I'm looking at 40 units that's split into 4 buildings. I'm doing the do diligence now. HVAC is older (80's), some of the units have been "spruced up" as a tenant moves. There are 6 empty units, all units are 2/1.5. Ab...
Hi BP,I'm working on another deal and was wondering what you all thought as experienced investors.It's an SFR in a C class neighborhood. It has 4 beds and 1.5 baths about 1670 sq. Ft.Asking price is $35,000, but hopi...
I have a tenant that is 6 months into a 1 year lease and has joined the military. They will be leaving for basic training that will last up to 10 weeks and would like to keep the apartment. How would you best handle ...
I have come across a property - new construction, 4 beds, 2.5 baths $285K. With 25% down, 3.5% interest rate, 30 year term - my monthly mortgage including taxes ($500) insurance ($60) and HOA ($35) is around $1,500. P...
I understand that we are supposed to keep all tax records for as long as we hold a rental property, technically.....What if I have a property for 10+ years and still holding it? Should I really keep all these years o...
Hi,
I own a Mobile Home in which I was offering a Lease Purchase to the tenant. She was on a 10 year Lease Purchase plan. I actually just purchased it in Dec 18’ and we signed a new contract for the remainder of th...
I'm looking to get into my first apartment acquisition hopefully 5-10 units to start. What is the best route for financing with a small downpayment (10-15k,) but very high credit score?
Hello,I am currently 40 yrs old and want to retire by 45. I have 3 homes paid off (400k, 200k, and 110k in value) and will I will buy another before I retire in 5 yrs. I have zero bills (cars, cc, student loans etc....
Thirty years ago, my mom and dad purchased a 30 acre piece of land in Huffman, TX with my 2 cousins. They paid $40K for it total. My parents put down the $20K and my cousins paid off the rest in payments.The title/dee...
Seeking info/advice around making an offer on my first investment property....I'm working to get an offer accepted on my first investment property (BRRR on a triplex on a double lot in my local market). The seller are...