James W.
Hi, new slumlord here. General advice request.
Hey BP!Say you have a duplex that you paid $60k for.Rental income is $1000/month. ($500 upper / $500 lower), property taxes ~2500, insurance ~$600, no major expenses on my end, utilities all in tenants name.Basement h...
Venky B.
Dangers of buying homes built in 1900
I am looking at a home built in 1900 for buy and hold. I would like to know, what are the dangers of buying a home that was built that old. The home looks in good condition. One thing I observed is that the steps of t...
Steven Kassler
New Multi Family Investors
Hey BP Community,
My partner and I are just starting out and have a goal to purchase our first Multi-Family property in the next 90 days. We have our down payment secured and will be investing from out of state. The ...
Robert M.
Rent Increases
Hi Everyone, I would like to increase rent but have a tenant that is telling my property manager that they are on fixed income and cannot afford higher rent. The unit is rented under market value and I am only asking...
Jack Seiden
NAR Anti-Trust Suit
Curious to hear people’s views on the case? I could see the entire industry being changed or some different legal language to some legal forms and things more or less continuing as is. As an aside I do think the combo...
Rafael Ro
Safe and stable investment: Do I buy rental properties or keep money in a HYSA?
Hello all,
I would really appreciate your insights here.
I live in CA and have a family with 2 kids - we're not moving anywhere. Have about 50k I would invest (access to more), with excellent credit and good income ...
Account Closed
Realtors, low ball offers, and lead tracking software
Hello All, Seeking some referrals for a few things. My partner/mentor and I are looking to start putting in a lot of low ball offers in on several listed properties in Will County, Illinois. Anyone know a realtor who...
Leslie Crosten
HELP! To stay or back out of deal???
We are under contract on an over/under duplex and in a sticky situation... I need help! So, we were supposed to close on this property Friday Sept 4th. However, closing was pushed back maybe a week or so according to ...
Doug W.
My first flip - I broke even
I thought I would share my story with the hope that it inspires someone to start the home flipping adventure and/or saves someone from making some of the (costly) mistakes that I made. Note that I'm purposely not incl...
Mark S.
Obsessed w These New Duplexes - PLEASE, HELP ME ANALYZE!
Sorry for such a long post, but I'm semi-obsessed with this potential deal. I've been wanting to buy one of these brand new, all-brick duplexes for some time now. I tried to further break it down. All advice and...