Jon Fields
I'm buying a 4-plex, friend is buying the one next door
Hi Everyone!I'm looking to do my first investment deal on a 4plex in Northern California. I need a bit of help from the BP community as there is a bit of trickiness in the deal.There are two 4-plexes on two parcels ri...
Zachary Wilder
Fair Housing Act: Rehabing an 8-plex and raising rent
My partner and I are thinking about purchasing an 8-plex in a B/B+ area that rents to B-/C+ tenants. All units (except 1) currently rent for 450/mo and are identical layouts. Some units are in a good state with good t...
John Haelig
Depreciation Basis for Condo Bought With Vacant Land 1031
We purchased vacant land in the 1970's for $70,000. Sold it in 2018 for $720,000 and 1031 exchanged for 3 condos now used as rentals.Since the sold property was vacant and never depreciated - what is the cost basis a...
Robert Collins
Best way to invest 50k in the Greenville upstate market
What would be the best way to invest 50k in the upstate Sc market ? Main focus is to build a portfolio of buy & hold rentals , with a number of doors that will create 5000 a month passive income in the next 5 yea...
Tucker Walser
When computing ARV, what appraisers do value
Hey!I know that appraisers look for different criteria depending on the location of the property. That said, what have you noticed about what appraisers value the most when estimating the value of a small multifamily ...
Jerry Akop
HOA insurance responsibility?
I own a Condo that the kitchen and living room was flooded due to a backup up pipe inside the building. The whole side of the building can not use the kitchen until HOA fixes it. My floors were damaged and my kitche...
Joshua Feit
Help analyzing an off-market 15 unit complex
Hi there,I have run my calculations over and over on a 15 unit off-market deal. The deal doesn't seem great to me, but I am trying to be VERY conservative on the numbers. Here are the facts -- I would love to know wha...
Zach Matteo
lease to own deal possibly?
Hi all!So I'm still a noob and I have an interesting situation here. I have been house hacking a duplex where I live on the top floor and rent out the bottom for just over a year now. My neighbor has an Identical dupl...
Mark Turnbaugh
Title Fraud/Protection on Mobile Homes
I am interested in buying a used mobile home in Texas directly from the current occupant of the home. I am interested in protecting myself from title fraud and the seller misrepresenting themselves as the owner.Since ...
Kosh Vokter
rental lease - do you seek SSN and listing household members
I have 2 questions.... 1. I have a lease template for rental property and the rental agreement does not include/ask for tenant's SSN. I did the background check by asking the applicant to provide their information to ...