Willow Baum
What Precautions Can a Landlord Take to Protect Themselves against the instance a Tenant-occupied Property Becomes Uninhabitable Due to a Costly Repair that Far Outpaces Annual Rental Income?
Let's say a sewer system for a single-family, low-income rental house in an economically depressed area of NY State, dies. Let's say the hypothetical repair costs $20,000, and monthly rents are $750. Let's say, for c...
Andy More
Flipping 3 properties side by side
Lets say you wanted to flip a property and required a 25k profit for it to be worth the effort. Would you be willing to reduce that minimum 25k profit if you could flip 3 identical properties that are all side by side...
Hyeseong Park
No prepayment penalty vs 3 yrs vs 5 yrs for current market
What is the best option for prepayment penalty you think these days if I want to go with DSCR loans?I assume that there is a big chance that the rate can drop a bit more due to elections at the end of next year so gov...
Christine Stone
To LLC or Not to LLC
Hello BP Friends! I'm ready to look at starting an LLC for my properties, but I've heard mixed advice about their necessity and benefits. I would be starting the LLC as a disregarded entity and reporting my profit/los...
Cara Fazio
Moving out of State - how to handle property management?
I purchased a duplex last year which is currently a house hack. It has been quite the experience renovating, moving and becoming a landlord! Now, my boyfriend has been offered an amazing job opportunity and we will b...
Natalie Sologic
Non Renewal of Lease Due to Increased Tenants
I have a one bedroom apartment, part of a quad plex, that has a month to month lease. When the lease was signed, it was 2 occupants. Within the last year, they’ve had 2 babies (one year old and newborn). In addition t...
Isadore Nelson
Brooklyn Foreclosure - Potential Red Flags?
I am strongly considering a foreclosure property located in Brooklyn. It has been on the market for three months, with the price reduced multiple times from $550,000 to the current $375,000. The property is being sold...
James Z.
Are contractors obligated to provide cost breakdown?
Are contractors obligated to provide cost breakdown, or what info we can request from contractors in order to see if their charges are reasonable? Thank you and any input is much appreciated!
Marcus Gantevoort
Gut Rehab/Floor Plan Modification
Hello,I'm looking to purchase a older home in the Canton area then, I would like to renovate and change the layout into a MFH. I'm more worried about the permitting process/architectural plans. Is there any reason Bal...
Michael Otis
203K Duplex Sale & Cap Gains
I bought a duplex financed by an FHA 203K loan on May 15th, 2016 and lived in it until December when I had to move and I started renting it out. I bought it for 115k and renovated it for about 35k within the 203k and ...