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New tenants caused water damage but blame it previous tenant, what should I do?
Hello all,I owned a 3 story condo and leased it out this August. Last week, my tenants report a leaking 2nd floor ceiling. the plumber pulled out a pile of wipes and female hygiene products from the main sewer pipe an...
Dustin Ruhl
Can you really make MONEY Flipping Houses?
One of the most profitable ways of investing your money involves the real estate market—specifically, flipping houses, or selling a home at a higher price than you purchased that home for. And while there are certainl...
Mike A.
Deal analysis - White Plains
Hey guys, I am hoping someone can look at this deal analysis as I am going through a multiple offer situation. It's a 3 unit multi-family, which is vacant. The owner cleaned up the entire place. New floors, appliance...
Rik Chatterjee
How will COVID-19 change the average rents?
How do you think COVID-19 will change the average rents in an area? Will it be pushed down or up? By what percent? How would different property classes see the rent change? (Class A vs Class C). What would be the imme...
Darren Landerway
Is there anything wrong with this plan?
Hi BP world!Ok so a newbie at this RE venture and been on BP for a couple months now asking questions to help me find a focal point on where to get started. Id like to toss out an idea and get a thumbs up or ripped ap...
Rigo V.
HML Draws- Timing and Process
So I have a HML for a fairly large rehab. The HML is providing 75% of the purchase, 100% of the rehab. My questions is around the draws and how I should work with the contractors?In my mind lets say I have a contracto...
Jeff S.
If you could meet all your needs and wants with treasuries, why would you risk capital?
People lose it all. Huge lottery winnings or the sale of a high tech company. If you had 10,000,000 (or a 100,000,000 for that matter) and could earn 350k a year with 30 yr treasuries, or own all of a neighborhood, a ...
JR Woolf
Ordinances against STVR during COVID-19. Anyone have experience?
I just got wind that the town had an emergency meeting and have enacted an ordinance banning all hotels, motels, B&B and STVR's as a tactic to prevent the spread of COVID-19. No news on how they will enforce or w...
Adam Shelley
Unnecessary service calls? What to do?
Hello! A tenant texted me and said the electrical outlets in her walls were making a "clicking noise." She included a screen-shot from her phone that said clicking sounds from an outlet could be faulty wiring and were...
Adam Gonzalez
Is this a Contractor Red Flag?
Happy Friday Everyone!
So I have a quick question. I am in the process of renovating a property and interviewing contractors. One contractor I spoke with provided a quote of $16,000 to renovate two bathrooms (1 sma...