Ryan M.
Insanely high Landlord Insurance ($7,000) for a $310K 3 Family?
I am looking to purchase a 3 Family, 9 Bedroom Triple Decker in the city of New Bedford Massachusetts for around $310,000. The numbers look solid but I decided to get actual Landlord Insurance quotes to confirm my est...
Joseph Gozlan
Reaching out to the wisdom of the crowd...
We have a room in one of the common areas that is about 150SF (15 FT by10 SF) and I'm wondering what to do with it.It used to be a second Laundry facility but there is no real need for that in this property so we wan...
Michael Johnson
Tax sale overages process
As a new investor certain areas of real estate are appealing; however, the aspect of low risk, no money down with unlimited opportunity for profit is the most sort after. We all know no area of real estate is complet...
Jordan Schrage
Proper Cash Reserves
Hello BP,
Alot of people talk about Cash Reserves but I haven't seen what that amount actually is. Is it 10k on 100k house 10% of purchase price. Is it the price to fix one huge problem? 5k for the roof so ...
David Dickerson
Insurance for Vacant Property
Hey Smart Peeps!anybody have suggestions on insurance for vacant properties? i've notice local reps don't get too excited about our vacant houses (when we're remodeling them to flip). So far we've used Vacant Expre...
Romeo Sison
Have you split up the water meter on your 4-plex?
I'm looking to pass the water expenses on to my tenants. How much does it cost to separately meter the water on a 4-plex? Who should I call? a plumber? How much do you think this would cost? I appreciate the input! I ...
Rik Patel
How to Transfer Property from Family
Hi All! I have an family member that's willing to put me on title of his property, however, we don't know if there is any taxes that are due with this kind of transfer. It's paid off and we're thinking of just doing a...
Holly Scanlon
Auction
I'm going to my first auction on a foreclosed home in my town.I've done some research, but does anyone have any tips for me? I've seen the house, it looks great, I have the bank check ready. Auction is starting at...
David Siegel
Selling the business vs selling a property
Hey all I have one LLC that owns one SFR that has been an STR for 6 years. We want to sell. I found a RE I really like. My friend who is half owner of the LLC says he wants to investigate selling the LLC instead of ju...
Jim McGovern
Texas: Excess proceeds in a foreclosure vs a bank REO sale?
I know that in Texas if a property with only one lien against it is sold at a foreclosure auction for more than the amount of the loan being foreclosed upon, then the excess is paid back to the owner who was foreclose...