I am about to put new flooring in a single family rental. I want it to be very durable and trendy but not too expensive. I am willing to spend about $1.50/ft for tile or a "wood look" laminate. I want to do a combo...

Hello everyone!I am currently trying to get into my first multi-family deal. The seller is willing to owner finance 75% of the loan but wants the other 25% upfront. Of course, he wants me to cover any closing costs. I...

I found a 4-unit I like, but it has violations. I put in an offer with a contingency that the seller fixes the violations. They countered and I told my broker I’ll take it. That was two weeks ago. My broker’s told me ...

Hello, I’m closing on a property that was built in 2002. It’s a fourplex with four 3 bedrooms and 2 paths that has carpeting. The rents currently are $550-$600. But the market right now is approx $650/$675. I found th...

We are closing on a deal on a passive income property and wanted to know what are all the loopholes?- Property is in Memphis.- Property is worth 100k.- Plan on purchasing 15 properties.- 7% ROIWhat are the ad/disadvan...

I need advice on something. Me and my realtor are in the process of finding me a duplex or triplex as an owner occupier. (first time home buyer) We looked at some houses and one caught my eye. The location was great, ...

It's my understanding that, in Michigan, a landlord can raise rent a "reasonable" amount as specified in the lease.  It's usually 5% a year, but is it legal to go more, say 10%?

Filling vacant spaces in your communities can be a huge pain!We were able to get financing through Legacy Homes, the terms are roughly 10 years with a fixed rate of 7.9% for the first 2 years then Walstreet Journals P...

Recently my father in law (Kyle) came to me about a flip that he did with his business partner(john)about 6 years ago and they are losing money every month renting and john just wants out. John offered me to write a c...

Hi everyone,
I’m seeking advice on a property for a family friend who’s considering selling it to reinvest in opportunities that generate better cash flow. Here are the details of the property:
Property Overview:
L...