Mackal Smith
So happy to be bringing in cash
I buy properties that need some rehab. Not major, but everything I have bought has needed a roof or new furnaces, or new air conditioners, (it's always something). The fact that I was buying one right after the other ...
Mike Dempsey
Furnace & Air Installed Premature
We installed a Carrier Furnace & Air Conditioner in a house that was under contract but not closed yet. The sellers let us in but did not say anything until we had equipment torn out. We continued the install beca...
Sunny P.
AC repair
Tenant calls and complains temp won't go below 75. I called a bunch of companies, and finally got one to come out after 5pm because that's the only time that works for the tenant. Repair guy tells me the FILTER was f...
Mel Hayes
Insurance for my rental property
Hi Memphis Investors,I have a question about Insurance in the memphis area. All my quotes are coming back at over 100.00 a month. Is it something I'm not telling the agent that could get this number down?Thanks BP
Bruce P.
Specificity and Payment Breakdown for a Proposal (ADU)
Hi BP community,So my friend is building an ADU in their backyard in the Los Angeles (specifically Westlake Village / Moorpark area). A couple of questions came up.1) What is a typical payment structure that is fair t...
Victoria Coleman
Estimating Repair Costs and Capex
I’m having a hard time figuring out how to calculate repairs. I have a few of questions.1. How do you figure out what percentage you should set aside from your rental income per month for repair costs?2. In “The Book ...
Chris P.
Basement ADU in Flood Zone
I'm looking at purchasing a Duplex and turning the basement into a 1-2 bedroom, 1 bath unit. It already has a kitchen area and bathroom built out, but unfortunately it never passed coding for a legal 3rd unit. (I thin...
David Palmer
Cash Reserves.... The Waiting is the hardest part
I am looking to buy my 4th investment property to live in with a 5% down payment. I am waiting on my tax return to start moving. I currently have 3 duplexes. How much of a cash reserve will I need for this move? House...
Arthur Kraamwinkel
Rental property Inspections
Hi, I am a new investor. I bought my first triplex in a small town in Massachusetts last year. When I bought the property it was rented out and I did a walk through with my tenants checking the state of each unit. The...
Chad Clark
SFH into Duplex
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $125,000
Cash invested: $120,000
First try at turning a single family home into a duplex while going through...