Kyle Scholnick
Are Building Permits Optional?
When remodeling a commercial office condo unit, the assumption is you need a permit for things you will do. Electrical permit, plumbing permit, building permit, mechanical permit and others if needed. There will be no...
Hannah Diment
Thoughts on Hundred Year Older Multi Units?
Hello, I am a new investor in the Minneapolis area, and I am starting to look at properties-- I'm finding most if not all of the multi unit properties I'm going to see are 100+ years old... wow! While they have underg...
Sam Booth
Turn Over Costs and Ways to Reduce it
Hey everyone!I just purchased my 3rd single family rental property in Alabama (Out of State!) and the first 2 rentals are going great and the property manager is doing a great job, including fixing a few things for me...
Lee Fahy
Fourplex Purchase Questions and Analysis
I'm looking at purchasing a fourplex with the following numbers:Asking: $225,000 (my research indicates he was asking $215,000 for the last two years)Property Tax: $3560 ( non homestead)----Built: 1977Heating: wat...
Jason Turgeon
Deal Diary: Duplex BRRRR in SE Texas
Just getting started on a BRRRR in Nederland. Figured I would return the favor to the community and document my experiences here.
Key players: @Dave Foster, @Adriel Hsu, @Natalie Kolodij, @Sam B.Background At the beg...
Petr Anisimov
At what price point should I walk away?
Here is the property I am purchasing in Santa Fe, New Mexico:https://www.biggerpockets.com/calculators/shared/5...The asking price was 340k contingent on inspection. I have already done 1. inspection, 2 sewer scoping....
Elliott Kim
First-time Chicago multifamily in contract - Close or Pass?
Hello BiggerPockets,After about half a year of learning and searching for my first investment property, I've finally found a property which I plan to “house-hack”. We are in contract now and the inspection period ends...
Account Closed
Are gas stations a bad investment?
My dad made a significant amount of money buying and developing gas stations in the 90's. he's held all of them since, collecting rent checks each month, all are on a NNN lease.He's wanting to buy more now and I perso...
Brandon Turner
Leaky Pipe, Naked Tenant, Chain Locked Door: What Would You Do?
Just curious: what would YOU do in this situation? (The lady in this story has a history of "drama" with us - so nothing in this story is unusual.) A tenant called last week about a pipe that has been leaking in her c...
John Park
Tenant sees a ghost. What should my response be?
So...one of my tenants is claiming that she and her daughter are seeing a spirit in the house. Did not know how to respond to this. If it was a maintenance item I would send my guy to take a look right away, but what ...