Scott Hasselbach
National $15 Minimum Wage
Next week a new administration takes over the White House. The Biden administration has announced they plan to put a national $15 minimum wage in place. This will almost double the income of most of middle America whe...
Adam Johnson
Systems and Processes
Hello all,
I recently started out in the note business in late 2019 and am eventually wanting to grow to a minimum net income of $5 K per month, the research and studying that I’ve done so far has emphasized a lot on...
Unal Baris Kancoglu
House Hacking, what is next?
Hello all, I am very close on closing on my first property. It is a 3 unit apartment with 2 units already being occupied. As the current tenants been there for some times, deposits as well as the rents seems to be low...
Vikas Raoot
Additional income generation ideas in STRs
Has anyone implemented additional streams of income in short term rental properties that add to your existing source of primary income from them? E.g vending machine (luxury food/drink items etc). Any brainstorming id...
Terry Royce
HELOC vs Refinance
My fiance and I are looking to pull some money out of a house we just finished rehabbing to pay off some of the construction debt on 9mo no interest credit cards.
Its our primary residence. We have about 20-25k in de...
Gino Barbaro
What Upgrades Have You Done To Your Property To Increase Value?
Hi Everyone,I just wanted to start an important discussion on how to increase the value of a multifamily property. It's all about raising the NOI, and I would like to get some ideas on how to create value.Any idea wo...
Jalen Greenlee
Seeking Advice and Insights on Implementing the BRRRR Strategy in Milwaukee, WI
Happy almost Summer BP Community,
I'm reaching out to tap into the collective wisdom of the community as I look to expand and accelerate my rental business using the BRRRR strategy.I currently focus on buy-and-hold i...
Caleb Webster
Advice on how not to lose your shirt with owner-paid utilities
For rentals where the landlord pays all utilities, what strategies do you guys use to incentivize lower utility usage from your tenants and reduce your overall utility bill? I've heard of thermostats that you can rest...
Rick M.
Splitting up utilities…Tell me how much this will cost
I’m looking at Duplex the current owner did an “up-to-date” renovation. I would assume splitting up all utilities so the owner doesn’t have to pay any of them, in my opinion that’s the first thing that needs to be don...
Arthur Wang
Submetering Utilities in Multifamily
BP-
I am looking at a MFH in Cincinnati that is currently landlord paid utilities. I have heard of transitioning properties from landlord to tenant paid utilities but haven’t gotten into the nitty gritty of what that...