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I put in an offer for a Fourplex in Orange County, NY (Upstate NY). Sell price $300,000, Taxes $8900, Rents are $950, $950, $750, I would occupy the 4th unit ($950)Utilities are separate.. no idea what the costs are. ...
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I have came across a foreclosure deal with an opening bid of 20k with a recent assessment value of 120k for the property. With that being said I have done some research on the pros and cons of purchasing foreclosures ...
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Hello, we are closing on a duplex very soon and there is a tenant in one side that we would like to give notice to vacate to. They are month to month so we can give a 30 day notice. They also have done significant d...
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How do you guys track rental income from your properties? More specifically, do you put it into a bank account (savings or checking) that is specifically for your rentals? What are the disadvantages/ advantages. I onl...
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So I closed on a property today and when my agent went over to the property afterwards the tenant showed to the kitchen where the ceiling was wet. The tenant explained that it had started about a month ago, but nothi...
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Just wanted to drop a quick line and introduce myself. My name is Colleen. I'm brand spanking new to the Bigger Pockets community. I'm looking forward to learning with you and from you. I'm just getting started in wha...
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Im looking at a triplex as my next investment and am just looking for some second opinions:
3 units - 1 - 2 BR, and 2 - 1 Bedrooms.
Current rents are $700, $400, and $375.
(The two lowball amounts should be $600 &...
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Hey all,I'm a bit newer to bigger pockets as an active member and I had a question concerning retirement plans and leverage. If a retirement plan owns a rental property (say 5+ units) - leveraged with a non recourse l...
Hello All,
Daryl Frazier from Central Texas here. I would love to have feedback, opinions, different strategies, etc. on a deal I'm currently working:
SFR
purchase price is $85,000
ARV is coming back @ $115,000
an...
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I have a tenant that has been in place for a year and a half. They have never missed a payment, but circumstances have changed in the past few months and I'm know that it's getting harder for them to pay rent. They ...