Pixel Rogue
Unique damages from exiting tenant…
30 December 2024 | 5 replies
Glue residue can really be a pita, but a judge probably doesn't think so, but will usually respect hired out repairs.
Eric Miller
Better to have one $600k property at 70% LTV, or four $300k properties at 95% LTV?
27 December 2024 | 13 replies
A roof on the 600K property will cost more than on the 300K property, but you have more roofs to repair on the multiple 300K properties.
Mindy Jensen
Contractors: If I Buy Materials, Do You Still Need a Downpayment?
31 December 2024 | 66 replies
I was surprised to learn that even they, with all of their resources, maintain a limited rolodex of GC's to whom they turn for repair work.
Todd Fry
Small Mobile Home Park Financing
13 December 2024 | 16 replies
I have just over $200K left of owner-financing, but I'd like to obtain a cash-out mortgage/loan of $500K (ideally) to be able to pay off the previous owner and make some repairs, etc.
Brett Riemensnider
Claiming Expenses on SMF During Tax Season
11 December 2024 | 6 replies
Deductible expenses include a proportional share of mortgage interest, property taxes, insurance, utilities, and repairs.
Jake Thorpe
Pulling out equity, HELOC, other stuff
16 December 2024 | 11 replies
And yes, I know people will say "get her in contract if she wants the house and perform repairs" that would be the best scenario except At that point I was completely out of money.
Elliot Rosen
Impact of a bowing foundation on resell value
12 December 2024 | 6 replies
You may need to disclose that you repaired this to buyers and want to include more detailed information about what was done.
Nathaniel Kamp
Advise needed to purchase problem property
17 December 2024 | 4 replies
(I would not specify how much.)If the property needs a ton of repairs, then even buying it subject to the existing mortgage may not be enough to make this a viable deal.You need more info, and fast!
Daniel Reed
Strategies for Transitioning to Multifamily Properties with Positive Cash Flow?
25 December 2024 | 11 replies
If one or more units are vacant, the remaining units often don’t provide enough cash flow to cover expenses, making it harder to meet operating costs.Maintenance costs: A fourplex comes with four times the appliances, plumbing, HVAC systems, and other components to maintain, leading to significantly higher repair and maintenance expenses than single-family homes.If you want to see the detailed calculation, read this BP blog - More Units Doesn’t Mean More Money—Why a Single-Family Home Can Beat a Fourplex.Resale value: Multi-family properties have a limited buyer pool—mainly investors—who base their offers on CAP rates.
Josh Buchanan
Any reviews of RentRedi?
19 January 2025 | 51 replies
A few others have called out Hemlane, who appear also quite responsive here on BP and also offer a degree of repair/work order management baked right into their middle/upper tier offerings (versus having to bolt-on as with RentRedi + Latchel).