Xxavier Odom
Building a team to aquire small multi-family
29 September 2020 | 10 replies
I do have someone that works in our office to help make sure our single water bill is split into the various properties it belongs to and stuff like that, but until I had about 500 or so units, I did all of it myself.I don't want to sound like a d**k, but when I see someone start with "I'm looking to build a team" that's a giant red flag and I can be pretty sure that person if very unlikely to buy.Focus on these three things only at this point:1) How do I get money for my down payment2) Who's going to lend me my ~75% once I have my down payment3) How to find the properties I want to buyThe rest is noise and really just done to make people think they're moving forward towards their goal when they're not
Curt Bixel
Improper gas valve for gas range???
28 September 2020 | 1 reply
I did a little research and I suspect that the issue is not the type of metal but an incorrect valve application. ie, someone may have used a shutoff intended for water and not a gas rated one.They're typically marked in some way.
Robert McAllister
Commercial property conversion to multi-family
23 January 2021 | 13 replies
@Philip Cook If you are thinking of STVR ask yourself in Stevens Point who would want to vacation in one in Stevens Point in a multi family area when they could rent a cabin on water?
Mason Bear
Pictures included - major structural issue or easy fix???
29 September 2020 | 3 replies
Structure shift (at least in my area) typically is caused by poor water management.
Jimmy Chao
what do do about utility theft?
4 October 2020 | 16 replies
I was also going to suggest turning the water off from the inside.
Bridget Battaglini
Renovate a 1948 Home - May Involve Gutting of Interior
30 September 2020 | 3 replies
It is brick exterior with casement window and has water damage beside the windows (interior plaster is flaking/bulging).
Jeanne H.
Historic Tax Credit & Zoning issues- Chi landmarks district reno
29 September 2020 | 3 replies
(For example, upgrading water service or wiring or a new roof for the entire building, a proportionate percentage of that should be a QRE toward the rental unit.)
Tariq B.
Tenant With a Bunch of Cats Paying Under Market. Keep or Not?
30 September 2020 | 6 replies
You remediate the exact problem - mold comes from water leaks/intrusion - and forget about the rest of it.
Shauna Mooney
STVR Beachfront Condo: Opinions/Analysis Wanted!
3 October 2020 | 7 replies
The specific units I'm looking at are 1 BR/1 BA with a water view and poolsCan sleep anywhere from 2-6 with the addition of a pull out couch and a small bunk area for families$220K (Unrenovated) - $250K (Renovated) Similar units in the same building rented for $29K (this year) but "Closer to $36K in a stable year" (per management) My guesstimated costs will be $1500-2000 monthly using a 10% down vacation home loan, I'm considering using this management company at 26%The location is Tybee Island, Georgia.
Sara Blatz
Selling my 10 acres of land or put a rental on it
1 October 2020 | 4 replies
If you can put mobile homes on your land, then you'll have to start figuring in costs to acquire the homes, pay for the move, and hook ups (i.e. water, electrical, gas, etc).