Charles Price
Buying First Rental Property Question
Hi there, I'm a first-time poster and looking to be a first-time real estate investor. After looking for about a year, I think I've found a property I might buy, I'm wondering if someone can poke some holes in the pla...
Zach Sikes
16 unit seller finance, and possible 21 unit next
I met with a seller today that has two groups of units. One is a set of 21 condos, and the other is 16 units. He said he would consider seller financing.
I would like to establish a relationship with him to get bet...
Doug Johnson
Low Ball Offer Advice
BP,
How would you recommend putting together a fair offer? Check out the below example:Value = NOI / Cap Rate2019Value = $35,350/ 8.40%Value - $35,350/ 0.0840Value = $420,833.33Is this a correct way to analyze the ...
Joseph Gisler
Under $50 tenant pays clause?
I recently got my rental agreement officially reviewed by a RE lawyer (yay) and he suggested a clause he sees a lot is “repairs under $50 are responsible by the tenant” or a number similar to $50. Who does this and wh...
Prachi Metha
Zinsser or Kilz for Cigarette smoke
My newly purchase house has a Cigarette smoke from the previous owner. Ozone treatment and duct cleaning is done, it helped but still smoke is there. Next step is I am moving to get house paint with Zinsser or Kilz pr...
Greg K.
1st BRRRR Deal - HUD Home Condo in MA - $1500 Cash Invested
Investment Info:
Single-family residence buy & hold investment in Fitchburg.
Purchase price: $98,000
Cash invested: $1,500
Sale price: $141,000
2 bed, 1.5 bath condo built in 2004. Purchase ...
Kunle Akangbe
Rental Properties in South Carolina
Hello everyone,I’ve been reading and listening to podcasts on buying rental properties (in state & out of state), and within 6-12 months I believe I will have enough money for a 20% down payment on a property. Alt...
Jayagowri Deenadayalan
Steelton PA
Hi, My name is Jaya and i am starting my first multi family investment property. I signed a contract for a property in Steelton PA as this was the only 4 unit property that was within my price range. I did the number...
Vijaianand Thirunageswaram
Landlords - Texas Rent Relief coming our way...
Hello I am sure like my landlords many of you might be affected by the COVID and non payment of rents from your tenants. If you are not, you are lucky. We do have some relief on our way. I hope it doesn't run out soon...
Sean Lesser
Roof uninsurable after inspection
So I just purchased a house with an older roof in Florida where a 4PT inspection is required. The 4PT verified the roof was acceptable with 5 years estimated life left. I had to go off the standard market to get insur...