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Hi i am hoping to invest in my first investment property soon. From my state, only place that I think that would have high tenant rate would be near university of area because the in my state, since it is not one of t...
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Man, today has been frustrating. I'm supposed to close on the purchase of a duplex in Aurora, Colorado this Friday, but my lender dropped a bombshell on me today. I'm fully approved, but they are saying the red tape t...
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Hi all,
I have found a duplex that I am prepared to make an offer on. It seems that the #s fit within the rule, but just wanted to make certain. If you guys could maybe take a look at these #s, and also suggest other...
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If I were to rent out 2 of the 3 bedrooms I have in a place I own, how would I cover myself (legally) with a contract. Do I draft up a sub-lease and have them have a security deposit and what not just like any other r...
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Hi,I'm curious what guidelines you follow to determine if adding value to a MF apartment makes sense? For example, lets say that updating each unit can increase rents by $100/month. What is the max that you'd spend ...
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My primary house has substantial structual problems - report shows $20K in repair, needs new roof $5000 and windows/doors $3000, and updates $15000. I am upside down $35,000 from loan to value. This totals $78K in the...
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Today, 4-5 of my units will become vacant. The tenants are going back home since their job is projected to be done. How are you, or your cleaning crew, going to clean your places for the next renters? Or are you go...
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How much rent is ideal rent to property value ratio for both Multi and Single Value
Thanks
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So I looked at a Fannie Mae REO today that it looks like a home run. House needs extensive work,(right up my alley!) has great potential! Its been on the market for 2 months and they still have it listed for twice o...