I have a 4 plex ready to go. Two units are year round, two are mid term. I have been having a heck of a time finding insurance. My insurance agent tried Allstate but they said all units need to be occupied before they...
Hello, Starting to research about STR options/opportunities in Mexico (as a Canadian living in Canada). I understand that a fideicomiso is needed if we are wanting to own a property by a beach (which we would). Howeve...
I have another one I'd like to discuss. This is 5 mobile homes and one building being remodeled as a storage unit. 4 park owned homes and 1 tenant owned home. The POHs are $800 a month and the TOH is $300/month. Gross...
Opportunity knocks. I'm considering co-ownership as a capital providing partner in a new small business (barber shop) in Oklahoma. The demand requirement exists and there is a new plaza being built with an appropriate...
I am currently seeking a 1-4 unit multi family property in Philadelphia. I have been analyzing many properties to find one that fits my criteria. I am finding there are some expenses associated with being a landlord i...
I am looking to purchase rehab property in NJ. Property has five apartments, retail stores at ground level as well as separate small warehouse/office. Asking price range is around 500k.
Property requires rehab prior...
How can I correct cashflow issues if I have 3 properties? 2 are not cashflowing with the required expenses for vacancy at 10%, repairs at 10% and capital expenditures at 5%. Although I have 2 steady tenants in the pro...
Hey guys,
we are BAH (buy-and-hold) property owners that just separated our business account from personal.
To efficiently operate rentals, what business accounts would you recommend to have? Would you recommend:
-a s...
We are closing on our first duplex any day. Should I create a new checking and savings account strictly for rents/expenses? What are the advantages, as opposed to using our personal account which in this first year wi...
Hello BPers, wondering what the consensus is out there for categorizing capital vs operating for appliances? Window A/C units? Painting? Refinishing floors? Carpet? I'm leaning to treating it all as expenses.