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I am looking to purchase a 4-plex and asked to see the leases. At best the current owner is very sloppy, or worse he is trying to pull something because the rents are higher than average for the area. Each lease has...
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I have the opportunity to buy 12 SFR in a C and D class area. The gentleman is getting out of the business and is offering owner financing. All of them would get 300 dollars a month back after PITI. I would need 18k f...
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From a legal liability standpoint, should I be concerned about rent parity among tenants in the same property? I have 14 units with inherited tenants. The previous landlord was wildly inconsistent in terms of raising ...
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Hello beautiful people of BP KC,I'm getting an apartment worked on now. Frankly not sure I got the right guy(s), but that's a different story altogether and not about price. I got several quotes for a 2 bed, 2 bath ap...
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I recently had a client who put in offers every weekend for a month and just got terribly burned out and ended up quitting. As a noob in the business I am wondering what all the pros out there would do to try and pre...
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Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $512,000
Cash invested: $40,000
4-unit building. 50% ownership with a partner. Bought 100% occupied with rel...
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This post is a year late, but my wife and I learned a few things on the purchase of our second 4-unit (what we learned from our first one here).
1. Appraisals: what attracted us to the property was that it was down ...
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There is a niche in the hard money lending market. Most large hard money lenders leverage their loans with a line of credit from a bank. However, smaller scale lenders (less than $3,000,000 in loan tape) don't have ac...
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I’m a new landlord and would like to know what people are using. Is there an app: -That will generate a lease and have an option to add/remove clauses -Run background and credit checks -Accept rental payments I want t...
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I currently have 3 rentals, all SFH. I know a real estate agent who also has rentals and he suggested that my next purchase should be a 4 unit building. The problem is that when I look at the MLS for my city there i...