Mark Navickas
How beat up could a 4 plex be and still qualify for a 203k loan?
I found a 4 plex for a good price haven’t seen it in person yet. In the only photo online some of the windows are boarded up. Because it is underpriced I’ll assume it needs a lot of work. The description says a lot of...
Chris Gaston
Multi Family and what questions that I need to ask the realtor
What is the best questions to ask the Realtor when buying a Multi Family ?
Benjamin Sulka
Networking with Cleveland Investors
Hey BP! I've been doing a good deal of networking in my area but I want to meet more people that have real estate in their vision and goals! If you're in Cleveland, and you're a real estate investor, please connect. I...
Jia Liu
Rented illegal unit in Chicago advice
Hello guys,
My friend has a house in Chicago. She bought a single-family home with an additional unit in the basement that is not an official/permitted unit.
The house was already rented to Section 8 tenants (both u...
Andrew Perkins
More rentals OR less debt
Hello!Does it make sense to use the appreciation gained from our current rental properties to pay down our primary residence mortgage? We currently cash flow about $600/month on 2 rental properties. However, if we w...
Alex Kohler
FHA loan, down payment, cashflow
Hi BP!I had a quick question.... If you use and FHA loan for 3.5% down on a small multifamily property can it still cashflow (or at least pay mortgage) if I live in one of the units? Or will I have to put at least 20%...
Ben Braddock
Staging Rental Units
I am considering staging rental units. Has anyone else tried this?Do you think I can rent a unit faster or for more money if it is staged?I've staged homes for rent and I've rented furnished apartments but I've never...
Sam Leon
laundry room lights
I have a duplex that I am getting ready for rental.
Each unit has its own laundry room, each laundry room has its own door, entrance lock, and inside is that unit's own washer, dryer, a utility sink, hot wate...
Niyi Adewole
Rental Unit Marketing Photos: Empty v.s. Furnished
Good Morning BP Family, I recently purchased my first tri-plex and i have a vacancy coming up in a little over 2 months. I'm starting to research the best way to market my properties, and wanted to pose a question to ...
Sakshi Rambhia
FHA qualification questions
1. I'm looking into buying my first multi-family property on an FHA loan. My lender for the Bay Area said that when calculating qualification, they would have to assume I would occupy the largest / most expensive unit...