Hello, I am in NJ and own a condo rental. Had a terrible tenant for a year that finally moved out. Chronic late payments, bounced checks etc. however ultimately I was made whole and got rent for each month. Prior to l...
It is now public that Mack has filed Chapter 11. Through these forums (via David Ho), I was introduced to a attorney representing creditors. Connect with me and I will pass along what I know.
Hi everyone!My husband and I have been landlords in other cities, but want to invest in NOLA since we live here now. What would you say is the average ROI for a multifamily rental here? Do you usually find your proper...
Hello,I was offered 100% finance 96.5% first loan and 3.5% second loan mortgage for a multifamily the 2nd mortgage for that 3.5% MUST be paid back, but just like the first mortgage, it doesn’t have a PPP and itcould ...
When analyzing a multi-family or apartment is it appropriate and reasonable to ask for documentation on the leasing history and annual/monthly utility cost that is covered by the owner?
Thanks in advance!
I purchased a house in CA in this difficult market. Tied up most of my cash in the house. Issue came up. It seems there is a cockroach problem in the house. I don’t have much equity in the house. So I would lose $ if ...
Hello, I am new to the real estate market. I have been reading books and analyzing deals for about a year now. I finally feel ready to make my first rental purchase. I live in New York, the real estate here is high, w...
I just bought my first home and I’ll be house hacking. I’ve never had a roommate besides my ex-husband which obviously doesn’t count. But I work a lot and am not home much so I think it will be good, especially becaus...
The past couple newsletters have been about my experience in our new normal. All of us are finding ways to adapt. I set out at the beginning of 2020 to acquire 50 rental units. I am still pushing towards that goal. So...
My brothers and I have been wholesaling for 1 year however we want passive income. We have made the decision to go into multi family syndication with the money and experiment we gained after a successful first year. W...