Last summer we purchased a 7 unit commercial building for just $36,100. The 3 upstairs units were set up as residential, with the lower 3 units and the 1 street level unit as commercial. Only 3 of the units were rented out at the time of purchase, with this being …
3 years ago we made our largest real estate investment and purchased a 6 unit apartment building for $171,000. Since we bought it we have stabilized the property through rehabbing all of the units and making major upgrades to the building. Status At Start: When we purchased it 5 of the …
I have been valuing my rental portfolio wrong for years. As someone who consistently researches and analyzes personal finance information, I was dumbfounded when I realized that I was valuing my rental properties wrong. With my rental properties I pay attention to 2 numbers: total cash flow and cash on …
Recently I published an article about Why Landlord’s charge large late fees. All states have different regulations on how much of a late fee can be charged and when. In Michigan, it is effectively up to the judge, adding drama and uncertainty to eviction hearings. Here is how I learned …