Scott K.
Does anyone have experience with gut renovations in NYC?
I came across a 2-family property in East new York in need of a full gut renovation. It's in pretty rough shape.The agent mentioned construction costs for a full reno would be in the $100k-$130k range. Does this seem ...
Wes Short
Landlords Opinions on Renting To AirBnB Host aka AirBnB Arbitrage
Hi there, so one of the current trends in my local market, Bloomington, IN, is a lot of long term rentals being transitioned to AirBnBs/short term rentals. I have personally done both long term and short term and see ...
Jarrid Kopras
Are you a Fix and Flipper in AZ or a Contractor? Difference?
Are you a fix and flipper in the state of Arizona or are you a General Contractor? What’s the difference? It turns out that a “Fix and flipper” is someone that is engaging in something called “contracting without a li...
Mary J.
Sale of MA rental- Are any statements to tenants required after?
Good morning,This is the first rental I've sold. I have already provided the tenants with the new owners name and phone number, but I got to thinking, shouldn't I provide the tenants with some sort of statement that ...
Jeffrey Andrus
Thoughts on if the Lake Tahoe Vacation Rental Business holds up.
As for now the numbers look pretty good. Gross Rents from using Airbnb and other sites are estimated around 50k a year. Even with pretty high management fees the properties look like they will Cash flow pretty well. ...
Felix Stone
Best way to bring a friend as investor on an upcoming deal?
Hi - Me and my partner(Tom) have been investing together for some time. We started a new ABC LLC with a common friend(John) and got a deal under contract due on financing(75% LTV). Come to find out lenders had a probl...
Ryan Keenan
Heloc on investment property
Hi BP,Does anybody know where to get a heloc on a investment property. I got pretty far with td bank until they found out I have 6 investment properties. They only led up to 4. Wells fargo you can only have 5 and pen ...
Gonzalo Diaz
Can I use my VA home loan to purchase a rental property?
Hello BP community, my name is Gonzalo and I'm currently an active duty Marine with 4 months left on contract. My goal for when I EAS is to own rental properties and I plan on starting small with a single family home....
Paul Cordasco
Commission from Sale to Tenants in Prop Manager Agreement?
I have settled on a property manager for my recently acquired rental property. In the agreement they sent over there is a clause that stipulates that they receive a 4% commission if I was to sell the property to tenan...
Scarlett Nguyen
Is buying a new duplex in Cliffside park good idea?
I am looking to buy a new duplex in Cliffside Park, NJ. There are a lot of new constructions in the area but the price for those duplex is skyrocket. Is it a good time to buy in the area now? Do you see any more upsid...