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We have a young single woman who is a tenant in one of our properties who moved in fall 2012. She's a nice tenant and responsible. There was an incident a few nights ago when a big fight broke out on the street in fro...
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I have 23 single family homes being management. The terms are pretty standard - 10% monthly rents - 1st months rent on new lease - $200 renewal.Most of what they do is fine but they are not on top of tenants as much a...
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As has been discussed quite heavily on these forums, as investors, we look to 'gross' 2%+ of the purchase price and expect 50% of the rent to pay for all expenses except the financing.
Do any of you 'fudge' on these ...
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I'm closing on my 3rd property, a 1600 sq ft SFH built in 1975. The numbers originally looked great for the growing Charleston SC market, but my repair costs are quickly adding up. Since it is not earning much as a f...
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Hey All,So I was out for a run the other day when I passed a house FSBO that I've passed probably more then a dozen times but finally decided to call. It's an estate sale, and the seller was very short with me on the ...
Here is an article by Don Layton: Senior Industry Fellow at Joint Center for Housing Studies of Harvard University: "The extraordinary and unexpected pandemic increase in house prices: causes and implications" Click h...
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I am looking to purchase a 16 Unit Apt Bldg. at a price of $360,000. The property is decent condition but has the usual BS deferred maintence from the owner not keeping it up to date and making improvements. I estima...
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I recently bought a duplex with some fairly expensive deferred maintenance issues. None of the issues are of an immediate nature and I purchased knowing these projects needed to be done within 5 years. I'd like t...
I just received an email from my accountant that basically stated the IRS has made some sort of change that will require investors to file a Form 3115 or they may be subject to a higher taxable income due to less dedu...
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I am looking to start investing in multifamily properties. I have set up my proforma spreadsheet and I am pretty sure the calculations are correct. When I evaluate properties what are all the expenses associated wit...