Ryan F.
New to BP, Need advice on insurance in St Louis
First post on BP.
I am shopping insurance companies and was looking for recommendations. I am in St Louis, MO and have 2 rental houses (closing on a 3rd soon) and they are all held in the name of an LLC. Lib...
Kendall Webb
Apartment Insurance cost for a 15-20 unit? How much do you think?
Looking at purchasing an apartment complex. How much can be estimated for a 15-20 unit? I know the actual number will be different but just trying to guesstimate run some numbers before I look more into it.
Thanks e...
Jeff N.
Extensive water damage and how to move forward with tenants and flooring
I knew the time would eventually come. After 7 years of owning rental property we had our first major issue yesterday. A pipe leaked inside the wall in the washer/dryer room and it wasn't noticed until after it floode...
Mike Wood
Built 2 duplexes or a single 4-plex?
Looking for feedback on my next potential project. In my area (New Orleans), property lots are narrow, and the neighborhoods were established before cars in most cases. In the area that I am looking, the lots are 3...
Frank S.
100 Year Old House and 2-inch Maple Floors
At my rental, I have 2"maple floors. This size is uncommon and not available at retail houses. I even called all reuse building materials in the Chicago area and couldn't find it.Any tips? I could modify the wood on...
Alex T.
Slip and Fall Claim - What do I do?
I am working on a rehab right now, and I just received a letter from a law office stating that their client was injured on my property by a "piece of wood which was unsecured" when it "fell and struck her on the head....
Mark Koontz
Financing Options / Appraisal Issues
I am currently under contract on a fixer-upper Farmette (Maryland). Purchase price is 400k with at least 50k rehab needed. I have 100k liquid to put down. The property needs a new roof, windows, drywall, electrical, b...
Mitchell Litam
Does fixing up the exterior of the house increase value?
This might be a dumb question.I have an old house with wood siding. The paint is starting to chip and one piece actually fell off from being rotten. I dont have problems with drafts in the house or have any inefficien...
Zane Cress
Condo fix and sell into 1031 exchange
Investment Info:
Condo fix & flip investment.
Purchase price: $63,000
Cash invested: $20,000
Sale price: $105,000
Bought this as part of a 1031 exchange, the first of two properties. Great se...
Andrew S.
Removing smoke smell
Hey BP! Hopefully everyone else isn't enjoying Labor Day wknd scrubbing nicotine off the walls!I'm working on my first investment property for a house hack. The house was previously smoked in. I'm scrubbing the walls ...