
19 February 2022 | 16 replies
To clarify, those are not wooden 4x4's it is on.

18 February 2022 | 3 replies
From my understanding, wholesaling is one of the easier ways to rack up some cash without putting any of your own money in, in certain circumstances.

4 March 2022 | 11 replies
I spent nearly a week at the time - sick, going back and forth to emergency, and with a catheter and plastic bag attached for nearly two weeks - sanding the wooden floors with an orbital sander and by hand to get it all off.

3 March 2022 | 1 reply
The house is from 1930, wooden , rooms are so small and structure doesn't look good to me.

1 April 2022 | 9 replies
My SFR rental is currently renting for $1500 and it is 4b/2b, 2 story house with almost 1 acre of a lot, wooden deck and 2 garages with room for 3+ cars and the basement is used for a storage unit.

8 June 2022 | 76 replies
Everyone else on your team will be transaction-based and not really involved after a purchase.We're in the Metro Detroit area, so you may want to follow our blog here on BP, but at least read the following posts:How to “Screen a PMC Better than a Tenant”: https://www.biggerpockets.com/member-blogs/3094/91877-how-to-screen-a-pmc-better-than-a-tenant-part-1-services-and-processesIn our experience you will need to:1) Learn to "Maintain to the Neighborhood", not your personal standards2) Tenant-Proof everything you can Hard surface flooring, not carpeting (too easy to trash) Same basic paint for everything No garbage disposals for them to break Only spring-type doorstops also with plate on the wall Glue rubber mats under sinks to prevent water damage Sheet aluminum on walls around stovetops, for easy grease removal Towel racks - screw 1x3 to wall studs, then screw rack to that Install low-profile downspout ext, not aluminum that always disappear Plan on cleaning gutters and leaves up in the fall as tenants won't Avoid garage door openers3) Have a great application screening process: Check credit for evictions & convictions, utility collections Focus on employment/income stability Require bank or debit card statement - you'll be surprised what they spend their money on!

17 March 2022 | 14 replies
Are there mini-split installers in your area that can work up high on your buildings top floors.What about heat and hot water, how will that be handled.Can the buildings existing plumbing and the line(s) to the main street waste line handle the bathrooms and kitchen sinks (1952 lines might be cloggy and an endless source of complaint) have sewer scopes been done to see what they look like.Will you be required to put in fire escapes (as well as other modern fire equipment)--has that been budgeted for.Have you talked about tax abatments yet with the governing authority.Does the area show a shortage of apartments, or will it take a long time to fill units when they turn over.Hows the roof (and the real roof underneath--the wooden one), how many layers of roofing are on it, how many can be on it and still get financing.Does it have some unique history, ie. did Frank Sinatra always stay there, people think its haunted, once owned by the Beatles, etc..Who was the last Hotel Chain to Flag it and why did they shut it down (Legionaries Disease, poor economy, expensive structural issues, etc...)Just my 2 cents.

21 May 2022 | 6 replies
Grills may not be kept or used on the wooden decks.

13 June 2022 | 5 replies
I would be the majority investor 51-75%.For instance:Do investors get access to the property at a flat discounted rate no matter the seasonDo they get no access and pay only rack rateDo they get limited access based on their investment level where the only access is last minute when it hasn't been booked yet?

9 August 2022 | 3 replies
Concrete:Also need a contractor who can either repair broken and rising concrete in the back patio or put a wooden deck on top of it.