Rental and Cashflow Property - Management, Strategies and More

Hello,

I came across an opportunity for my 1st deal!!

A friend of mine recently bought a duplex. However, he has been too busy to get it ready and get tenants in place. He bought it for $40,000 (I believe it was appraised for $49,000) and his offer was for me to buy it (I think he mentioned 'land contract') for $45,000... no money down and payments of $400 a month. Together the cash flow would be $800; Therefore, I would receive $400 passive income.

Many of you might have rental properties in areas where your tenants either walk or take public transpoortation to get around town. Is your property in a good location for these people? First off, you must know who your tenants are and what they need?

When you are considering buying a rental property either with renters in place or buying a property to place renters into, you should make sure you have a firm understanding of current rental market. If you see that there are a lot of concessions and incentives being offered, it should be an indicator that the vacancy rate might be high and the rental amounts a bit lower than they were.

There are a lot of different factors that come into play when vacancy rates increase. In our current economy we have a few factors contributing to the increase in vacancy rates in most areas nation wide.

What's driving the vacancy rates? Several things:

Long-term unemployment continues, people are moving in with families and friends;
Younger workers are living with their parents while they look for jobs;
Older buildings face heavy competition from new construction, which includes both new rental apartments and condo units that did not sell and were converted to rentals.

hi all, i was wondering can you buy a property and rent it with little or no money upfront?

There are a lot of factors affecting commercial property values and laon defaults. During the boom, commercial property was a lot easier to finance as well as selling for a lot more than they can today, thus, commercial loan borrowers are just as upside down as any residential property owner, because their property is worth less in this market.

I'm considering buying 3 duplexes with two other partners. The three of us are all good friends. The property is selling for 150,000 and one person is giving the his 50,000 as the down payment. Me and the other guy are going to finance the other 100,000. All six units are already rented out and the property generates 2200 a month. that's plenty to cover our costs and still pocket money.

One of the obstacles of banked owned commercial properties is that some of them are vacant and they do not have financials for these properties, so you are a bit more in the dark on whether this proeprty will produce an income, sustain an income, what that income will be, and how you will make your first mortgage payment.

How does the whole free heat works,is there hidden charges how would i benefit from giving my tenant free heat. Would i get some form of tax reduct if i do is there a process that is used to give free heat and still benefit.

What are the steps on getting credit in your companies name and are you able to purchase multiple rental properties at the same time if approved. New at this just tryig to understand the business your info is appreciated.