David Kuhlke
What's a good cap rate for an 11 unit apartment in the Midwest?
Hello BP,I'm looking at a deal, and I need help determining what qualifies as a "good" cap rate for small apartments in the Midwest.Here are the details:11 unit apartmentAsking price: $1.4 millionMonthly rent total: $...
Tina Lee
My experience with property management company
When I self manage my own property the repair are minimal, once turn over property management there is repairs from time to time and I don’t make much money. As well tenant turn over are higher because they increase m...
Joe Kato
best heating boiler for MFR
I have a 3 story 3 fam with separate utilities and the 2nd floor boiler need replacement in the near future.. Its stamped 1981, and there are burn marks on the outside of it.. The tenants are seeing high gas bills...
Melissa Ewbank
Live in your first flip, yea or nay?
Interested to hear what some experienced flippers would say about living in your first flip. Yes? No? I'm looking at a potential REO property as my first flip, however the bank has a requirement that the new owners...
Michaela G.
Big problem tenant is threatening....again
I have a huge problem tenant.....I'm not going to go into all of the details.
Anyway, there are 3 ways for tenants to pay the rent: Give it to me in person (because I used to live half a block from the creative comm...
Joshua Dorkin
Diary of a New Construction Project
Back in March 2013, BiggerPockets and J Scott collaborated to release two books -- The Book on Flipping Houses and The Book on Estimating Rehab Costs (check them out here if you haven't already). As part of the book ...
Angela Vargas
"What Happens 10 yrs from now is not your problem"
I was recently on a phone conversation with a fix and flip investor who was giving me advise on rehab costs. I explained that a particular house I was thinking of walking away from was not a good deal because it was t...
Holly Jackson
Landlords: What would it take to get you to allow pets?
(Myself and the slightly disheveled dog that's causing all kinds of grief as we rental house hunt)Hi, everybody. My husband and I have been looking to rent a house in the Seattle area. I am a dog owner and I am findin...
Brian Wilson
Mice Under Flooring - Need input
So bottom line up front, I’ve placed traps. Caught 2 larger mice and 1 vol inside my property. This has been over the span of 2 months. Despite still feeling scratching anytime I kneel down on the floor. I haven’t cau...
Gabe C.
Pimp my kitchen?
I just closed on a place today (4/3/1), and we've shown it to a few prospective tenants, who are interested, but think the kitchen is dumpy and want either a rent reduction or a facelift for our asking price ($1500). ...