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So my partners and I are examining our first larger multi family project (well large for us). Its roughly 7000 sq ft of former bar/hotel space that we want to turn into new apartments. The building will essentially ne...
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I am often asked this question: "What is my biggest financial risk in buying/owning a short-term rental property?"
Lots of things come immediately to mind: Septic problems, a new roof, HVAC failure, lower-than-proj...
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My partner and I own a 6 unit apartment on a town square in a small town in Missouri. The building is ~100 years old, the units are probably 20 years old. Everything is either currently to code or grandfathered in b...
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We are moving to a rental property in Seattle next month and the lease is already signed. After signing we mentioned using a portable dishwasher and the PM said it wouldn't work because the outlets aren't grounded. I...
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I'm looking at an investment property that has an unfinished basement with the potential of having a three bed/one bath rent-able space. What do I look out for if I were to do this? Codes, insurance, etc.
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Yesterday after a day of showings, I stopped in at Cinco day Mayo gathering. One of my friends whom I haven't seen awhile talked to me about an interesting scenario.He wanted to know how much it cost to completely de...
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Good afternoon everyone, I have a property that was broken into today according to my tenant. She said the police were at the house. This is a safe area and neighborhood as well. I have not discussed the details of...
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My realtor/property manager has a listing for a 4plex in a low-income area and has talked to the seller(s)...4 partners, about the idea of providing a second for the down payment. The bank I use will allow a second. ...
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Knob & tube is the first generation of wiring and still prevalent in Providence, RI, where I live, work and invest. Are there any companies that currently write policies for multi-family investment properties wit...
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My wife and I just closed on our first investment property, which we will be house hacking a dupelx for the next couple of months. The goal is to live in one unit (3bd/1bth) and make updates while living in, and at th...