Alex Silang
Renovation/furnishing costs of an STR
So I've heard this can run you a lot - around $30,000 for the average sized home of $400,000 in the area I'm looking at. So that means if my downpayment is $80,000, $30,000 is really going to affect things:1) Capital ...
John Collins
Has anyone ever gone through with a foundation fix?
This has been the biggest red flag with under market properties that you wonder ... well, why can they be had at a certain price, and everyone avoids them because of how costly and risky foundation fixes are.My questi...
David Roberts
Rental Inspections (City)
I'm looking at buying a home in Brownstown Township. I have 1 rental that was my primary and converted into a rental when I moved in December 2010. Apparently Woodhaven instituted a certificate of occupancy in April...
Andrew Brown
Let’s talk about Home Warranty!
Hey Everyone, I’ve read a few posts where people have mentioned various things they had to fix for their rentals, including appliances and I wanted to offer my two cents. If you are a landlord, I would HIGHLY recommen...
Carlos Rodrigues
Advice on Underground Oil Tank filled with Sand
Goof afternoon BP, I have a deal that come to me but I have one concern. I'm planning to put a offer on this one multi in my area, Kearny NJ. I do have a concern with a underground tank filled with sand. What should I...
Chris Hughes
How to tell tenant they are losing deposit...
Hey all! Been a while since I posted on here but I did have a quick question...My tenant has neglected some routine maintenance on the home I rent to them (has not been changing the A/C filter) and this has directly ...
Andrew Tucker
Fraudulent sellers disclosure
The seller lied on a sellers disclosure regarding water in the basement which resulted in toxic mold exposure and huge health issues for my family. We viewed and purchased the property while it was winterized. The bas...
Ken Latchers
Your Opinion on Closing Laundry Room & Billing for Water
I am about to close on a newer 6 family. It is fully rented, but was not managed well either financially (less than 1 month security, very high water/laundry bills, etc.) or contract-wise (simple 1-page contract). O...
Saim Chaudhry
Lease option assignments
Hey all,
I have been looking into lease option assignments lately. It seems like an awesome, and profitable concept. I have a lot more research to do. Does anyone have any recommendations of podcasts, books, ...
Freddy Pettiford
Help analyzing this Renatal property
Hey Everybody,I'm here in Fayetteville NC, Looking at a potential property that I would like to turn into my first rental property! This is my first time trying to analyze an actual property so here are my numbers.Pur...