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Need some advice. I'm looking at a 12 unit property that IMHO is overpriced because it breaks even ($0 cash flow) after all expenses and debt service (1.0 DSCR). Cap rate is 5.8% which doesn't seem too bad. I'm try...
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I have been offered ( by a CPA and Legal Buffet ) a reestructuring of my business with LLCs in Wyoming as they apparently offer the best asset protection as you can have a Nominee manager The scheme sounded great but ...
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Hi Everyone, long time lurker, first time poster. I recently purchased a 6 bedroom/2200 sq ft. house near a small university in our town. The contractor that bought renovated it himself with the thought of putting co...
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We are in great state of Pennsylvania and have tenants who have been renting from us for 2+ years. When they initially rented from us, they rented an apartment in a property that I personally owned. Now they are renti...
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just got an email from williampaid. "We regret to inform you that after 5 years, WilliamPaid will be no longer processing rent payments.If you are an existing user of our service, we will stop processing new payments ...
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I've converted to being a pet friendly landlord. It seems over the past few years that 75% of the applicants have pets so it makes sense to do so. Conversion of flooring to accommodate this is expensive and I charge...
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Hi everyone,I have heard mixed opinions on this topic and I would love some input from all of you. One of my tenants is a licensed electrician and is willing and able to do some small jobs for me around my new rental...
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I get the question about seller financing quite a bit from new investors (I want to buy a deal 25% below FMV in Milwaukee and with seller financing... ahm, okay, let's talk about that). Found this chart and to me this...
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Well, my first thread is and continues to be a success. I made it with the intention of educating prospective buyers on REI Nation/Memphis Invest. I am not affiliated with this company in any way - I wish i was so the...
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Hello everyone, I'm sort of new in buying multi-unit properties. My client is looking to widen his portfolio in real estate and love the idea of multi-unit, considering that he will just rent out the units and not sta...