Ian Handel
4 Unit Analysis
I am looking at purchasing my second property.
I am a buy and hold investor. I buy with as little down as possible and try to pay off in 15 years, and I don't collect a dime until the property is paid off. I'm 29 ...
Tom Weismann
First MultiFamily, worth it to install separate utils?
BP Community,I'm a new member looking to make my first REI. I'm considering a particular 3 family as an owner/occupant. The heating & hot water system needs replacing and currently runs on one system for the who...
Ling Chen
To buy a multifamily in short sale, don't know how to proceed
Dear all,I'm new to short sale. I saw online a few multifamily short sales in my area (nyc) that I'm interested in viewing and buying. Some of the descriptions say you could only submit offer without viewing. How to ...
Nicholas D'Andrea
Owner Occupied Question
BP Community,
I purchased a SFH in July 2021. Currently, I am house hacking. I found a deal where the numbers work for my second property. I do not have enough cash to put down 20% to use the second property as an in...
Tracy Elmore
50 y.o. man, mother passed away, will not leave and has no lease
We have a tenant who isn't leaving after his mother passed away. He is an older man in his 50's who was living with his mother in the apartment. We didn't know he was living there and he was never put on the lease nor...
Joe Steinheiser
Capital and maintenance reserves for condos
If buying a condo for rental, how much would you reduce, if at all, capital and maintenance expenditure reserve in you calculations? Anything else to consider when buying a condo to rent out?
Mary-Grace Harley
LLC formation after property ownership
Hello!My husband and I are in the process of launching our first STR in Savannah, GA. I have a couple initial LLC and tax related questions.1) The house was our primary residence, and was bought under my husband's nam...
Tyler Speelman
Resident complains of “musty smell”
Hey Folks,Looking for advice. Resident is complaining of musty smell in her apartment. Says the humidity is 60% so she bought a dehumidifier and odor eliminator plus activated charcoal to help with the smell. Resident...
Jorge Abreu
Learning from a Walkaway Experience 🧐
Let me tell you a story about a property tour that taught me some important lessons. I was a newcomer to the real estate industry and was still establishing my footing. 👀We stumbled on a property being sold directly b...
Ryan Dressel
Window goes higher than the ceiling
Hi all,I just replaced two 40 x 60 inch bedroom windows, and in doing so, discovered that the existing ceiling drops down below where the very top of the window is. It was hard to tell before because everything was s...