Derek Luttrell
How much to keep in reserves for first property?
Hi All, I close on my first investment property in three weeks, and I'm wondering if it's common to inject a certain amount of reserves in the property's bank account right off the bat. Purchase price is $122,000 and ...
Stephen Keighery
Buying a house As Isn't
I buy houses As Is all the time but I learnt a lesson yesterday. I have a deal I contracted about 6 months ago. It had to go through succession (most of you will know this as probate, we call it succession in Louisian...
Vincent Plant
Removing a Section 8 tenant the right way?
I am closing on a property next week that is tenant occupied by a section 8 tenant that I will be inheriting. My plan is to either flip this property or to do some work on it and rent it out for much more than what se...
Dong Yan
how to handle the existing tenants
in process of buying a duplex, the duplex has tenants who live there for 4 years already. the rents are way lower than the market rent because the seller hasn't raised the rent for 4 years. Not sure shall I vacate the...
Joe Bruck
Appraisal in Baltimore
Does it make sense that my appraisal came in at only $35,000 ? for a 4 bedroom ,1 bathroom ,1500 sqf house in zip-code 21216
Jonathan Santana
Increasing rent on new property
Greetings BP!We are in the process of acquiring a four-plex through an FHA loan and will be house hacking the property. After assessing the market through the MLS with both properties that are up for rent and that hav...
Account Closed
Do Do I need central air?
I have an SFR in Indiana. The property has forced air heat, but no A/C. Originally I planned on installing central air. But I’m beginning to wonder if it’s overkill. It’s a very small 2 bedroom bungalow (700) sq ft in...
Juan Rosado
Should i buy a new oven or keep the used one?
One of my tenants offered to sell me their oven for $150. Its in good conditions, a little dirty but I think it could get the job done. I dont know if I should buy it because I want to increase the price on that prope...
Sean Fisher
Lease Renewal New Jersey
Hello! Am I better off doing a quick 1 page renewal form which states everything from previous lease agreement stays in effect and allows me to increase rent or should I have each Tenant sign a full new lease?I Have ...
Andres Bernal
Upgrades to boost your rent
Hi guys,
I’m a investor with a few units ( multifamily mostly) in Connecticut. My rentals are in the new haven county and I’m wondering what kind of upgrades you guys are utilizing to increase rent or to maintain a g...