Jay Neaves
Would you recommend a 9 unit apartment building for a newbie?
These are the details I have...
SP. $269,000 (probably get it for 250k)
9 Units 4 x 1 bed and 5 x 2 bed
100% occupancy (maintained for 12 months)
Scheduled Gross Income 62,100
Effective Gross Income 55,027
The que...
Account Closed
Indecision on a multi-family property!
I live in Southeast Michigan and I have found a $69k triplex through a real estate agent's MLS listing that I'm keen on. Two of the units are rented out and one is vacant, which I intend on moving into. I'm single wit...
Oudit Rambharose
First Time Investor - Schenectady, NY
Hi All,I'm a first time investor. I will be closing on my first 2 properties sometime this month, and have run the cash flow several times. Each time that I receive more accurate information, the cash flow looks sma...
Corey Drexler
Tenants want to leave
Our tenants notified us that they cannot afford the rent (unit is already under market rent)and want to move out. They are paying the early termination fee and said to be moved out by Dec. 11th. We want to paint and p...
Dj Samson
Help me create my plan!
OK, so I am relativity new to the forum but I've been a little confused about my plan. I'm 17 and I'm going to be going to college this January. I've read alot of good REI books like "Real Estate Riches" and "The Mill...
Corey Williams
Buying a new home - keeping existing as a rental guestion
I have been reading as many posts as possible in the past week and wanted to run this by you. I have read a couple posts that mention getting started by buying a new home and keeping your existing as a rental. Bingo...
Eric Teran
Two weeks after house burned is it ethical to make an offer?
My wife and I were walking in the neighborhood and we noticed a home boarded up. Perfect opportunity to make an offer. However, we soon discovered this was the home that was burned down about two weeks ago. The interi...
Adam Soyak
Replace window in bathroom or should I remove and close?
I am rehabbing the bathroom and plan on doing a full height tile shower with tub. Shower is located on outside wall. Do I eliminate the window? If I am not removing, what kind of window should I replace it with?...
Account Closed
Would this be a good investment?
Hi guys I'm studying for my first investment which I'd like to initiate this year possibly after summer?
Would this be a good house to buy n hold?
Why or why not?
http://www.zillow.com/homedetails/2954...
Vincent L.
Irresponsible broker
I was bidding on an REO property in CT, and found out that the listing broker was holding my bid instead of forwarding it to the bank.
First time I made a bid, she held it and I lost the bid, the property going to an...