Chris Lawrence
Small Multi-Family Question (7 unit)
I currently own single family rentals and I'm looking at a 7 unit apartment building (multi-family is foreign to me). I believe its currently under valued with gross yearly rents at $51,060 and I believe I could conse...
Anh Nguyen
Monthly expenses for a Duplex in Cleveland
Home Price130000Max home priceRent Income$1,800Lowest rental incomePrincipal20% down$90.00InterestAmortization table$580.00PMIN/A$0.00HOAN/A$0.00Repairs1%1% of home price or 5% of rent (whichever higher)$108.33Cap Ex5...
Franc B.
Slow fridge leak damaged my floors can I claim on home owner’s insurance?
A slow leak has caused $2.5K damage to a rental property of mine. Does anyone know if home owner’s insurance would cover this? Looking for guidance before I submit a claim. Thank you.
Deb Somdahl
4-plex purchase strategy - facing capital improvements
I am looking at a 4-plex investment. It is built in 1985 and has an original roof, and 2 original A/C (so two are likely ending useful life). I am weighing making a lower offer and planning for these large capital imp...
Tim Bee
property manager keeping 10% late fee
The tenants debt is about $1600 and goes up by 10% every month because the property manager keeps the late fee. Basically I am loosing 10% a month so it's like I (the owner) am paying the late fee. I know I could ev...
Corey Dutton
REOs and Short Sales Over 40% of All Home Sales in 2012
As reported by RealtyTrac, foreclosures (also called REOs) and short sales, accounted for 43% of all home sales in 2012. “Distressed sales are still a disproportionately high portion of the overall housing market,” ...
Mad Dendukuri
When is relocation to tenants required for doing repairs
HelloI have a tenant who is asking for upgrading carpet and flooring, while its not in bad condition, it is getting old (~7 years) - I agreed to get it upgraded. The installer said it will be ~6-8 hours job and can fi...
Simon Cox
What do you think? Jumping into apartment investing!
Hey everyone! (Happy Valentines Day) :DI'm looking at purchasing an apartment complex and wanted to hear what you all thought about the deal analysis so far.It's a 23 unit property just outside of the DFW, TX area wit...
Rob K.
New furnace regulations - applies to all of us in the Northern United States
http://gilsonusa.com/sites/all/themes/gilson/pdf/ACCA-Northerners-ReplaceFurnace1.pdf
My furnace guy called me about this today. I hadn't heard this before. Any furnace installed after May 1, 2013 needs to be at leas...
Bryan Plumb
Best way to pull equity out for first investment property
Our situation:End goal is to have a single family home in Maui in a few years...We have roughly 257k equity (conservative estimate) in our single family home after about 7 months of ownership (thanks to locking in our...