Tab Teehee
Cap rate in laymen's terms
When looking at multifamily properties for sale, it's typical to see an advertised cap rate. Where does this cap rate come from! Who determines what it should be? As an owner myself, I know what my NOI is and I could ...
William A.
True value of property
Advice that Brandon Turner gives is buy properties at 20 percent below their value. Unless an appraisal has been recently performed, how do you know what the true value of the property is? Is this based on comparab...
Fred Derst
How to judge renter credit checks results?
How do i judge a renters credit check results?
How do i tell a good renter from a bad one based on credit report.
Is there a minimum credit score they should be that tells me how bad they are?
Try...
Art Maydan
Tenant Wants Foster Children
Hi Everyone, One of my tenants in a triplex are a married couple with a baby and two dogs. The unit is a 3Bed/2Bath in Chicago. Their lease is up mid-2018. They told me they've started the process of hosting one to tw...
Ron Vasquez
Mobile Homes
How profitable is flipping Modular or Mobile Homes? Is it very different from traditional homes?
James Nix
Tenant has Mushrooms growing in bathroom
Hey everyone,
So I got sent a picture of what seems to be mushrooms growing in the ceiling of my tenant bathroom. I sent the picture out to my contractor already waiting for feedback but I wanted to share it here als...
Ryan Pritchard
To mount or not to mount TV
Hello BP,I am developing the furnishing list for a medium term rental and I am seeing mixed messages about whether I should mount the TV or use the included stand and just set it on an entertainment center. I feel lik...
Cody Dover
Underwriting 16 units (four 4plex's)
I'm underwriting a deal right now, trying to determine a generic rule of thumb people use for expenses. The deal includes: - Four 4-plex's totaling 16 units- 100% occupied (although I like running my numbers at 89%)- ...
Laura Thorne
Cannot buy a duplex in an LLC
I wanted to create an LLC and have the entity purchase a duplex in order to protect our personal assets from a potential settlement-hungry tenant. We found that no lender will structure a deal where an LLC buys the d...
Bob Smith
Using my VA benifits to purchase my first property
I'm new to the REI arena and have limited cash available to get this off the ground. I have a regular job with an annual income of ~60K and a credit score of 740 albeit of limited duration.
My plan is to use ...