The property management company I work with in Michigan wants to charge me $250 for a renewal of a lease. I have two other PMs in another State and they don't even charge me for this. Is this common? It's just resigni...
Recently closed on residential with rate of 3.5%. I know investment properties run higher rates but is 5.75% a bit too high or that’s typical? This will be my first purchase of actual investment property. Thanks!
When I got home last night I opened the mail and, like most other nights, received several credit card applications. Here are two of them:I have successfully used credit cards such as these in the past to buy real es...
I've sent out 2 months of direct mail to absentee owners with parameters such as >50% equity >2bdrms, etc. I've sent out 2250 letters and post cards and gotten 57 responses. That's a 2.5% response rate. I ha...
I've been trying to find creative ways to finance a deal that I am analyzing and haven't been able to find an answer to this question: Can I use a HML to cover the rehab. costs of a flip and down payment on a house, w...
I have a 2 unit under contract, the current owner told me tonight that the current tenants are month to month, but never signed a lease or gave security deposits. They haven't been late on any payments, but they are e...
What's everyone's opinion on buying a condo for their first rental property? I kind of feel it's a nice way to get my feet wet and like the low maintenance aspect. Love to hear your opinions.
Thanks
Phil
I'm just getting starting in real estate investing, have one property that nets roughly $2k every month. The tax shelter is one of the things I like about real estate (since I have a day job as well). And before goi...
Hi everyone,Asking for some advice on specific condo/townhouse communities you are aware of in Coppell/Plano/Frisco ISD which have units priced at <$200K (preferably <$150K) and would attract higher-quality tena...
Evening everyone, I hope this won't be a very long post but please bear with me. I already introduced my self in the new introductions area so I'll just get right to it.
One of my buddies from college and I ...