Josh Edelson
Why are all the insurance companies pulling out of disaster areas!?
GENERAL DISCUSSION:California has fires. Florida and South Carolina have hurricanes. All these insurance companies are jacking up the rates 2x-6x or cancelling policies altogether in these and many other areas. If you...
Sachin Amin
Five Sources of Income for Retirement - what is the Fifth one ?
Hello BP community and for those who already made it :-) :-) (Baby boomers & Gen X)
when I was in school some one once said to me, to be financially free you need to have five sources of Incomes - at that time I ...
Jason Haynes
Looking for attorney that specializes in insurance claims
We recently experienced a catastrophic flood at our 6-plex in Dallas, TX. We're looking for an attorney to navigate the claim process and be sure we're covered. Why?We had another flood at the property about 6 months ...
Ryan Monty
Seller wants cash only offers. Non-paying tenants occupying
I'm trying to get an offer in on a house hack opportunity and the seller states cash offers only for a 2-flat. The first hard money lender I contacted said they couldn't fund with tenants in place. While I realized ...
Jon Q.
It has begun! CMBS Failure Rates
Economic failure has begun...” One month ago, we thought that the unprecedented implosion in US commercial real estate in the month of April following the near-uniform economic shutdown following the coronavius pandem...
Hunter Estess
Cash Reserves
Can y'all tell me what the typical amount of cash reserves are needed to keep for random capital expenditures?
Is it based on gross rent?
I know older Units will require more yearly maintenance.
Is there a formula...
Sara B.
Property Mgr with 20K. My end goal is multifamily. Suggestions?
On the best way to build that 20k in to enough to buy a small property down the line? I understand that I am not going to build this overnight, I am just overwhelmed a bit by all of the niches. I'd rather start slowly...
Erica Embray
Landlord Rights After a Fire Has Occurred
Recently there was a fire in one of the units in my apartment building. We are waiting on the investigators report to find out the cause, but know that the building was recently inspected by the city and passed all bu...
William Lawrence
A Risk Worth Taking, will never be a walk in the park.
Investment Info:
Large multi-family (5+ units) buy & hold investment in Mayslick.
Cash invested: $200,000
This magnificent Building was built in 1909 and served as a public school until the mid 60s. ...
Tony F.
Reserves, how much and where do you keep it
How much reserves do you all keep and where do you keep it? 6 months payments and X amount for catastrophic repair situation? Obviously then more sitting aside not really in play the less your portfolio is growing, bu...