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There is an opportunity to partner with a few others to purchase a 24 unit apt building but all the units are studios. Does anyone have any experience with these types of building? Is there a high turnover of tenants...
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My name is Hamp Lee III from San Angelo, TX. I’m currently serving in the United States Air Force as a First Sergeant (since January 1995). I’ll be moving to the Gulfport/Biloxi, Mississippi area in the summer and I’...
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My tenant just let me know they accepted a new job in another town and will therefore be leaving us. They've been good tenants. However, their move will occur in Oct driving us to seek new tenants in a tough part of ...
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I'm looking for a template or sample of a private money loan agreement. I have already discussed the rate and the time frame...I was just wanting something official and professional to start with before I draw it up.
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How do I do my due diligence on notes so I know how much to buy it for? and what my Yield will be?
I tried plugging in some numbers to a financial calculator from an example of someone elses deal and did not ...
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We are currently rehabbing a duplex that has no washer/dryer hookups. There are closets near the plumbing that we can use and I got a quote of about $900 to run plumbing and electric. We already have the drywall down...
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Hello!My name is Christopher Powers and I'm looking to get into REI and am looking to start with a multifamily property and I would live in one of the units. I'm wondering what kind of color schemes you guys use for t...
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Recently purchased 3 properties, 4 units with inherited tenants. The tenants are all on month to month leases. Was wondering what is the best route on going and what documents I should provide when approaching the i...
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This may seem like a naive/juvenile question to someone of experience, and I'm new so here it goes.
What positive/negative sides are there to having a lender who isn't local to the area I'm looking to purchase?Does i...
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I have basic question that I'm still unclear on. I'm looking to sell my first SFH, which I've owned and rented for 17 years, for a profit. I'm unsure of the tax liability/taxable gain due after the sell. This will det...