Account Closed
Section 8 tenant question
Hi experts!I recently purchased multiplex in Ohio. One of unit is occupied with section 8 tenant who is paying lower than a market rent (also lower than current section 8 rent). I’d like to confirm the following items...
Kyle Grimm
Two junk cars parked in tenants driveway. Now what?
I have tenants who have 2 cars parked in their driveway that don't move. They have flat tires and look like crap. They drive a mini van that looks and sounds almost as bad. They park it on the street. Is there anythin...
Mark Rustin
What am I looking for when I see a property?!
Hello all!I've been doing research and saving money for months now, and a chance encounter with a Real Estate agent lit a fire under me. I now have an MLS search set up and a loan broker. My prequal is done, and I'm a...
Rony Mueller
Resources for learning DIY
Hey BP Community!One of the most interesting things to me in RE is flipping. But there are some minimum required construction skills when doing a rehab, that an investor should understand, in order to at the very leas...
Tom Smith
Tenant At Will Leave Without 30 Day Notice
Hello, I'm a first time home owner & landlord. I bought a duplex that I owner occupy.My tenant only gave me a 2 week notice. I forgot to include a 30 day notice in the lease but I believe he is required to do so...
Jaiden Olsen
FIRST DEAL: Seller Financed 6-plex in Ogden
I am currently under contract on a seller financed 6-plex in Ogden. The deal is good, and has potential to be great! After down payment, home inspection, warranty, due diligence, closing costs, etc. total initial inve...
James Sun
GA - Tenant Broke Lease and Left Without Paying Rent
Tenant informed me on the 2nd that he would be breaking his lease this month and leaving on the 8th. He also mentioned he would pay Feb. rent at a later date. He sent me a text on the 9th that he moved out and left ...
Swetha Mandava
Analyzing my first deal (help!)
I'm investing in a duplex in Squirrel hill, Pittsburgh, PAOffer price 253kdownpayment 25% = 63.25kMortgage Rate 5% ARM loan with 7/1Current Rent, fully occupied 2125 / monthVacancy Rate 6%Operating Costs 10%Property M...
Luiz Souza
FHA/Wells Fargo - Hold time & Profit
I've been working on this SS for a while now, a fixer upper in a great & desirable area !! I plan not to do any work, maybe cleaning - that's all. Based on what the bank is telling me I believe I have a pretty goo...
Jaiden Olsen
FIRST DEAL: Seller Financed 6-plex in Ogden, UT
Investment Info:
Large multi-family (5+ units) buy & hold investment.
Purchase price: $525,000
Cash invested: $10,500
This is a seller financed 6-plex in downtown Ogden. Property has very little ...