Joseph Scorese
Mortgage Rates Steady Near 5-Month Lows
Mortgage Rates Steady Near 5-Month LowsMortgage rates had a tremendously uneventful day, holding roughly the same levels as those seen yesterday and the day before. In this case, a lack of movement is a good thing co...
Kris L.
Property to be Vacant at Close
I have a property scheduled to close in a few weeks. There are currently tenants, and the contract states that the property will be vacant at close. Do I need to have something in writing from the tenants stating th...
Marshall Shen
Deal Analysis for a Chicago multi family property (3 of 30)
Hi there,
I'm doing a 30-day deal analsys challenge where I analyze one deal per day. This is my 3rd day :)
Based on the asking price, I estimated it will generate a negative annual cash-on-cash return, assuming 20...
Lynn Z
New Appraisal Guidelines
My lender is nervous over having to find 3 comps 1.5 miles from my residence within the past 90 days. The appraiser who is scheduled to do the appraisal says sometimes the underwriters send back instructions asking f...
Mo Farraj
Does Number of Days on MLS affect your buying decisions?
Hello All,I am a new investor and looking in Upstate NY for my first rental. I am currently working with a broker and she said the below statement that really changed the way I view properties under my search criteria...
Brandt Osborne
Best way to remove a month to month tenant
I just purchased a condo with a month to month renter. She pays on time, no issues with her. But i want to update it and resell it. What is the best way to get her to move out? Raise the rent to a very high rate and e...
Claudia Fernandez
Sample letter?
Where can I find a sample letter to get tenant out of a property I am selling? The tenant is on a month to month lease and the buyer wants his apartment. Closing is the first week in May so we need to move fast.
Colleen F.
Tenant concession for generator not working, and 2 day storm?
Ok curious what some of you would do in this situation. The building is on well and septic and has a generator for storms that ensures heat, water, and emergency lights, no apartment electric. During Henri we had a...
Peter Walther
Escrow of sale proceeds to fund new construction
I own a SFR in my individual name used for rental purposes. I'd like to sell it and work with a QI to use the funds to construct a new SFR to be rental. Has anyone here done this before and if so, what was your expe...
Michael Breedlove
Section 8 Lease Non Renewal Louisiana
Hey BP! I'm purchasing a 4 plex in Jefferson, La (just outside of new orleans) and all 4 units are currently occupied. Two of the units are on month to month leases. I will need to occupy one of these units once we c...