We closed on our first rental property this morning. We are purchasing this through seller financing. The tenants that are currently in the property owe the previous landlord approximately $2600 in back rent over th...
Please guide me on how to do this deal. Thank you in advance.1. Brother buys an ugly empty fourplex for $150k, then adds another $50k to fix it up.2. 6 months later, property is now fully leased at $3k in gross monthl...
Looking at a Lease option to purchase and will rent out to my tenant. Anyone have experience with these types of transactions? Option fee is 10,000 for 125,000 purchase. What is typical length, does payment apply t...
Hi everyone! Last year, my husband and I became landlords by default when we moved out of our primary home on the Central Coast of California to the Bay Area for job relocation. It worked out nicely however as we ha...
In the ongoing saga of potential tenant eviction in Virginia I've run across something I'm unsure about. I understand the lawsuit must stop if the tenant pays everything that's listed on the unlawful detainer summons,...
I have been working on purchasing a property for 6+ months which has been stuck in foreclosure limbo for 2½ years. The owners are deceased and the heirs wanted no part of it. They actually signed affidavits with the b...
I have a potential buyer for 13 class A units. The deal would be all cash and I don't plan on reinvesting. If you had the opportunity to go all cash and give up a 6+ figure income, would you? The units are fairly new ...
Hey all,Question 1:Looking for some help with this. I'm not a super savvy business guy. I've been looking into getting into real estate investing for a while, and I think I found my first purchase. I plan to work for ...
Hey all, looking for some advice/possible inputs here. I’m a real estate agent in the Mid-Michigan area that’s finally looking to start investing in 2023. I found 2 potential great deals and wanted to get some input t...
I am looking into an option for financing properties I plan to rehab, refinance and hold/lease. I'm short on funds and trying to find if it makes sense to use my 401k to help fill some gaps on capital with the plan t...