Andrew Michaud
Do these income/expense numbers work for this 3 unit multifamily?
3 unit multi-family. Appraisal value 90k, selling price 70k. 15 year mortgage at 4.5%. Down payment 20% or 14k. Annual mortgage cost $6300.Rents:2 bed $600/mo tenant pays electric and heat1 bed $550/mo tenant pays ele...
Rachelle P.
Deposit Returns to Domestic Violence Victims breaking a lease
I have a tenant breaking a lease 7 months early, claiming there son is a victim of domestic violence. I have no desire to unduly penalize these folks, but obviously this is a huge hassle and it has cost me advertising...
Hannah Westner
50% rule in New Brunswick (Canada)?
Hello, BP newbie here. I was watching this video by Brandon recently and found the method interesting for helping to identify properties that might be worth a second look (https://www.biggerpockets.com/renewsblog/201...
Terrence Allen Kinchen
Funding My Real Estate Deal
I have a deal in Canton Ohio. Mobile home park. NOI is $313,600 supposedly. They're asking 3.2 million. First of all I need investors to make the down payment and provide funds for possible problems that arise in year...
Daniel Luedtke
Applications for rent
What's the best process for taking apps and screening applicants? This is the first time I'm filling a vacancy. I am doing some showings of the unit to several prospective applicants, but think I may have put the car...
Chris Kraemer
Ok to pay market price for duplex that casflows?
Newbie question: looking to buy a duplex...is there any problem paying the market price (vs trying to find one below) as long as it cashflows?
Aaron M.
Cash out refi to purchase more units
Lets supposed I owned 5 Properties (3 duplexes and 2 SFH) with 325K market value and purchased them with private money with 10 year repayment period.The properties would be owned by an LLC for 1 year and showed a po...
Heather Dickison
Raising Rents Monthly?
Hello,I recently acquired a 6 unit property with existing tenants and under market rents. One tenant already asked if he can break his lease and move early (woohoo!). Most of the others are on month to month leases. W...
Keegan Uderitz
I was just told that I could get seller financing on MHP
Hello!I ran into an owner who said they would sell for around $900k. I have no idea the income on the property (yet) but there are 7 mobile homes on the 1.4 acres. What do I do?! This could be a great opportunity for ...
James Brown
Renting My Condo and Mortgage Refinance
One of my goals is to build cash flow with a rental property. I am slowly outgrowing my first home (1br condo). I am at the point where I need to decide to rent my place out in the future or plan to sell it for a bett...