Tom Server
owner occupied or non owner occupied
I'm purchasing a triplex which currently has tenants in all the units. I need to apply for a mortgage loan. I plan on living in one of the units, but what happens if I cant evicted in time of the closing? Do I need t...
John Brown
How does last months rent work when being evicted?
Hello, we are being evicted after a very long time. The landlord has chosen to renovate after all this time, and though we have been good and loyal tenants with the rent always on time, he had the sheriff tape an evic...
Jeremy Blackowl
Tenant wants to break his lease, Should I let him???
My tenants have only just moved in two weeks ago on a 12 month lease but they have already asked to get released from their lease in order to buy their own house. They are a young military family with a large dog and ...
Kimberly M.
How long should due diligence period be?
When contracting for a multi-unit asset how long do you normally ask for a due diligence period? I realize this may depend on the number of units in each property but if anyone can provide a standard timeline breakdo...
Bart Ford
Tenant who wants to purchase elsewhere - Advice?
I have a small commercial property that I manage mom-and-pop style. At the end of December, when leases came time to renew one tenant said she and her husband were about to make an offer on a property and asked to go ...
Larry Alexander
ETF over Mutual Funds - Seriously?
Before I test the waters with my 30K, I want to be sure I drop it in the right bucket. I was all hot to invest in mutual funds after listening to Dave Ramsey's podcast on YouTube. Today I read a long dissertation on h...
Bryan Blankenship
Property Management - What makes yours the best or the worst?
Hey everyone!Our property management company is growing every day and our turnkey clients LOVE us. We're always trying to improve, though, so I'm wondering:1. What are some stresses and issues you've had with your pro...
Carlo D.
To furnish, or not to furnish
I'm about to close on my first rental property in NYC. I plan to do some cosmetic upgrades after then rent it out. Is it better to rent it out furnished or unfurnished?
Mike Toole
Turning A Property From Tenant to Tenant
Hello All,There's a chance that my current tenant will move out on 9/30, and a new tenant will move in in Oct.Of course the most ideal scenario would be having the new tenant move in on 10/01, but this seems impracti...
Daniel Vasquez
I finally purchased my first rental
Investment Info:
Large multi-family (5+ units) buy & hold investment.
Purchase price: $903,000
Cash invested: $328,000
I bought a 6 unit apartment complex using funds from a 1031 exchange. I purc...