Account Closed
Do you ever not do a qtr. insp. 4 tenants that don't complain?
I just closed on 4 doors. Two of the tenants seem to be ideal with rent being paid on-time, considering it being put in the mail, etc. Would you ever hold off from doing a tenant inspection save on a potential "outlay...
Frank Klein
if you are waiting for the right moment to start, its now
“Success means doing the best we can with what we have. Success is the doing, not the getting; in the trying, not the triumph. Success is a personal standard, reaching for the highest that is in us, becoming all that ...
Kazi R.
Fully occupied 4plex under contract, now what?
I have a fully occupied 4plex under contract in Atlanta metro area. Inspection, appraisal, title all look good. I am likely to close on it in next 2 weeks. I am a bit worried because I have never bought a tenant ...
Wesley W.
Buyers of rent-ready small multis: advice needed
Hello all,I'm looking to get some feedback from people who have made a practice of buying occupied rent-ready small multi-family properties.This is my niche of choice, and despite what I consider to be my best efforts...
Charles Worth
First-Timer in Cleveland
I am looking at a 6 unit building in the Cleveland. This is my first purchase of a multi-unit (I have only done single family) and I was hoping there were other experienced investors that could give a newbie some advi...
Timothy Chi
Advice for Inspection
Hi all! Went under contract on my potential first investment property. It's a 4plex. I will be having the inspection on Tuesday and am wondering if anyone has any advice for me - things to look for, ask in the inspect...
Leema M.
Building Violations and Permit Process
Hey BP!I’m in the process of purchasing my first real estate investment property in NYC which has an open partial vacate and a couple of ECB violations on the property (work without a permit). It appears that the pre...
Ray Jhala
To permit or not to permit!
Hey Everyone! I purchased my first rental, a duplex, in January of this year. After the tenants left last month I started the rehab process to bring the units up to speed and increase rents to market rates.
The sco...
Geoff Boyd
Closed on a Condo. Full inspection or mechanical inspection only?
I just closed on a condo. My realtor is recommending that I go with a mechanical inspection only instead of a full inspection since the seller wouldn't be responsible for any exterior repairs anyways. This unit does n...
Ellie Narie
Should appraiser go inside the units of a 4plex or no?
My lender said that because of coronavirus, it is possible to choose to have the appraiser not go inside the units (I'm getting an FHA loan for a 4plex). Should I still have the appraiser go inside or no? I also got a...