Gregory J.
Google is wrong about how to compound interest: Thoughts on NPV
I noticed when googling "how to convert annual interest rate to monthly" it consistently gives the wrong answer. Dividing your annual interest rate by 12 ignores what Einstein described as the most powerful force in t...
Joseph Koury
Should multifamily managers disclose COVID-19 cases?
Should multi-family property managers (specifically common area spaces and elevators) disclose whether someone in their building has reported and confirmed Covid-19 to all their residents?
Omar Ababneh
4 unit multi-family advise
Good day, My partner and I purchased (2) 4-units multi family properties in a good in St Louis MO (63123) back in Sep 2021. For around $375,000 each, I only own 2 of the 8 units and my partners closed his part of the ...
Brian Warren
Adding bedrooms to a triplex. Permits? And resale headaches?
I have 2 almost identical triplex apartment buildings.Both have 2 very large framed / screened in from porches. Estimate 40’ x 14’ It would be very easy to turn half of each one of them into a 3rd bedroom and still ma...
Mike T.
Buying rental duplexes as an LLC or trust VS as "person/individu
I asked my loan officer (conventional loan) the following question and the answer was NO. If I wanted to do what I proposed the loan officer said the loan will have to be "commercial" :>>>>>>>&g...
Dan Costantino
Rental in the wrong entity. Should I transfer?
I have a house I was going to flip. I am now going to keep it and rent it out.It is in my 'active income' entity. I've only done 2 flips in this entity, and it's not tagged as a dealer yet, but it will be some day.I...
Vance Foster
Do people actually buy when a multifamily property is overpriced?
View report
*This link comes directly from our calculators, based on information input by the member who posted.This triplex recently came on the market in Billings, MT. The few multifamily homes I ...
Lee V.
Did I make a mistake purchasing this home?
Hi all,I purchased my first property earlier this year. It is a triplex set up. However, it’s quite Unique. It’s 3 single family homes (bungalow style) on one piece of land. The homes do not share any walls. I’m livin...
Sal San
Great investment or not?
A SFR is selling for $315k that a person plans on purchasing as an investment property. The individual is required to make an investment down payment of $63k (20%). Additional expenses include: $600 yearly insurance, ...
Seth B.
Bought my first rental property
Hi, my name is Seth and I am new to BP.
I just closed on my first rental property and wanted to get some feedback from people on weather they thought it was a good buy for a first timer.
The property is...