Michael Baradell
Mobile Home Park comparison - Lot rents and Allowing RVs
Hey Guys,I am looking at a park and am in the middle of due diligence. I've called a few nearby parks and the lot rents have brought up a red flag that I would like some input on. Park I am targeting 55 Spaces (MH's o...
Kenneth Goldman
Buy and Hold Deal Analysis
I was recently approached by a wholesaler with the following facts for a 2 unit home in Hammond Indiana. I did an analysis and seem to come out with negative operating income but want to check my analysis since I ...
Jared Olson
New member saying "hello" ...and seeking wisdom
Hey BP crew!
First I wanted to briefly introduce myself, and bore you with some noobie questions :)
My name is Jared, I graduated college last year, and have been working a professional job as a VOIP t...
Bill Gulley
How NOT to Evict Tenants
This should be fun.
Just read a question asking if the LL could turn off the utilities.....hmmm :)
Well, no.
I recall a public housing director in a small town who told a tenant that the front door had to be repa...
Peggy Liu
Trying to refinance but keep getting declined
Here's my situation.. I have a 1/1 condo out in Austin that I am trying to refinance with cashout to renovate my unit. If I can renovate, I can get a higher rental income, thus cashflow.
I have a first mortg...
Jonna Weber
Income Requirements for Tenants
Hi BP experienced Landlords - What are your typical income requirements from tenants? I historically have required a tenant's gross income to be at least 3 times the monthly rent, but I'd like to know if there is any...
Mervin James
Tenant retaliating by shutting off power in breaker box
Hello BiggerPockets community. I own a duplex and live downstairs. For a variety of reasons, I am wary of the upstairs tenants shutting off power to the property using the breaker box in their unit. What can be done i...
Josh Borg
Struggles of renting with poor credit history
I recently received a great promotion and relocation offer from my company. My salary is doubling, I'm moving to a state with no state income tax, and the cost of living is only slightly higher than my current town. T...
Brian Ellison
Commercial Strip Mall: What Am I Missing?
Hello! Here's the deal: I found a strip mall listed for $900k, 4-unit (fully-leased). Looking to approach the seller with a rent-to-buy option or seller financing at a 10% APR. List Price: $900,000Tenant 1: Chiropract...
Collin Bryston Adams
Section 8 can make or break this deal!!!!!
A new property I am looking at in DFW really excites me!
There are no rent comps for it and only 2 home comps to compare asking price with, we have nothing to go off of.
The best rent I can come up with for this p...