Jonna Weber
Mysterious "knock" coming from an interior wall
I've had an issue in a condo I manage for a couple of months and after much trial and error, I thought I'd check with BP to see if anyone might have an idea what might be going on. The condo is a newer unit (2004) on...
Tarun Mitra
Existing tenants paying way below the market rate. What to do?
I have just bought a new duplex. I have existing long term tenants living in each unit. One tenant is living there for 10 years paying around 1080 and another is living there for 4 years and paying 1265. The current m...
Michael Willis
Apple to Oranges - Office Building vs Mobile Home Park
1) Local Office Building (option 1)Hi All, so for the past few months I have been sharing my finds for a 1031 exchange in the NYC metro area. I have found a solid deal on a 16.5k sq. ft occupied office building for 2...
Will F.
Insurance for flipping
What type of insurance do you all recommend for short term real estate holding and construction. Liability, etc? Also how do you generally hold title? LLC?Our plan is to flip and only hold for 4-6 months.
Cody Koetter
Bad Neighbors Who Want My House
Hi BP!I acquired a rental property a few years back, that I rented to family while they were saving to buy a new house, so they have been my only tenants up to this point, for this property. They told me the neighbors...
Avi Garg
First sub 30k property
Finally closed on my first sub $30k property. This is my first investment since joining BP and 2nd overall. Some quick numbers:Purchase price $19kMonthly rent: $715Cash flow: $330@Travis BeehlerI was inspired by @Trav...
Dave Ketcham
Replace refrigerator icemaker?
We supply a refrigerator with our rental property. It's a modest but nice 3BR 2BA SFR in a nice neighborhood in Lee's Summit, MO. The refrigerator is older and the icemaker stopped working. The tenant has asked ...
John Wallace
Current DSCR rates? Who's got the best program?
Hi everyone. I'm hoping you can help me find some good DSCR lenders and give me an idea of the going rates? I was quoted 9.75% for a DSCR on a rental property recently. Is that average? High? Low?! As I am shopping, w...
Edward Thornton
Seller Financing
I have been trying to keep my ears and eyes open for any seller financing deals in my area. I would like to get a seller finance under contract then wholesale the deal. I am hoping that this can be a quick way to move...
Matthew Sutton
$100,000 to get started.....
Okay, this is only my second post. I'm sure I'll take a few months before I figure out exactly which strategy I want to go with. It'll be completely passive over the next few years since I have a career that I enjoy...