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My tenant is requesting a 5 year lease. I was originally going to increase rent by 3% per year. Because they want to sign for 5 years, which will reduce vacancy costs, I should probably reduce the annual rent increas...
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Hi All!
My experience in multifamily thus far has been in the 1-4 space. My future goals involve larger properties and would like to start setting myself up to attain them.
What are the qualifications on larger mult...
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Today was my worst day ever landlording. I evicted a 86 year-old lady and her 50-something unemployed daughter. I purchased the property back at the end of May. Right after closing I gave the lady the option of paying...
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It seems like it's impossible to find places that rent following the guidelines of the 2% rules. If a property that's $200,000 should rent for around $4000/mo to cash flew that seems quite extreme. Or is it just that...
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I am seeking rentals in the Hazel Park/Madison Heights Michigan area and so far I have only purchased three bed houses. There are some good deals on two bed and I would like to know if any of you have had good fortun...
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Hey BP,Will any banks or CUs give a loan based on value rather than purchase price? I may be able to acquire a property below market that I plan to house-hack and was wondering they'd lend on value? That was I'm cashi...
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Rent Growth in Sacramento is Triple the National AverageFrom: https://www.sacbee.com/news/business/real-estate-news/article214089674.html"Median rent rose faster in Sacramento during the past 12 months than in any oth...
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Hi All, I was curious to compare notes with others as to what minimum cash on cash criteria they use to determine if a deal is doable, and what is one they would be really happy with. It seems to be that if your obj...
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I've brought this topic up elsewhere, but would love to hear more input from seasoned but and hold investors. Let's assume only the givens to making money exist on these, meaning no appreciation or rental increase....
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Hey guys - I'm hearing conflicting advice on what lenders to go with for investing out of state.Is it better to go with a lender who is local to the area of purchase? Or does it not matter, it really comes down to the...