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It is always recommended when purchasing a vacation rental to ensure that it can be used as a long term rental in case regulations are changed. Do beach markets lend themselves to long term rentals? We are considering...
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Hey guys,I wanted to get your input on this or if this is just happening in New Jersey. I noticed my mortgage went up buy $200 from $1900 to $2100. my rent for my property went to $250 so I didn't see it q problem. I...
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I am working on a spreadsheet for deal analysis and I need some input.In my deal (year 1) I have $10,512.00 in income and $8,316.96 in operating expenses. Thus, income less operating expense is $1,195.04. What is th...
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We have a gentleman that is coming from Finland to do some medical research for a year and bringing his wife and perhaps family. They are having their trustee send us our security deposit and signing lease upon arriv...
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I am in the process of selling my ranch home property, and I've found a promising buyer. They're interested in paying 50% of the purchase price in cash and financing the remaining 50% through owner financing over thre...
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I know the topic of umbrella insurance comes up here periodically. I was just out shopping for new auto and umbrella policies, and most insurers won't write a personal umbrella that covers an STR if the underlying po...
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I am in contract now for an apartment complex less than 16 units, built before 1980. During the due diligence period, Seller provides a positive test for asbestos in the joint compound. (previous environmental report...
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Hi Everyone,
My name is Bar, and I am new to real estate want to invest in North Carolina. I Did my research and decided to invest in Charlotte.
My plan is to start out by purchasing SFHs, in a B class (and above) a...
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I'm about to close on our first out of state multi family property. My brother and I have an LLC setup. I'm the one who found the deal, worked with the lenders, found the property manager and will manage the propert...
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You serve them a Pay or Quit Notice, they quit. Lease specifies tenant is responsible for rent until unit is rented. Is tenant still legally responsible for rent until it is rented to next tenant or lease expiry?