Christopher Morris
Best Tips for Increased Rent
Hello BP, I finally have my first accepted offer in Bayonne NJ. Its a duplex property and I am looking to improve each unit to maximize my rent roll. I was planning on adding vinyl floors to both units and having a pa...
Nathan Emmert
Non-Refundable Security Deposit
The rental I purchased last week had fairly significant security deposits in place, a portion of which was labeled as "non-refundable".
Am I correct to assume that's essentially income?
If so, from a tax perspective...
Travis Watts
Using a Self-Directed IRA for Multifamily Apartment Syndications?
This is a very debatable topic but...I have a self-directed IRA. I have only used that IRA to invest in private notes and hard money lending because those types of investments produce "interest" income which adds to m...
Chris Ono
Hello from Austin, TX
Hi BP,Joined a month or so ago, but never really posted an intro. We're from Austin, TX. Got started in REI back in 2007. Our first investment property was a SFH in Round Rock, a suburb of Austin. The property was an ...
Carissa Mennen
Off-market owner financing
I have my eye on a 10-unit property and I want to ask the owner if he would sell it to me with owner financing. I currently own the building next door, and the owner of the 10-unit has mentioned (in passing) that he'd...
Jerryll Noorden
How I did JUST START!
All, I am not sure if I will be yelled at starting this spin-off topic to my other "how do I just start topic (https://www.biggerpockets.com/forums/12/topics/253794-how-do-i-just-start). I will remove this if I have a...
Jack Mi
What do you all think about this deal?
I have been offered to invest as LP in multifamily apartment deal.Underwriting is supposedly conservative and based on current cap rate (4.5%) and interest rate (7%) so if interest rates go down (which may as Fed has ...
Ori Skloot
Remodeling Cost for Small Apartment With Pics (Example)
I've gotten a lot of questions lately about rehab and renovation costs. I think it's very tough for new people to understand the real cost of renovating an apartment, house or building. I also see a lot of posts fro...
Sylvia B.
How will this affect rental rates in my town?
I found this notice in this week's newspaper:
It goes on to explain various parts of the new plan, but then at the end it has this:
Note the part I underlined in red. Current rent for a 3B...
Sam Adcock
Renter late on Payments
I own 32 bedrooms in 8 units in Tallahassee, FL. For the first time, I have a renter who is three months late and not being responsive to property manager's calls.
What recommendations do y'all have for me? I am wo...