Paul Corbisiero
Am I over thinking this?
HI BP community. This will be my first multi unit purchase.Im in escrow on a 3 unit, 3 single 2bx1b homes on one lot.purchase 225k it needs 150k in rehab per rough estimate from contractor , 2 rent @ $1100 and 1x $12...
Jason Davis
Anyone using Rentometer
Just curious as to everyone's thoughts on Rentometer. I've used it a little while looking at places in the market that I live (Roanoke/Salem VA) and there are generally not enough results to make it seem worthwhile. ...
Kevin Koenig
Is the Dream Dead?
I scrimped and saved since college with a low/middle income job and I finally got into a condo in 2020 at a 3.25% rate in Southern California. Fully remodeled it myself for about, I think, all in 12k. I got rid of the...
Dmitriy P.
Wait to rent apt or start showing right away?
One of my tenants just gave 60 day notice they will be moving out mid Nov. I would need about 2 weeks to get the apartment rent ready. This means the apartment will be rent ready as of Dec 1. Winter/holiday time is no...
Mark Stevenson
Cap Rates & COC for buy-and-hold in Raleigh-Durham-Chapel Hill?
Would be curious if anyone might be able to share what kind of Cap Rates and COC returns you typically see in buy-and-hold SFH and 2-4 unit MFs, in the Raleigh-Durham-Chapel Hill area.I've been looking primarily in Ch...
Tom Bukacek
E-Myth
E-Myth, written by Michael Gerber, discusses why most small businesses fail. While it's not a real estate focused book, it explains why most real estate investors fail. There are three parts to the successful small ...
Account Closed
Advice on Pre-Screening Tenants
I just recently listed my home for rent. This will be my first time being a landlord. In my ad for the rental, I set some guidelines that should help weed out some undesirable tenants. The criteria I listed is Firs...
Ryan H.
Property Management Agreement
Hello, I'm reviewing a property management agreement (I would be the landlord) with the following terms:- Management fee is 10% of rent- Charge of 15% of rent with each new tenancy.- Landlord to pay property managemen...
Jade Davis
Go big or go small-- first investment question.
The more I read and hear about REI, the more excited I get to begin my life as an investor. My husband and I will be buying our first home in June and decided to get a multifamily and owner-occupy with the idea being ...
Dhanush Kondoth
How to transition a multi-family property
Hello Fellow BP-ians,I just bought a 18 unit property in Ohio. This property is currently a run down property in a decent neighborhood. The property has 4 vacant units that I am going to turn around in another month o...