Ok, so I just acquired a 6 unit apartment building in Wisconsin. One of the 6 units had a tenant/manager who was living there free for managing the other 5 apartments and doing maintenance work. I notified the tenant ...
Hey All,I have an interesting deal underway over in PA. The deal is for 1 duplex & 1 triplex next door to each other with the properties currently fully occupied. I have locked in a sale price with the owner to pu...
I am just curious if this is common or if it is being done in a systematic way. I own a decent sized property management company and I thought that this might be a way to generate additional cash flow within my compan...
Hey all,
I'm under contract to purchase a duplex in the Detroit Metro area. I'm looking for a lawyer who has experience with purchases of properties that have existing tenants. Specifically, what amendments will ne...
Hi, thanks in advance for responding.
I'm currently in month 3 of a 12-month lease and would like to get out of it, however, my lease agreement is extremely short and says nothing regarding how to get out of the leas...
I own a property occupied by a section 8 family. The tenant told me there was a leak at the kitchen sink. Water was leaking through the kitchen floor onto the basement floor. I filed an insurance claim right away. Whi...
Unique situation I've never read about. I have an opportunity to pick up a new SFR at about $100K below new market value. I would take the property, and would rent it back to who I'm getting it from for fair market re...
Hi guys, sorry if I am asking a silly question. Its my first time I inherited tenants with a purchase so I am a bit lost...All my other rentals Ive bought with no tenants...Anyway, 1) if I send the tenants my rules an...
Hey all,I would classify myself as a buy and hold investor, of Single Family Homes. The lease is expiring soon on one of my properties. FMV for it is about $120k. I owe about $45k on it. Rent is $1550/month. It cash f...
How would you handle this situation?
I'm Pretty excited right now! I just cold called a seller for the first time who, as it turns out, is a 95 year old D-Day Paratrooper veteran who's recovering from a stroke. I ...