William Graham Bourn
Nightmare Cleveland Flip
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $69,000
Cash invested: $25,000
Sale price: $117,500
THE biggest nightmare of a flip you can ever imagine. From ...
Shiva Pradeep
Sell or hold this house? 5 year no-tax window + reduced ROE
Here are some details of the property (town home) I ownTimeline:Bought: Oct 2013Lived in it (Primary Home): March 2018 (4.5 years)Rented it: March 2018 to Current Some numbers:Original purchase price: $200,000Original...
Ryan Marchand
Professional Deal Analysis - Impact of Prepaids on CCR, Proformas
Situation:We're acquiring properties at a steady rate (2-4 per month) and I'm looking to improve our cash management. The ultimate goal is to reduce the likelihood of capital calls, while at the same time streamlining...
Kristi Patton
To Inspect or Not to Inspect?
So, still working on getting my first deal done and so far, my hubby and I have made 2 offers on buy/hold properties and ended up withdrawing both of them because of foundation issues found during the inspection. It w...
Pavan Sandhu
More people than listed on the lease agreement
One of my rental units is occupied by 2 tenants. At first I was only aware of 1 tenant but later discovered another room mate. The tenant fessed up and apologized a few times. It was my fault I didn't do an inspection...
Mike Gardner
3 Day Notice Form
I am in need to find a three-day notice to put on the door of a tenant. I guess I have been lucky so far.
Sinful to wait so long, I just prefer to suck it up. I was in no hurry to throw someone to the street.
It h...
Justin C.
My closing costs seem waaaay too high, thoughts?
Hi guys,I'm closing on my first property this Friday and just received the closing costs form. Purchase price $17500 in cash- $105 Title search- $100 city engineer fee- $500 attorney fee- $125 agreement papers- $75...
Timothy Woodland
Advice for first time multi-family investor
Hey Everybody,My name is Tim and I recently financed my first multi-family in the Greater Boston area. It is a Triplex of which I will be living in one unit initially (while partially renovating to bring rent up to ma...
Elizabeth D.
Newbie Landlord - Rent Collection Question
Hello - I just found a tenant and will be collecting rent for the first time. What options do you offer your tenants? I'm looking for something reliable without fees. -I'd like to offer both an electronic option vi...
Justine Johnson
Timber value in LTV
Will private/hard money lenders include timber value in the LTV when making a decision?