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23 October 2018 | 3 replies
Two things to help you find more people:1) Use the search function on BP and read through old threads.
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16 October 2018 | 11 replies
It's all a function of the value-add. 6 Cap is not a cash flow proposition on the surface unless you can get it up to 8 or 9.
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17 October 2018 | 12 replies
Know your comps and visit them to not only ask what they charge but also to get a feel for the quality of the units, renovation level, curb appeal, functional obsolescence, etc.
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18 October 2018 | 2 replies
BiggerPockets has calculators that you can use to input the project financials and create a one-page PDF report to market your properties to potential investors.There are other paid services that provide similar functionality, but it's hard to say without knowing your investment strategy...
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29 October 2018 | 3 replies
I keep hearing bits and pieces about a rental strategy that is best called "Renting to the Disabled by the Room for Above Market Rent" that goes something like this: (1) Buy a house with as many legal bedrooms as you can that still has a decent sized common area, (2) rent it out to the relatively high functioning disabled crowd, (3) via some [unnamed] Government program the State pays above market rents for each of the tenets. (4) Send a house keeper 1-2 times per week to ensure the place stays clean and otherwise make sure there are no issues.The up side is: you get above market rent with a much higher than average tenant count.
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20 October 2018 | 13 replies
The windows are the double string windows and the frames are a bit gross but are about 95% functional.
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25 October 2018 | 30 replies
They won't lend if the property doesn't have a functioning sewer system.
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18 November 2018 | 5 replies
You and this tenant have definitely started off wrong and functioned poorly for 3 years.Get your own tenant and reclaim your profits.Then see if there is a Landlord Association in your area that you can join and start attending local meetings to get local support and information.We want to see you successful!
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22 October 2018 | 6 replies
Be sute all syatems are FunctIonIng Correctly - Before- You Sign On A Tenant
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28 October 2018 | 47 replies
Watch that the violations you cite in the eviction have to do with the drug use and unauthorized new tenants living there and not due to thespian concerns .c and d class neighborhoods are great places to make cash flow but unfortunately the tenants are usually low functioning “ unIque “ people and I can say that because that’s where I invest