David Hanor
Ever offer way below asking price?
Looking at a property listed in the $180k range that might rent for $1400 (it was listed for $1200 earlier this year). It's been a rental the past 12 years--is it insulting to offer $140-150k? It's been on the market ...
Chris Pasternak
Raising rent on tenants after purchase of property -- good or bad idea?
Title says it all. The additional details are that the top tenant has been there for 4 years and the bottom tenant has only lived there since August. I was wanting to raise the rent $50-$75 for the top unit (3 be...
Gabe Goudreau
Planning For Unseen Expenses When Investing In Rental Properties
Hello,
I recently listened to Dave Ramsey dissuade a caller from purchasing a multi-family building, and I believe he made several valid points. He said that one of the main issues is that the buyer didn't have the...
Susan W.
SS - How to fight back when Bank asks 20% more after contract signed
The house was listed @ $100k, and I offered $140k. The bank counted to $150k, so I increased my offer to $150k and my cash offer was accepted in June. Contract was signed, both earnest money and fund proof were acce...
John Acklen
Conversation about Vacancy being "Healthy" for an Asset
I was having a conversation the other day with a good friend of mine who is in the development and asset management world about a property I'm interested in purchasing. The property is currently 100% occupied with se...
Chris Heeren
Security Deposit when Evicted
I recently purchased a Triplex that came with tenants, one of which never paid his rent. I finally got him evicted just over a month ago after going 3 months without rent. I took the initial security deposit and k...
Jennifer Streamer
Is 24 hours unreasonable to repair an AC?
we have had a good, but picky, tenant for seven years. He has a lot of requests and most are reasonable. The three year old air conditioning went out today (Sunday). We got in touch with a repair company. They sai...
Christa S Rickard
Should identical properties on same rd have different cap rates?
I know there are a bunch of posts about cap rate and I've read quite a few. However, every time I think I understand, I'll see something in a listing that confuses me. My current interpretation is that a cap rate is s...
Mike Harris
Apartment building down payments
What’s the lowest down payments can you make on a 6 unit apartment building? Either way owner occupied or just an investment property?
Max Toler
new to flipping
Hi guys, I'm new to the boards. Just joined today, but Ive been reading your posts for a couple of years now. I bought my first house to flip in January of 2012. It has been complete and on the market for a year an...