Matt Storey
Input on prospective deal. newbie
I was hoping to get as much input as possible on my first deal
reo
purchase price- 300k
down payment- $10,500
fha owner occupied 3 unit
$1050 a unit gross rent
$2650- p.i.t.i,
vacancy rate- 4%
low maintenance, built...
Elizabeth Schellhammer
tenant asking for discounted rent due 2 oven not working properly
Hey BP Community!So here is the scenario:Our tenant informed us on Monday night that their oven wasn't working properly. My husband immediately went to the unit to check it out. He agreed with the tenant that the oven...
Matthew Sloan
Self Managing Long Distant STR
I want to hear everyone's experience with managing their own STR from 1000 miles away. I purchased a unit in the NW Florida panhandle and live in Texas. I hired a PM to manage because I just didn't see how I could do ...
Parul S.
Inspection report - To buy or not to buy
I have agreed to buy my first SFH investment property from a TK (turnkey) and just received the inspection report. The SFH is 60 years old but was represented as being "fully rehabbed". The inspection report is con...
Mike Butler
Landlord Email to Residents EXTREME COLD WEATHER ACTION
Attention Landlords and Property Managers
In my neck of the woods, we are having record setting extreme cold temperature that seem to keep lingering on and on. In the past, we are use to having a spike for ...
Scott McGill
Dual living rental property. Good idea or death trap.
Hi all, I've had a few investment properties that were already set up for dual living pop up but have passed on them until I learn more. The one I liked the best was a 4/3 having a 3/2 upstairs and a 1/1 down in ...
Karen Margrave
FIREPLACE & TV ON THE SAME WALL ??
Have any of you installed a gas fireplace and had a tv on the same wall above it? I see it done on Houzz, and in magazines all the time, however; how practical is it? Is the TV too high? Is there too much heat off th...
John Jack R.
Dishwasher or More Cabinet Space?
Okay so, we are rehabbing an almost twelve hundred square foot 4 bedroom, two bath house in North Las Vegas.Picked it up short sale for $79,000, the ARV is around $120,000 to $130,000. If you want to check it out, the...
Roy Gutierrez
Flooded basement in rentals
Hi,We just had a very BAD rainstorm here in Michigan (oakland county). My house and 2 rentals had water in the basement, unfortunately I didn't have flood insurance (like 99% of people here it seems). The water has be...
DL Martin
apartment amenities..
I just finished reading Buy and Rent Forclosures byJoseph Neilson.
Mr Neilson advocates stripping houses of central air, garbage disposals and many other amenities in order to eliminate maintenance costs.
...