Tillotson
How Hiring Cheap Labor Can Be Bad
Alright I am probably going to get a lot of people mad at me here. I have been reading alot of post about hiring a guy to do something "cheap". Which in general the "Cheapest is Rarely The Least Expensive" Imagine pay...
Victor Kao
Damaged Hardwood from Hookah Coal Burns
I have a tenant who smoked hookah in his room against the lease agreement's non-smoking clause. He has agreed to stop smoking in the house, but I'm not sure he has. Is there any way to make sure he stops smoking?Also,...
Dave Chow
Refinance for rental property
I have a rental property which is originally purchased not for rental purpose. Now its renting out for $1550/MO. The loan has a 10-year fixed rate of 3.15. The loan balance is about $110,000(house price is about $190,...
William D.
Negot. With owner of MLS property
If a property is listed on the MLS is it allowed to contact the owner directly to negotiate?
Jerrad Dumont
Real Estate investing with LLC and Leases
Hello, Was hoping for some advice. I just purchased a house near a college. I have some students that are going to come and sign contracts for the house. Should i put my house into an LLC or just do everything thro...
Kapil Kandel
Appraisal lower than expected
Hello,
I just joined BP and would like to get your input on a deal my family is working on -
My family is interested in purchasing a commercial property which has a small convenience store (gas station), saloon, to ...