Geoffrey Jones
How should I structure this MLS deal.
Owner wants to get out of subject property.Owner signs a P&S agreement with me for 160,000 but is still flexible on priceOwner owes 181,000 to his mortgage.Property is worth 210,000 ARV I have 3 comps in the same ...
Xiuyuan W.
What could be your financing strategy for net lease commercials?
I noticed that most of commercial lender would only provide a financing term that shorter than lease term for single tenant property, so owner will have to seek refinance/resell at a time when the initial lease would ...
Andre M.
Questions from a new guy (regarding 2% rule, foreclosures, and taxes)
(I moved this from another area, so hopefully a moderator can terminate it from the wrong board, since I am not sure how to)Hey folks! What a great site and community. I have been doing a lot of studying, and I have...
Napat Wan
How to scale in an expensive market and DTI issue?
Hello my fellow biggerpocket members,I live in a rather expensive area, Portland, OR in particular, where 1% rule or even a positive cash flow are not possible. I wonder what strategies people in these areas use? Espe...
Scott W.
should I keep or sell?
my wife moved in with me after we got married 4 years ago. She had a condo she put 3.5% down in 2004. we have managed to raise the rent $25/month each year to now being $975. our PITI (including $90 in PMI) + associat...
Aidan Mulligan
Pros and Cons of Section 8?
Hey everyone,I know what section 8 is and I know some landlords prefer not to rent to section 8 tenants. Beside the obvious that lower income tenants are a higher risk for damaging your property, what are some of the ...
Dave Rav
Vacation rental - near the water
Hi BP network! I'm considering investing in a 3BR property (home) near the coast. However, it's not directly waterfront. It's approximately 12 minute drive to the beach, and 4 minute drive to the river/marsh. We'r...
Anthony Calek
Do you still sign one year + leases for apartments? I don't.
Even before the pandemic (2019) my strategie had changed, I stopped offering year leases and instead only offer at-will leases to residential tenants. Fast forward to the pandemic and the entirety of our portfolio of ...
Oke Tammik
Foreclosures increase? How?
Folks, I'm a bit confused on the latest foreclosure news, reporting that there was a 21% increase in foreclosures, MoM, in October 2020. I thought that there was a moratorium on foreclosures due to the CARES act? The ...
Marcia Maynard
Telling a tenant "It's over." What do you do?
I'm always looking for good ideas. How do you tell a tenant their tenancy is coming to an end when they are in self denial about the gravity of the situation? Here are some things I've done to send the message "it's o...