Account Closed
Hold or Sell 2 Properties?
Hey All,I'm a new BP member living in San Diego, CA. I'm looking to get some advice on my current situation. I have 2 properties that I bought prior to finding BP and becoming knowledgeable (somewhat) in REI.Property ...
Mario Am
Can't pay loan ag maturity
Hello.I have 2 properties from 2 different hard money lenders that I used to a flip, I am supposed to pay my Lenders maturity in about 2 months.. both loans were 75% of ARV, I fixed them up, properties are in the mark...
Mike Barone
SubTo Deal Advise Needed
Hello BP, I was presented with a local creative financing deal and need some honest advise. This is a subTo deal a wholesaler locked down and is looking for an end buyer. This property is in the same city I live which...
Aly W.
Police broke down my tenant's door - by accident
In 8 years of landlording, I haven't come across this one yet. I got a call from my Sunrise, Florida tenant on Saturday, saying he and his wife are out of state on vacation. Their mother-in-law stopped by that afte...
Will Graham
How to analyze parks with all POH’s?
I’m curious if anyone has good suggestions for evaluating the current value of a park that contains all park owned homes. How do you evaluate what the lot rent would be so that you can arrive at an estimated NOI? Do y...
Carlos Lez
Student rental housemate problem
Dear forumites,I have a house that I rent by rooms to university student. I received an email from one of the housemates"I'd like to meet you. My roommate has made me uncomfortable living here because of things he has...
Justin Frye
The DO'S and the DON'TS of section 8 investing
So I recently just evicted both tenants I have in my duplex and I'm currently in the turning over stage. I've been considering multiple outlets for renting to my new future tenants and came across the possibility of ...
Alex Aronson
What % of gross rents should be allocated to repairs
Hello,
Just finished my taxes for 2008. I noticed that my % of cost from repairs compared to gross rents was 4.7%. I currently budget 10% of gross rents for repairs. IE if rents are $800 a month, I set aside $80 f...
Brian Gallagher
I'm new to real estate not sure what to do
Bought my first rental (5plex) in June. Last week had a tenant (that came with the building) decided he wants to move to Florida with 7 months left in his lease. Asked if someone could take over his lease or be added ...
Johnny Moua
50% rule 1% rule
Do these rules apply as much if you are working a full time job for another source of income? Would you still have cash flow if you just come close to these percentages?