Mark Reit
Sprinklers requirement in 2 family
Good morning,We are updating a 2 family in Sloatsburg, NY and we are dealing with a very difficult building inspector who is changing what he says every day.Originally, he said that a cellar (3rd floor) which we are ...
Joseph Arellano
Question with the 70% rule when fix and flipping.
Does the 70 Percent rule apply to homes with an ARV of 700K+? the higher the price of the home the higher the gap you pay with the 70% rule is. I noticed doing the 70% rule on much pricier homes the offers are extreme...
Robert Davis
Condo deal, yes or no?!
Currently own a condo in a 3 story building. The one directly below from me is listed for a fair price. The building is very new, being built in 2004. Here are the numbers:
$1092/mo: includes mortgage, tax, ins, HOA,...
Justin Tahilramani
Vacation Rental Desk Review and Example Site
Hi Everyone,I wanted to take a few minutes to talk about a new resource for Short Term Rental owners. Just to be clear - I am in no way affiliated with this company. Our vacation rental business has been growing fairl...
Rick Strobel
Long term prospects for real estate investing - a pretty safe bet?
As a business it seems that investing in real estate is about as safe as you can get. To understand what I mean let me tell you where I'm coming from.
I work in IT and have for the last 25 years. I'm self-employed ...
Norm Kopesky
Rolling a 1031 from a tic, into a multi member LLC
I am part of a joint ownership structure on a large multi family property, several of the owners have used 1031 funds to join our project and we are wanting to roll that project into 1 LLC, with all of the original ow...
Kim Leduff
BRRRR - RE market crash before you get to refinance
Hi BPers!For those who BRRRR or plan to BRRRR, how do you account for the risk associated with a possible real estate market crash during your rehab stage? For instance, if you take out a 100K short term loan (to cove...
Bogdan Naescu
Section 8 - Housing Authority in payment default
Hello BP!I have inherited a section 8 tenant in a property i bought 2 month ago in Pennsylvania . After providing the tenant and the housing authority with the required 30days notice of lease non-renewal , i discovere...
Karen F.
Class C landlords - better build up some cash reserves
To any LLs who rent to people who are working class but pay their own, unsubsidized rent: be advised that you should build up some cash reserves. New England Journal of Medicine just published a case report of the di...
Will G.
Do rents ever go down?
Seriously, everyone around here invests like rents are guaranteed to go up forever, do they?Has anyone ever experienced a declining rent environment? what caused it?