Simon Stahl
Tenant stealing and vandalizing after eviction court but no proof
We have a triplex in San Antonio, TX with one problem tenant. She was always late with rent and at some point did not keep up with her payments at all anymore. We offered her $500 cash for keys (that is the amount my ...
Gabriel Jeroh
How would you structure this Subject To deal in Houston, Tx?
I have this Subject to off market deal in Houston, tx: Seller's Motivation: Needs to move to smaller house close to work place.ARV: $185,000Repair: $5,000pending Mortgage: $135,000Seller currently lives in property an...
Molly Morlino
RV and Boat Storage in central Texas
We have 64 covered (40 ft x 13 ft) RV and boat storage spaces in Kyle, TX. We currently get $85/mo per space (not inc tax) and we rarely have vacancies for more than 12 hours. In other words, it's been a great inves...
John Public
Rental deductions
Guys,
I am trying to figure out my post-tax cash flow from my pre-tax cash flow and other stats on buy and hold properties. How does it work again? Please correct me if this is wrong:
From the net operating income...
Jacob Hanson
Contracts for Deed for Mobile Home Parks
I have a small mobile home park under contract in Minnesota. It is my first mobile home park. The seller uses Contracts for Deed to sell POHs that get abandoned. The seller's strategy is basically to keep reselling...
Account Closed
Multiple offers-no contracts
My partner and I have made several (at least 10) offers on separate properties in which we believe would be ideal for our buyers. Our process is gathering the ARV and MAYO and beginning our first offer at 80% of MAYO...
Frank Adams
Here'e why it's good to WAIT
Lately there have been a few threads about noobies worried that they're "missing the boat" by waiting and that "all the good deals will be gone!" I've been sitting out things for awhile now and just this week good stu...
Rath Yelandur
AUCTION.COM - Do we get a Clear Title with Online or Live Auction
I am new to REI. I am in the Houston area. Lets say - one purchases a property by bidding online or at LIVE auction with AUCTION.COM.Do they get a CLEAR TITLE or they still have deal with hidden Liens ?In the doc...
Devin Wanzor
Options to Make this Deal Work?
I am targeting single family houses in a new entry level neighborhood near where I live. The neighborhood still has ongoing construction. Buying new from the builder, the homes are selling for $147k to about $165k.
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CJ M.
How much cash reserve is too much?
Hello BP,Curious about something. Most of us have heard about the 50% rule, or saving a % of gross rents for things like repairs, capex, PM, vacancies, etc. At what point do you determine you have enough cash saved up...