Shakir Evans
Hard Money Loans for Rental Property
Can someone explain how hard money loans work when using the loan to buy rental properties. Let’s say you buy a $100,000 property and your interest is 10%. What are you paying per month until you can refinance?
Justin Murray
Tacoma WA rental housing code
I was noticing there have been updates to the Tacoma Municipal Code 1.95 which covers Rental housing.I found this article explaining much of it (https://www.wmfha.org/news/details-about-tacomas-n...) , but I am still ...
Carson Sweezy
Estimating Expenses: Richmond, Virginia
I'm seeking advice for estimating fixed expenses (Electricity, Water, Sewer, Garbage, etc.). I am looking to move to a new city, and will purchase my first house to do so. The properties I am looking at are multi-fami...
Nicholas Lan
Is this a low ball offer or is it fair?
I am looking at two homes in the Grand Rapids area. They are both in the not so great NW side. One has been on the market for 90 days and the other has be on for 120 days. Both are duplex/multi family homes.
The hom...
Matthew Paul
My rent court experience .
I have had it easy until now , tenants pay or move out costing me very little , I havent had to file in rent court , I would normaly tape a pay or quit on the door and a check would come . So today I sat in rent co...
Robert Belz
Salt Lake multifamily: Submeter or RUBS?
Hey BP!After listening to RE podcast episode 425 about “Who not how” and reading the book, I’m inspired and now looking for some help. I currently own a triplex and am under contract on a 4-plex in Salt Lake City. I c...
David McCracken
How to do heating in triplex with basement, 1st floor, 2nd floor
Hi BP,I own an upper/lower duplex. I'm converting it into a triplex by finishing part of the basement into a studio flat. The basement flat is a small space, only about 300 sqft. There is one furnace so the heating is...
Adam Craig
Charging late fees to tenants who have a bad month or two?
I am asking this question as if we are in normal times - not the covid world we are living in now because we are being more flexible during this time...We charge $25 late fee is rent is not received by the 3rd and 10/...
Tarah Fernandes
Today’s owner financing rates
I’m getting mixed signals on what the average rates are today for owner financing. Some say 8-9% since conventional financing is still low, others (who currently owner finance in my area) say 10-12%. Looking for anyon...
Betsy Anater
Very Green, Need Deal Structure Help
Extremely green!!
Nonetheless I have an appt with to see a house in 12 hrs. Seller has house listed with agent at 274,750. Owes 40K. Legal three unit bldg, three tenants. None with a formal lease. Seems to b...