Just went into a recently vacated unit and found a "sex offender" letter on the fridge notifying my tenants that a sex offender just moved in to the 4-plex next to mine. Was this the reason my tenants moved? Who knows...
Hello all, I've currently analyzed a fix and flip, and am working on getting hard money to move forward with, but I would appreciate your thoughts on the deal.It's a SFR, ranch, ~900 ft^2, 2 bd/1 ba, with an unfinishe...
I've let myself get a bit emotionally involved in this one. Please talk me off the ledge!
I've run this through the calculator, and it says it's a negative cash flow deal financed under 15 years, pretty much...
Hello everyone. We have an opportunity to tear-down a home and build a new home. We are looking to basically tear down the home and build a new home. The plan is to use the same perimeter of the existing home to save...
I am about to close on my first rental using the BRRRR strategy. We (my son and I) will be doing most of the work ourselves including roofing, siding, gutters, windows, new floors, kitchen, bath, and paint. No major f...
I have a friend who was a successful landlord for many years. When I mentioned Section 8 to him he advised me never to get involved with it, that it was only for experts who know how to handle it. He said the Section ...
if I already have a tax lien certificate in Alabama, can I renovate and then rent the house?
Hi All,I just entered the Houston market with the goal of buying long term rentals. I closed something in Missouri City the other day, and the insurance was $3,000! The home was worth about 145k. Im now underwriting a...
I'm working with a landlord whose last tenant killed himself in the unit and was not discovered for two weeks in the middle of summer. The landlord hired ServPro to "clean up" the place but the smell still lingers....
Hi BPer's help me out please. We closed on a property July 1. A 'nice' fella came through July 10th and "needed to move in right away, that day." I told him we have repairs lined up and if he'd be patient with me a...