Laura Moreno
Brooklyn 7-Unit Multi-Family in Sunset Park
Hi there,I am looking for a building in Brooklyn to buy so I can use one unit to live in and the others to rent out.This is what I found today:- Purchase Price: $1,350,000- Units: 7 (5 two bedrooms / 2 Studios)- Renta...
Brigitte Garrett
De Minimus Safe Harbor rule
Looking for guidance on the following expenditures made and the application of the $2500 De Minimis Safe Harbor rules.Do either replacement of kitchen cabinets or replacement of flooring with laminate and vinyl fall u...
Steven Navarro
Buying land then building a 4plex in fresno ca
Ive came across a lot for sale $214k its 1/3 acre lot that has approved but expired plans for a 4plex. Each unit is about 1400sf with 3bedrooms 2baths and a garage. It states that 80k in development fees are included ...
Max Peterson
Analyzing deals in the greater Twin Cities area.
Hey Fellow Minnesotans,I am just trying to learn about our local rental market and good ways to do analysis. Such as does the 50% rule hold up well in the Minneapolis area? is the 1% rule a good fit for rents in this ...
Travis D.
Cash Flow Expectations
Good Afternoon BP! I'm a wholesaler for the most part but preparing to build assets via Apartment building acquisitions. I know the apartment building/multi unit complex arena has gotten more competitive recently, b...
Adam Spencer
Building a Garage ADU
I am wanting to build and Garage with an apartment above it at my home in Ypsilanti, MI. I was told that this is not allowed in Michigan by a friend. Just wondering if anyone knows if this is true or not? Any other...
Jessica H.
Seeking advice on tenants storing items in back of property
Hi dear all,I’ve inherited a tenant from a recent property purchase and they are storing belongings in the back of the building resting against the wall and no roof protection. The tenant is probably doing this becaus...
Sebastien Beauboeuf
Do you use an 'age' rule of thumb when buying in Chicago?
Planning on buying and holding a 2 to 4 unit next year and house hack on the North side of Chicago for my first deal. I realized that most of the buildings I've looked at have garden/basement/in-law units (so below gr...
Damian Gawle
enforcing no pet policy in a triplex that we are purchasing.
Hi,We are purchasing a triplex in Springfield Ma. and wish to have a no pets policy. The trouble is that at least one of the tenants that we would be inheriting has a small dog. The apartment looks clean and dog loo...
James Dickens
Cap-Ex per Unit, per year by Class
When running numbers on a property what cost numbers do you use as a rule of thumb for Cap-Ex per unit, per year, by Class?
I know this could be nitpicked to death with a lot of other factors such as year built, Roof...