Oscar Martins
Building department doesnt like it when i do my own repairs
Went to the building dept in my town today, I have some electrical work that needs to be completed in order to get a clean certificate of occupancy, anyway they said that i needed a licensed electrician to do all of ...
Ryan List
Considering Buying My Tenant a Lawnmower
So i've lived in a duplex that I had purchased 4 years ago. I've had the same tennant renting the other side during this entire period. The entire time I've taken care of all of the grass cutting maintenance on the en...
Derek Steinmetz
FHA Owner Occupancy Requirements - Less than One Year
In July, I moved into a 2 family that we purchased using FHA financing. We are now interested in moving to another area of town. I know you are supposed to owner occupy FHA properties for one year, but I am having ...
Michael Wentzel
What happens when my portfolio lender says, "No more loans."
I've been working with a regional bank for about a year and half. I have one property on a 30-year fixed with Fannie Mae. Then I've done three more properties on portfolio loans with the branch president of this regio...
Jimmy Lieu
How do I know if a repair would increase rental value?
How do I know if fixing a cosmetic issue or doing a specific rehab would increase the rental value of a property?For example, after I close a property, I will be fixing everything on the inspection list. However, insp...
Michael Ramos
Rent to Retirement Property Management Opinions
Hello Everyone,I am looking for opinions or stories/experiences that any of you have had with the Property Management services of RENT to RETIREMENT.I am seriously considering using them to purchase my first long dist...
Joseph Delarosa
Commercial Property in the middle of down town
I've come across a property that has some amazing potential at a great price. Property is located in the middle of down town. Prime location of this area. It currently is zoned C3 and there are two non-profit business...
Shawn Peden
How do we handle this situation
So we have purchased a property that we feel will turn out to be a great deal, basically purchased for the back oweing taxes. Here is our first problem though, it's occupied by a "tenant" that supposedly had a verbal ...
Ezgi T
Subject-to
Question: I'm new to subject-to and a little confused about what happens exactly when a bank does have a "loan due" clause and they do find out that the deed is in my name and ask for the loan payment. Say I can't ...
William F.
Multifamily Cold Calls
Help!!
I've made almost 1000 cold calls in the past 2-3 months, all to unlisted multifamily owners. Finding numbers is time-consuming - it's a real job.
Most folks just aren't interested in talking.
I've put in m...