I am looking to purchase a 16 Unit Apt Bldg. at a price of $360,000. The property is decent condition but has the usual BS deferred maintence from the owner not keeping it up to date and making improvements. I estima...
Hi. I'm re-evaluating if I should provide a washer, dryer and refrigerator for my tenants. I don't provide any of this at the moment. I just think it's another maintenance call to repair and eventually replace the app...
Hi folks,I am new on buying a property and trying to househack on fourplex property that is 40 years old(1980's). The showing is scheduled and as long as no big concern arises, I am going to make an offer. So I have a...
I've listened to most of the podcasts. And I've noticed that as a potential buy and hold investor, the podcasts indicate that you want to have at minimum $100 cash flowing per door.
Now i live in CT and this nu...
One of my rental properties in Kansas City is managed by a property manager. My recent monthly owner statement included a $443 charge for replacing a kitchen faucet. Seemed excessive to me so I got a breakdown of th...
Attention skeptical wannabe landlords who think there is NO WAY rental property expenses run 40-50% of income, or that rent minus PITI = cashflow. This post is for you:I always dread the first few hot days of summer....
My business partner and I are closing a 4-family rehab property tomorrow in Central Connecticut. I will be using this thread to post what we go through on a daily basis. As soon as I can I will get some before pictu...
After such a positive response from my first thread on the BRRRR model in Metro Detroit, I wanted to share a new strategy that I've successfully implemented into my business which will MAXIMIZE CASH FLOW from small Mu...
It started with a phone call from my rep. The owner picked up the phone in a grumpy voice. The owner said he would be open to selling his 28-unit apartment for $48k per unit. Most apartment properties in the market ar...
Good afternoon everyone,
My dilemma: Contemplating Purchasing first 2-family home. 3br lower 2br upper
Pros:
- Location, in the heart of town
- Tenant paying $1500 for 3br and wants to stay (been there four years)...