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I have been using the same property management company now for about 4 years and have an 8% management fee on rents and there is also a lease renewal fee of 50% of one months rent. The lease renewal fee after researc...
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My partners and I are buying a 16-Plex. The current rents are lower than Rentometer suggests. We just purchased a 4-Plex from the sellers with a traditional 30 year loan to establish a relationship with them and tha...
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So I'm getting ready to make an offer on a REO. Listed at $65k. It needs about $10k in repairs, ARV is $100k. I am looking at a rehab/mortgage combo at around 5% and 20% down.
Will rent for $1000-$1100
P&I - $3...
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How exactly do I negotiate the time length that I can have to sell the property. Won't they be skeptical since I can't buy houses fast like my advertisements say? I need tips!!!
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Been looking into a nearby property which, by the price, looked enticing. Other similar units in the same area were 50-60K more. I have recently learned that this particular condo unit has $29,000 owed to the HOA and ...
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I am looking at a sub2 deal with the following details:1) Motivated seller that understands sub2 deals2) 1st mortgage with rate of 2.75% 30 year ARM (loan is current)3) 2nd mortgage (originally a HELOC) has been in de...
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I am working with a seller via a realtor who has been having trouble selling their tenant occupied condo. I intend to buy it for the right price and terms and rehab then buy and hold. Condo has been leased under mark...
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I am touring a duplex tomorrow that is IMO a great investment opportunity. I have crunched the numbers using the 4 square method on BP YouTube channel. Everything adds up but there's a catch, I calculated my purchase ...
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Okay, while we were viewing a SFH my husband suddenly realized it was actually a duplex that had been converted into a SFH. It was originally a 1 bd/1 ba duplex that was converted into a SFH around 2014. The kitchen i...
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Thanks in advance for all your knowledge! I tried searching for a similar topic, but was unable to find anything...
I'm doing a FSBO for a fixer-upper. Priced at what I think is fair (well below retail and taking int...