Hey everyone,I created a forum post nearly two weeks ago asking for advice on the analysis of my first deal.  I have since revised those numbers to be more realistic and conservative and to reflect that this deal is n...

Hi all,
So I bought a 4 plex last year in Lansing MI and didn't want to raise the rents due to covid and just starting out (since the 4 unit was my first multi). The rents were fairly under market value 600-700 while...

Hi BP community! Just following up from my introduction post. I ended up purchasing two properties the same week and have already started renovations on one. The first property is in Cincinnati OH (Madisonville area)...

Hello,
During the course of the lease the Tenant broke the kitchen Faucet. I sent him an email informing him that I was deducting the cost of the repair from his SD. He never responded to the email. I went ahead with...

Wholesalers are often times the laughing stock of the real estate industry. Why? They sometimes pitch as deals properties that will not make money to a rehabber or landlord.The gurus are partly to blame. They portray ...

How do these numbers look on a spec deal?  Enough return to justify the risk in your opinion?Lot: $325,000Construction costs: $450,000Financing costs: $35,000 (est.)Closing & commissions: $40,000 (est.)BREAKEVEN: ...

I'd like some replies from BP members on a hypothetical question. These are really wierd times with unprecedented changes occurring in the economy regularly.
Here is the question. If someone has done all the nec...

That should read "Pro Se" Eviction - as in, I am representing myself.  Apparently I can't edit the title.I am about to file my first eviction lawsuit after 10 years of owning and managing rental properties in Oklahoma...

I've been having a problem with a water heater on the second floor unit of our apartment. This is unit already has a 30 gallon electric hot water heater. But the hot water in the shower is going out in 5-7 minutes. Tr...

I am currently rehabbing a row home in Reading, PA. The first floor is on street level at the front, but there is a walk out basement with three windows in the back. All three basement windows were covered with v...