Because of recent rain storms and older units I am in need of some repair work on a couple of units. I contacted a GC that I found on a neighborhood website. He had a few positive reviews on Yelp. He’s on Houzz, also....
After a few strike outs, I've finally found a realtor who is young, but already working with other investors, really responsive, and actually has a passion for real estate. We've run into a situation where the listing...
Tax season is upon us, I'm in need of some advice regarding cost segregation for next years planning. My husband and I are real estate investors in MN with 70+ units that are long term buy and hold properties. We ar...
Hello Readers
I have come across a potential deal & was wondering if anybody could help me with this please? The homeowner seems very keen to work with me & I would love to be able to offer him a solution th...
I love the theory behind a subject to deal, however i'm curious how some of you guys handle the potential drawbacks of the deal.I'm not very worried about the due on sale clause, it seems that this happens so rarely t...
Hello! I'm looking at an interesting investment, but I need your advice on how to seal the deal.I'm talking to an elderly gentleman in his 70s, who still manages 100+ units(!!). He wants to make me a "sweet-heart of a...
Hi -I'm an investor & new partner working on a $1M+ deal with a syndicator / sponsor. Here's how the deal is being put together:- Property ownership: Syndicator ~80%, rest split among investors depending on amount...
Unlicensed uninsured tree trimmers the landlord hired, downed limbs on house power line causing huge power surges. Landlord did not notify Oncor before the work started.Tenant notified landlord when the limbs came dow...
Hope everyone on here is having a great 2020 so far! This’ll be a lot to take in, but please share your advice.PP- $18,500Repair- $30k (includes all fees and holding cost)ARV- $88kI’ve been plotting to buy this proper...
Long post warning....New landlord here, my first tenants (mom/daughter) moved in Oct 2018. Daughter is 63 and Mom is 85. Mom had just enough income to qualify for 3x rent and good credit. Daughter had bad credit and...