Jeff D.
Help me underwrite and come up with cash offer
Rent totals annualized $44,250Expenses Annualized $18,968NOI $25,281Asking is $350,000 (5 units) all 1 bedrooms Not much room for value add. Building is solid. 2 units have tenants that have been there 20 plus year...
Adam Betley
GC question
Hi all,
I was hoping to get suggestions/recommendations on this question. First, here is a background.
I am looking to purchase a multi-unit (3-plex) home near where I live. The house is in rough shape....
Vee Vu
URGENT!!! Need help for After the fact permit
Hi everyone, I have a friend buying a SFR in Gardena, CA (not for investment), includes:First unit: 3 beds, 1 bath, 1 living roomBack unit: 1 bed, 1 bath, 1 living roomAfter inspection, she asked the seller to replace...
Poonam Hemrajani
Looking for legal help with a leaking roof, purchased in July 2023
I recently purchased the property in July 2023, the property is built in 1940.
The Seller disclosure mentioned the roof life to be 13 yrs, it is expected to last for 20 yrs, it is a 3 Tap roof, but within 2 months ...
Pat Desenberg
New Investors (in Iowa)
Hello BP Community, my wife and I are excited to get into investing in the Des Moines area. We are currently still in the "education" phase, and are starting to get practice looking at properties (single-family) and ...
Wick Ra
Help with inspection notice
I recently purchased a 2 flat with basement. The previous owners had a problematic tenant in the first floor who was not paying the rent and ended up opening up several false complaints with the city and eventually le...
Lia Martinez
Hard Money Draw Fees- Are these common?!
Has anyone else had experience with a Hard Money Lender charging fees for every draw you take during a rehab?My partner and I are working with a different lender on our second flip. We met them at a local meetup and t...
Kiki Helland
Should appraiser know of issues?
I am in escrow for an investment SFR and the home inspection revealed issues with the electric wiring. I got two estimates for repair including fixing a fire hazard condition in the wiring coming from the street throu...
Andrew Joseph
Roof Sag in Flip - Inspection Issue
I just purchased a brick bungalow built in the 1920's. When reviewing the purchase further, I noticed that the roof had significant deflection (approx 6"-8"). When getting in the attic, none of the rafters are br...
Kenny Hsu
(Relatively) Landlord friendly cities in Puget Sound?
So I understand Seattle is landlord "unfriendly" - how are the surrounding cities in King, Snohomish, and Pierce counties?