We are under contract for a 4 unit apartment complex in Taft for $170k.Each unit rents for $575. Currently, there is 50% vacancy. It was advertised as fully occupied. I talked with one of the tenants who has lived the...
So we have purchased a property that we feel will turn out to be a great deal, basically purchased for the back oweing taxes. Here is our first problem though, it's occupied by a "tenant" that supposedly had a verbal ...
Has anyone utilized the 100 percent financed Multi-family Acquisition Program? Apparently they assist walking you through finding deals, financing them/obtaining business credit, and closing the deal...
When borrowing a smaller amount from family, say 25k, for a downpayment, is it at all common to do a 30-year ammortizing loan? If so, what rate? Is 7.5% 30 year ammortizing reasonable? I want it to be attractive to th...
Over the years on here I've seen some questions regarding people wanting to become Property Managers and how they would handle entering the data into a financial software program. What they don't realize is that there...
My first house flip will be completed by the end of December. I was planning on putting it on the market at completion, but I have been told by others to wait until February/March to list it due to buyers not typical...
I’m looking at purchasing a multifamily home 2-4 units. I’m in the Air Force so I wanted to utilize my VA loan which allows 100% financing but the catch is I have to live in one of the units. In today’s market the pri...
So I've read Wendy Patton's book on L/O and gone through another gurus course as well. I've also done plenty of reading in these forums. I'm suspicious that a rosy picture is being painted here. Essentially what I rea...
I live in Atlanta where they can put a lien on your property for the water bill. However, I didn't think I would be responsible if the account was in the tenant's name. Tenant left and never notified me. I just found ...
BLUF - a maintenance company my property manager uses approved the installation of an A/C unit to a third party vendor without our authorization. The installation was completed last September 2021 and I received the i...