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I have an opportunity to buy a performing 3-unit (with 2 additional potential basement units) via private sale from an older landlord who is looking to start stepping back from his responsibilities. He owns around a d...
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Hi BP
I got into REI about a year ago...Right now I have 4 SFR and about to close on my 5th. All of my properties are within a 5 minute drive. That being said I can manage them myself...not there is a whole lot of ...
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I'm sure someone can help me with this. I've read many books on commercial and multi-family properties. I understand using the 1% rule of thumb to see if a property is worth looking into deeper as well as the 50% rule...
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Hi everyone, I'm buying a 17unit in the Buffalo Niagara NY area with a friend. Rents average about $500 (25% under market value), fully rented as well. I will be managing it as he is out of state and I have 10 years e...
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I'm writing this to provide our experience in managing our first rental property. Since this was a property my wife and I were planning to manage, we wanted a way for both of us to have access to the same email and ph...
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Hi All, I have a little bit of a tricky situation here and would appreciate any feedback or suggestions. I have a duplex (top and bottom unit) with a single water meter. Each unit has only one tenant in it. The normal...
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Hello everyone,I am reading a book about multifamily rentals and I want to ask you what the expression "flat roofs" means?Thank you!!
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So very long story shortened my water bill is extremely high this month. We average $35.00 a month and this month it was $151.20. The jerk landlord told us in a very nasty little note to check out water leaks which we...
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Hello everyone, I am beginning the home buying process for my first home. I'm going to buy a 2-4 unit building and live in it but I am looking for advice as to whether or not I should manage the property myself or use...
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I own and operate a Real Estate Investment company in a small but lucrative market. Currently, my business is predicated around Fix and Flip investments. However, I recently came across a deal on a duplex that I sim...