Kari Morales
Question about a seller providing rent rolls
I am looking at putting an offer in for a fourplex, but I am having trouble getting solid information from the seller about the past rental history. My agent, at my request, has reached out asking the sellers agent fo...
Adam Hays
Accounting for an all Cash purchase
we paid cash for a multifamily property. When creating a monthly profit and loss statement do you include property acquisition as an expense? Or do you just include it in the balance sheet and don't really count it as...
Sonia Arreguin
Tenant wants early termination of lease in California
My long-term tenant wants out of his lease due to his adult son passing away. The son lived with him, was a co-tenant on the lease, and was the main person making the rent payments. Before passing, the son scheduled t...
William Lu
How to Assess Personal Financials?
Hi BP,Getting more interested into REI, I would like to assess my personal financials.On top of my head, some main factors are income, debt, FICO, and rental fees.I feel that there is much more to consider. What infor...
Evan Miller
Multi-family unit but no financials
Hello bigger pockets, I have come across a multi-family unit 6-plex. The property has been in the family for a long time and was given to the son after the father died. The son has been handling the property but has d...
Tony Castronovo
Common Approaches to Option Fees and Earnest Money
What is the norm with regard to option fees for feasibility and earnest money related to MF apartment deals? Regarding option fee, I think I got lucky on my last deal at $300 for 30 days. The current deal I am worki...
David Florist
Landlord living with tenants - should there be a lease?
I just purchased my first property and am going to have tenants living with me for my first year or so. I want to make sure I have all my legal ducks lined up when it's time for them to move in. I have a few questions...
Kyle Meyers
Is it possible to reduce HOA dues?
I own a rental in a condo association and I think the dues are a little high. Is there anything I can do to reduce them? Can I talk with the board, or would I have to actually get myself on the board. Has anyone had a...
Michael Tucker
Stumbled Upon Some Apartments, Now what?
BP Fam,I was feeling ambitious looking for leads in random places and came across a 15-unit multi-family. I decided to cold call it with a handy dandy downloaded wholesale leadsheet from BP. After attempting to go thr...
Michael Spangler
Questions to ask a commercial seller
I found a great multi-family deal (four quadplexes that meet the 2% rule) and after some research, they could cashflow over $200/door easily. What questions should I ask the seller? The property is held by an investme...