Mike O.
water leak..... help pay water bill?
got an email from my tenant on dec 22 saying they got a letter from the city saying there water bill was higher than normal and there is probably a water leak somewhere(they just got back from a week vacation). Dec 23...
Yoni Rozenstein
Buying package of 20 SFR - have we missed something?
Greetings all.We about to close (currently in the due diligence) deal of 20 SFR at the Metro Atlanta.We have a bank loan for this deal of 70% LTV.Here is our #'s , What do you think? have we missed something?Property ...
Mary D.
getting proof of rents on multi-family. what am I asking for?
Hi,Im looking at a 5 unit. Asked agent for financials. to SEE if what they say they are getting for rents are REALLy what they are getting.Agents answer: no but its a no brainer, its a money maker. Really?I did this t...
Account Closed
Looking to buy first home/ investment. Any tips?
Hello everyone my girlfriend (soon to be fiancé) and I were looking for an apartment but then we realized that with the prices around our area is best to just buy a house. We are considering buying a two family house ...
Daren H.
Newbie from Dallas! Requesting feedback on potential deal
Hello to all! I would like to get some feedback on my analysis of a potential buy and hold purchase. Thanks for allowing me into your community and I look forward to the feedback. Here is the deal:
Purchase Price: $9...
Jackson Carr
Large Multi unit Portfolio in Texas
Hey everyone,I am analyzing a few larger commercial deals and want to get some input on a deal of this magnitude. This is truly a mix of B,C,and D units. Currently, I am leaving expenses at 50% because I am just doi...
Mike Cartmell
50% Rule for Lease Options
If I purchase a house with intent of finding a tenant buyer to sell with a lease option, do I need to apply the 50% rule with this property. I am not planning on renting it, the term would be 1-3 years. The potentia...
Ryan Jopson
Quality of tenants, thoughts/experiences/comments appreciated!
Good afternoon, I am an investor/agent specializing in the Western MA real estate market. Myself and a business associate own a handful of multi-family properties in a specific location we have deemed to be highly luc...
Marc Dela Cruz
First Ever Property Viewing with Potential Seller - What to do?
Hello BP,
I sent out some direct mail last week and got a call from a potential seller. I'm visiting the 18-unit property tomorrow and meeting with the seller. He bought the property in 2014, 100% vacant and with a l...
Rhiannon Then
How to let go of inherited tenants
We are closing on a home and will be inheriting two tenants. One of three will be let go by the current owner before closing because this will be our primary residency. In order to qualify for our loan we need to keep...