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12 April 2024 | 5 replies
Also, there is no visible mold and no mold smell in the basement (there is a little on the caulking beneath a single pane picture window upstairs which I'll deal with).That didn't sit too well with the tenants as they have been looking online and finding information about how dangerous it might be, and it didn't help that the first report that I had done the inspector attached a boilerplate message recommending a full HVAC cleaning (ducting is 1 year old) HEPA vacuum, air scrubbers, double washing everything in the unit with bleach, etc. so now the tenants are being fairly combative and insisting that more needs to be done.
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12 April 2024 | 0 replies
I would definitely hire a management company if I plan to rent the property.Back up plan is to stay there two years, sell the property and avoid paying taxes.Fellow BiggerPockets community, I would love some advice on evaluating whether I should flip the property to reinvest in a bigger home or multifamily unit or rent the property with a management company?
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11 April 2024 | 9 replies
Would like to pick up a 2-4 unit complex for under $700k.
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11 April 2024 | 4 replies
If you are in a condo building look at Section 718.110(13), Florida Statutes, provides as follows: “An amendment prohibiting unit owners from renting their units or altering the duration of the rental term or specifying or limiting the number of times unit owners are entitled to rent their units during a specified period applies only to unit owners who consent to the amendment and unit owners who acquire title to their units after the effective date of that amendment.”
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11 April 2024 | 6 replies
Is it better to invest in one 3-4 unit multi family first or 2-3 cheaper single family homes?
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12 April 2024 | 27 replies
If you can house hack, you could buy a 2 to 4 unit, live in one of the units and rent out the others.
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11 April 2024 | 9 replies
If you want to value add you are better off with a structurally sound unit that is priced low and you can rebuild from the ground up front loading the risk.
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11 April 2024 | 2 replies
Focus on being sure they feel safe in the unit and in the neighborhood.
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11 April 2024 | 5 replies
I received a quote from a broke that mentioned it will be ~$30k/unit (seems high), which should include adding washer and dryer units to the apartment.
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11 April 2024 | 4 replies
Good evening all.Recently purchased a multi-unit in Hastings, MN and inherited all 12 tenants.