Quentin Mitchell
Inherited Tenants (keep them or release them)
If you inherit a tenant and the rent is below what the market is but they can not afford market rent do you kick them out as soon as their lease is up or immediately if they don't have a lease or do you keep them on a...
Nicholas Sorace
What would be an appropriate rate for increasing monthly rent on my fourplex?
I have 3 units, they are on the older side but very well kept by the current tenants that I inherited. All units are in the $650-$675 range and average market rent is at $850. I would love to keep these tenants, but I...
Account Closed
Should I jump on this deal?
I found a 10 unit building 8 1bed/1bath and 2 2bed/1bath. in my local california area. They want 1.5million but it is completely empty! It’s great becuase I can get all new tenants in at market rent. But also scary be...
Rich Burnside
How Property Valuation is performed in Cleveland, OH
I'm looking at BRRRRing properties in Cleveland, OH. However, I'm concerned renovations may not materially improve the value of the home. While looking through the auto-generated list from my agent, I used Zillow to g...
Kalp Mehta
BRRRR Strategy on Turnkey Properties (Condo, Townhouse, and Apartment)
Hello BPCan you use BRRRR Strategy on Turnkey Properties (Condo, Townhouse, and Apartment)?
Shem Varhaftik
Does Multifamily/Commercial zone add value
I made an offer on a property today, but unfortunately, it was not accepted. I informed the seller that I would do my due diligence to see if I could get closer to their asking price. I wasn't unprepared—I had a cle...
Chris Pickett
When to do remodel
I have a primary residences that is in a great area that I’m looking to rent out within the next year or two. My question is, if I want to remodel aspects of it to increases its valuation does it make sense to wait un...
James LaFarr
Reserves for Repairs
For repairs, do you use a percent of gross rent or do you use a flat number, like say $100 per unit? To me, it seems to make more sense to use a flat number since repairs don’t seem like they’d cost more in a 1000 sqf...
Brett Arceneaux
Adding rooms in existing square footage
Does adding a bedroom in existing square footage necessarily increase arv? We just bought brrrr house that is about 1650 sq ft. With 3 bedrooms 2 bathrooms. There’s room to comfortable add a 4th bedroom easily. I kn...
Ryan Brown
Evaluating my 1st Multifamily Deal
Hi All,
I
am nearing an offer on my first multi-family deal in Riverton, Wyoming. I am
doing my best to be thorough in my property evaluation and approach
this as a business rather than a hobby, but recognize I...