Jeff Minc
Refinancing to Pull Cash Out
I was hoping for some feedback on this idea. I currently rent out a condo I own which cash flows roughly $450 a month. I like the cash flow but don't need it. I bought it in 2013 with a 30 year fixed at 3.66% (owner o...
Jacqueline Brown
Under contract...property needs electrical work.
I'm under contract on a home in a small town where I grew up. All things have checked out on the home inspection except for the wiring. It's a 1948 home (no worries, I'm aware of the headaches that may come), but I've...
Andres Andrade
HOA Short-Term Rentals
Hello all, My wife and I closed on our first property March 2021. We live in the property, but we want to list 2 of our rooms on Airbnb. We have been renovating the extra rooms and getting them ready to list. However,...
Alyssa K.
Pet deposit for...chickens?!?
We purchased our first investment property this year, and are currently accepting applications. The property is on a 1/2 acre privacy fenced lot, so we are allowing pets as we figure with that large of a yard animal o...
Chan K.
Buying - Multifamily - Rental Transfer
Hi BPer,I am in the process of closing a 6-Unit multifamily. I would like to seek your opinion on the following scenario:The seller won't share any tenant information with me, except the name of each tenant for all 6-...
Nancy Roth
Must expired contract be honored if escrow has not been released?
Hello, friends,I'm going to describe a dispute without revealing my role in it. Truth is, the side I'm on is really not important, and I think I'll get the best and most unbiased advice if you consider it from both po...
Brandon Beatty
12 unit value add deal - looking to make some changes
Hey everyone!
I have a 12 unit value add deal under contract. This is my first step up to real multi family. I currently have duplexes and single family rentals.
About the deal:
725K purchase price
108K gross rent
...
Rosston Smith
Best Flooring for Rentals
Hey guys! I'd like to know which flooring's you've tried and think are best for your rentals.I'm on my first property, which is a duplex and I'm looking at using $2/sqft Porcelain "Wood" Tile. The only thing I'm worri...
Zac Kucharek
Starting LLC questions - 1 or 2 member LLC
1 or 2 members for LLC for spouses when loan/title are under both spouse names:—————————————————————- Hello,I am starting an LLC and have some general questions. I am using the LLC mainly to shield liability from the ...
Marcus House
Tenant Refuse Rent Increase
I have a tenant that has been renting from me for 32 months (was a 2 year lease) without ever contacting me for maintenance the entire time and on time with rent every month. After realizing their lease was expired f...