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I have an opportunity to get a SFR for 45k that is in a rough area but newly renovated with new hvac, water heater, and roof. rent should be 750 per month, taxes 650, ins 900. assuming 35% for capex and repairs and 10...
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The lease signed by one of my inherited tenants contains a strict non-smoking policy that includes a clause citing a $200 fee per incident. I hadn't really thought about enforcing this policy until very recently, when...
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I have a 1 bedroom, 1 bath townhome that is only 540 square feet. It's an upstairs unit in a nice community in a good neighborhood. My tenant of the last 10 years just gave notice that she will be moving out to care f...
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I've been a broker for 7 years. I recently moved to a new market where rents are relatively high against low purchase prices. I am tempted to set up an LLC and offer investment opportunities to my clients back in Mass...
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Forgive me if this has been asked before - Can a seller add his own money to the money made at sale of a property to pay off a mortgage balance? Say the balance is 43k and I buy the house for 38k - can't the seller ju...
Hi All!A little background... I have been dreaming of investing in real estate for a few years now. Initially, I want to purchase a home for myself first (currently renting), then look into a condo or small SFH to upd...
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Hi All,I have been running the numbers on a property that I thought may be worthwhile to get more experienced investors' advice / feedback:Property is 2BR 900 sq. ft. in an A-/B+ area in metro Detroit (Plymouth) MI . ...
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Hello fellow investors,I'm about a year and half into investing and have the possible opportunity to acquire owner financing on a very dilapidated 4 bed/3 bath pool house. The owner owes about 167K on the mortgage and...
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New tenant is asking for updates - recessed lighting in all three bedrooms. They already signed their lease and we’ve already took the max on security deposit (in CA). This isn’t a cost we feel we would need to pay fo...