John Cho
Questions about DTI
Need some advice and some basic questions about maxing out conventional financing before resorting to commercial financing/DSCR loans for STR. Im trying to figure out how much I can afford on my next acquisition bas...
Lior Rozhansky
Analysis of Quincy, MA: Multi-Family and Rental Market Dynamics
Hi BP,Over the last number of months, I have been aggregating data and analyzing the Quincy, MA (south of Boston) multi family market. Here are the big trends I have uncovered. Quincy Areas-From driving around and stu...
John Christodoulakis
House age. Does it matter?
Should the age of a home worry a real estate investor? Specifically a rental investor? I am looking at obtaining my second rental property and in my area a lot of the homes are old. 60-70 years or even more. Should I ...
Mike Oconnell
Would you rent to a tenant who's income is paid "under the table"
Would you consider a tenant applicant who supposedly has great rental history, great work references, etc., but works for himself and gets paid in cash, "under the table"?This is a red flag for me as I assume if he bl...
Trevor Haasch
Hotel Conversion
I have been approached with a deal to purchase an older vacant hotel. There are currently 6 apartments 22 hotel rooms and a 3 bedroom house on site. Purchase price would be 150k and needs about 200k in improvements. S...
Mike C.
How To Prevent Adverse Possession Claim
We bought a SFR on .6 acre. From the previous owner we obtained a plat that is quite detailed but does not seem to have been recorded as when I went to the county records office there was no plat found recorded for ou...
Dustin N.
Too strict on Income Verification for screening process?
Hi all,Wanted to get opinions on if the screening process I did was too intensive and made me lose out on a potential tenant.Stats: SFH, 4/2, good condition home, in good neighborhood right next to university, about 1...
Ashley Wolfe
Buying our First Rental Property
I'm looking for a bit of deal analysis but more encouragement that moving forward is the right thing. In the last week, some people close to me have said, "Wait another 12-18 months before buying a house. There's go...
Ariana Jones
Interest Rate Hike Decreased My CoC Return, DSCR. Should I Back Out?
I've been looking for an investment property for about 2 months now in a vacation area that is about 3hrs away from my city. It's overall a good area for STRs. I found a house that I think has potential - AirDNA is es...
Scott Christopher
Townhouse Development Cost - S. Seattle
I've got a 22,000 SF property in S. Seattle / Skyway with existing rental. Options to develop it include a 14 unit apt building, or 8 townhomes, or simply put 4 townhomes behind existing home. The property is relati...