Scott L.
Newbie First Duplex, repair?
So I'm closing in on my first deal and have a few questions. By closing in, I mean I close in a month.It's a duplex that could use some TLC, one tenant has lived there for 10 yrs, not leaving and her side has not been...
Faith Ross
bidding on a fannie mae property
hello,A little advice, please. I'm very interested in a fannie mae homepath property and it's listed at 79,900. It has a beautiful floor plan but needs tons of repairs. I bet homes in that area sell for 130-140k. The...
Derrick Carpenter
I probably overpaid a little......Now what?
Background - This was my first rental property. I purchased a SFH in Raytown, MO last year for $50K and did about $4K work to get it ready to rent. I was able to rent it out in about 1 month and I am getting $800 per...
Nadirah Dawson
Is this a Deal or a Scam? Heputs in nothing but wants 50% equity
Hello Everyone, I was just given a proposition to partner in deal for a house in Irvington, NJ ( a high rental area), 3bd /1bth SFR, for $69K, he puts in nothing but "experience" and he'll handle cosmetic repairs and ...
Miles Wicker
Best Place to Start Turnaround Park
I recently purchased my first park after reading Deals on Wheels several years ago and looking for smaller parks in my area. The park I purchased is currently empty after years of decline with an older owner that appa...
Andy Young
increase the rent?
Hi!
I am buying a $140,000 3 bedroom two bath duplex. All comparable rents in this area on craigslist (and the zestimate for rent) are 750-900 dollars. There is a woman in one of the units that is only paying ...
Kevin Reinhardt
Advice for rental rehab
Hey BP community.... here comes a very open ended post so I'm hoping a lot of you can jump in here and provide feedback and insight of any kind.I recently purchased a semi-detached single family home to add to my rent...
David K.
Investment Property Insurance - what is important?
Hello BP community,when obtaining insurance for your new investment property, what balance between the deductible and total premium do you look for?Does it matter to you if the deductible is as small as possible and t...
Matthew Tierce
Need Advice On This 4-plex Deal
Hello, I have been actively trying to buy my first 4-plex, but the market where I live they are scarce. I found one that is in a good rental area (I have been a property manager for 5 years) and looks to be pretty wel...
Wayne Helms
Mainteance request systems for apartments buildings
I am closing my 1st apartment building this Friday. It is 8 residential units and 2 store fronts. We have an in house maintenance man. What systems do you use for maintenance requests?1. residents has an issue2. What ...