New year, new laws (Senate bills 205, 206 & 207).Effective January 2, 2025, Michigan landlords can no longer consider a tenant's source of income when screening them. (income = 3 x monthly rent, Debt-To-Income, et...
There are a lot of discussions on the site about starting out, but I find that those discussions where people share the challenges they went through on difficult deals are the best to learn from.
So . . .
What Was Y...
I have a tenant who has just moved in. Her application was great, work history was great, and she is a single gal with no pets or kids. She is looking to stay somewhere for years as she is sick of moving... Awesome! H...
Based on comps look like it is valued between 450-480K.I’m getting it for 355K but it needs roughly about 15-35K in work (15K on the low end, 35K on the high end if I fix the optional stuff and it costs more than esti...
Just under a month ago, I closed on a 4plex in (East) Oakland, CA in the San Francisco Bay Area. It was a HomePath property that had been on the market for just over 6 months, and was able to squeeze in with a convent...
I am 22 and just purchased my first rental property, a $390k Duplex right out of Philadelphia in Montgomery County. It will also be my primary residence for the next year or more. The seller purchased the property as...
Newbie here and here's the 411 on this deal. My cousin rents a house in Albuquerque that I stay at whenever I'm in town. He finishes law school in May at which time his lease ends (unfortunately he's not gonna be a re...
Follow my journey tracking progress on multi family #5. This thread will discuss the steps I have/will take to make my most recent real estate acquisition successful.
Let me get you up to speed. Here's what's happen...
Some facts first
Just bought a 6plex apartment complex
Ordered 23 new windows and planned to install ourselves with some help from friends
Went to local landlord meeting and met other landlords and fire marshal, bui...
Real estate for me is always filled with new problem-solving opportunities. I do not think this topic has been discussed here on BP so let me throw it out there - lets talk about finding the buried bodies.
Let me ta...