Hi all,
So I bought a 4 plex last year in Lansing MI and didn't want to raise the rents due to covid and just starting out (since the 4 unit was my first multi). The rents were fairly under market value 600-700 while...
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Hi everyone! My name is Esi and I am just getting into the world of real estate. I came across a deal that has foundation issues. It was priced below market value and I would still be doing further negotiations if I w...
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I saw an excellent piece of advice in our Official BiggerPockets Facebook Group today. "I created an operating procedures manual. Details all vendors, bills, banking setup, tenant details, current outstanding projects...
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Our tenant called the day rent was due, said his check didn't come in (Social Security), it would be a week late. When we didn't get it, my husband posted our first Pay or Quit notice. That got his attention. He ca...
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Hello BP community,I have a newbie question. Let's say you own a rental property. How do you go about arranging the electric, gas, water, and other utility bills to be paid by the tenants? Do you deactivate the ser...
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Just started off with a new rental and I'm asking my potential tenants to fill out an application before viewing the property. Keep in mind the home is well documented. I have around 40 photos of it posted on respecti...
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I am looking to acquire my first property. My personal finances look to qualify me for around $125k. I have about $7k to work with for a down payment. I live in Kansas City, MO and am looking to buy in the area as I w...
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Been doing pretty good lately with deals and one final one is starting to take a turn. Had a seller in foreclosure call wanting to sell under any condition because home was days from foreclosure. We managed to help...
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Good morning, everyone! I have a longish and frustrating situation, and I'm looking for appropriate and tactful ways to handle a situation.The property in question is not near my me, but I self-manage from a distance...
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I come to my fellow BPer's for some knowledge about a property. Thanks much in advance to anyone taking the time to review this.
My wife and I have come into a property in NC that her parents have the deed o...