Where's the money in a master lease on the fourplex two doors down?
I own a small triplex and the woman who owns the fourplex two doors down is tired of managing it. She floated leasing the whole building to me for a flat $4,400 a month for three…
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I own a small triplex and the woman who owns the fourplex two doors down is tired of managing it. She floated leasing the whole building to me for a flat $4,400 a month for three…
Found a listing for a 3 bed in a suburb I like. It's advertised as rent-to-own. The numbers in the ad: house "valued at $340,000" $10,000 down $2,300 a month purchase price $365,0…
I have enough down payment for a 6-unit comfortably or a 14-unit if I bring in one partner and keep almost nothing in reserve beyond the required escrows. The 6-unit is mine alone…
I've got about $180k in a Roth that's been sitting with a self-directed custodian since last year, and I finally started pricing a small rental instead of just reading about it. T…
I've got an IRA at a big brokerage and I'm looking at moving part of it to a self-directed custodian to buy a small rental. On the intro call the rep said something that stopped m…
Eleven rooms, three full baths and a half bath on the main floor. Code minimum here is one full bath per five residents, so I am compliant with room to spare, and my plumber has q…
Annual inspection on one of my rentals is scheduled for next week and I've got a conflict. Options are drive an hour each way and meet the inspector at the door, or leave the key…
Converted my third one in February. 1978 split level, 1,640 square feet, bought at 268,000 with 5 percent down owner occupant, rate 6.5. It needed a roof, the panel was a mess, an…
I run management for a handful of scattered SFR owners and one of them just pushed back hard on my fee schedule. He wants 8 percent flat, no leasing fee, no renewal fee, no markup…
First single-family under contract after four years of duplexes, and I'm three days from the inspection deadline with a number I don't like. 3/2 brick ranch, 1,310 sq ft, 1972, de…
Looking at a one bedroom condo in a beach town. Comps on the block show about $180 a night and the listing agent said 60% occupancy is conservative, which pencils to roughly $39k…
Four unit building, I've owned it three years. Unit 3 went vacant last month, a 1 bed I've been getting $1,150 on a year lease. There's a small college and a hospital about a mile…
The rent roll said 91 percent physical. The bank statements said something else. Seller had owned it 22 years, hadn't touched rents since roughly 2016 on maybe a third of the tena…
I do fast, thin deals in houses and I've never touched parking. Two things landed on my desk in the same week and they're pointed in opposite directions. One is a 19-space gravel…
I'm building out a note servicing offering and wraps are the messiest thing on my desk. On a straight seller-financed note the servicer collects from the buyer and remits to the s…
First rental is supposed to close in about six weeks and the seller just changed the shape of the deal on me. Small 3/1 in a working class part of town, asking 245k, I was going t…
Looked at a 140 acre cutover parcel last month where the timber cruise supported maybe half the asking price. The listing didn't hide it either. Frontage on a county road, a creek…
Reading through house agreements people have posted and the cleaning section is where they all get vague. "Residents keep common areas tidy" is doing a lot of work in one sentence…
Reading a co-hosting agreement someone sent me for a two unit in a beach town, and there's a clause structure I want other eyes on. The owner holds title. The co-host entity is na…
Two bed one bath, six blocks from a hospital. Nightly it's been averaging about $3,400 a month gross across the year, with peaks near $4,600. New ordinance sets a 30 consecutive n…