Just got approval for short sale. I owe $200K on beach property and have an offer for $90K. In the short sale agreement it states that the lender or its investors may pursue a deficiency judgement for the difference...
hoping this is appropriate, In the past my x husband and I flipped about 9 for closures. For the past 4 years I have been renting with my two teenage kids and one dog. The home I'm renting is a young home. Built in 92...
What's the worst maintenance request story you have to share?
I purchased an apartment building just before Covid hit in upstate NY. Rents are well below market and the plan was always to raise them but for obvious reasons I haven't yet. My market seems pretty tight so I if so...
So, my tenant's neighbor called me today and told me that my tenant got a pit bull. He think he’s had the pit for 2-3 weeks now. My lease does not allow for a Pit Bull and I clearly stated to my tenant when they ...
I thought it would be nice to hear from other investors about how their payroll came to be, and what positions are on it.
If you could rank your employees in order of importance and put a brief description of their d...
Curious to hear everyone's thoughts on the proposed tax plan from Biden and its impact on multifamily, or real estate in general. A couple highlights from the proposal:#1 Elimination of bonus depreciation
#2 Eliminat...
I have to giggle up my sleeve every time I see the Manufactured Housing Industry continue to shoot itself in the foot. In the last 150 years we've managed to come from a Horse and Plow to a John Deer, from a Horseless...
Question: Is an FHA or 203K loan better than a conventional loan for purchasing your first multifamily property?Hello!I just got off the phone with a mortgage loan officer. Backstory: My plan is to obtain pre-approval...
Hello
everybody,
I
have purchased a single family home in October 2020, with a
cash offer.In
January 2021, I asked my property manager to pay my
property tax of about 2,000$, she accepted and has paid with...