This week I made an offer on a property in need of rehab that was listed on the MLS for 113,000.I estimated that ARV was 155,000 and repairs would amount to be 30,000. It had been on the market for a little while so I...
Hi BP community. I’m currently seeking a property to house hack in St Pete and one thing that is unclear to me is how to verify if a property that has an existing mother in law / ADU is legal and up to code. I ran int...
I don't like to deal with small (~$500 worth) of repairs, e.g. plumbing etc. Is it normal to just write in the lease that the tenant be responsible for all <$500 worth of home repair expenses? In California.$1000?
I have a section 8 tenant who is complaining their laundry machine is making a loud noise. My leases clearly state that the "Tenant shall maintain all appliances, equipment, furniture, furnishings and other personal p...
I have a section 8 rental in Kansas City where the tenant was required by the lease to transfer the utilities to her name. She moved in in 2019 and apparently never transferred the utilities. I've always kept my landl...
Hello everyone, before Covid I was analyzing deals from various syndicators and when Covid hit I decided to wait it out before investing money into a syndication. What kind of returns (CoC, EM, IRR) are you syndicator...
Closing on our first property (duplex) in Minneapolis uptown area. I've been working on the lease drafts all week and wondering for those that have gone through this, if there are any nice to have additions or anythi...
I am excited to be closing on my first 4 unit soon. All of my properties previously have been unoccupied, and this is fully rented. What advice can you give to a first timer? I am working on a checklist for the n...
Purchase price for 3/1 on 1 acre outside of town but only 5 minutes from major military base - $50K (realtor estimates land value at $65K)House is block construction, and foundation/walls are solid. The rest of the h...
Well, I guess it was bound to happen. 2 1/2 years into our rental business, 10 houses, we were due for an eviction I guess. Tenant notifies us about 2 weeks ago that she is moving out October 1st. Her lease is not ...