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Hi. I am new to BP (former FatWallet member though!). I have been investing in RE for ~10 years and hold 5 properties. They have not been time-intensive, but I'm always interested in smart financial options. The G...
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Hello BP Family - I am in the process of closing a multifamily property in University Place WA. The property is registered as a duplex on county records. However, there is an additional unit in the garage 300 sqft (so...
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(Sorry for typo--PCR, not PUD.)I am completely inexperienced in purchasing HUD homes, never even bid on one before now. The questions below concern a HUD-owned manufactured home in the Austin, TX area.What inspection...
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Hello, I hope you are doing well. I need to perform a cost seg study on my short term rental which was newly constructed during 2023. This is for my 2023 tax return, and I have filed an extension. I am looking for ins...
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Please forgive me if this post is naive. I have a friend who has been investing in real estate for years. Specifically, he is involved in non-performing loans in the New York and New Jersey areas. He always has told ...
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Good Afternoon BP Family,I recently purchased my first househack tri-plex, and the one tenant i was somewhat apprehensive about has just alerted me that he will only be able to pay $500 of the $675 rent that is due to...
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I was recently able to secure three rehab deals in Baltimore, MD. I have an investment partner who is also a commercial contractor but interested in diversifying doing residential development and future buy and holds....
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Hello to the BRRR family! I'm reading about license bonding and insurance for contractors and I'm wondering if anyone can shed some light. Since the contractor already has a bond how do I, as the hiring party use this...
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100k Purchase price with an ARV of 140k. Some things came up in the inspection that increased my potential rehab costs to 20k on the high side, likely 18k. CoC will be down to about 8.1% with 10% vacancy/repairs as...
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Hello all,
Thanks in advance for any replies.
I have one full-time person who helps me in managing my business. I also have a part-time maintenance person. I have been thinking of hiring the part-time person full-ti...