Christina R.
First rehabs approaching - what do I need to do first?
I'm getting ready to do a "2-fer" and, with a partner, rehab two homes for rentals. My partner is experienced and I intend to ask him the same question I'm asking here (and I know he will thoroughly educate me which ...
Danny Duran
Buying a Property with Mold in it
BP community--I went under contract on a north side Chicago multifamily property (4-flat) this week (thanks @Brie Schmidt ). Basic inspection (thanks @George Foster ) and mold inspection occurred on Wednesday. There ...
Delton Witte
Messy amd careless renters.
I should probably wait to post until I'm settled a little bit, but I'm fairly anxious at this point. I have been a landlord for almost three months. My wife and I bought the other half of the twinhome we had been livi...
Elizabeth Roncevic
Is it necessary to understand math to be successful in RE?
One of the more confusing things for me with RE Investing is the math involved. I understand I can plug all the numbers into a calculator to analyze a deal, but there are so many parts that need to be analyzed and co...
Nicholas Bolcon
Underground Oil Tank Found During Inspection
Hello BP community, Some Background: Currently had an offer accepted on a Duplex in West Warwick, RI. Just did the inspections on Friday and found that there is almost definitely an underground storage tank (for heat...
Gabe Goudreau
Planning For Unseen Expenses When Investing In Rental Properties
Hello,
I recently listened to Dave Ramsey dissuade a caller from purchasing a multi-family building, and I believe he made several valid points. He said that one of the main issues is that the buyer didn't have the...
Steve DellaPelle
Tenant installed their own washer/dryer...what can I do?
Two of my tenants have a washer/dryer installed in their units.Eventually down the road when I build up capital I would like to put a coin-op in the basement. When this happens how can I have them remove their washer/...
Account Closed
Pot And Real Estate How is it working? Colorado?WA? OR?
How has the legalization of pot influenced your investment strategies?How has pot changed your rental policies? Has pot made you money or caused more concerns? Has weed done the deed?http://www.marketwatch.com/story/5...
Brian Anderson
Explanation of Hard Money to Conventional Loan
Can someone explain how you go from a hard money loan to a conventional? I found 2 shells next door to each other that need complete rehab for $30k and 70-80k in repair. This property will be considered commercial ...
Derek Gold
Yard Maintenance Responsibility/Rent Reduction discount request
I have a 2 part question. First off, I am the Landlord of a residential home in Texas and with the recent storm my tenants lost power for over 36 hours at the property which caused the tankless water heater to freeze ...