Hi All,Not sure if it’s better to 1031 during a red hot economy like it is now or if it’s better to wait til things cool off. I understand I’ll get paid more for what I sell and sell it quicker, but I have a higher li...
Hey BP. I have a tenant that is complaining of a broken vanity door and mirror. I had an inspection of the property prior to be buying it 6 months ago and it was fine then. The tenant expects to have me fix the vanity...
Hi all,I'm closing on triplex here in the next couple of weeks (yay!) and went to my regular insurance guy to grab a quote/binder. My lender red flagged it for me when the binder came in as the coverage was for a litt...
A tenant informed me there is excessive condensation on the windows on one side of the unit. At first I assumed he was exaggerating until I took a look at it myself. It's a north facing wall that doesn't really get an...
Being in the second highest city with the worst foundation issues, would cement piers do better or just regular pier and beam? After so many years how long is it until you have to remove the cement post and replace th...
Just wondering what the correct way to do things are. I currently have homeowners insurance on what i owe on my rental (80k) not the value of the property (105K). Should my rental be insured for the full value of the ...
I am interested in selling 5 single family rentals and purchasing one multi family property. After reading through a variety of resources on similar scenarios I am left with questions about how to construct a viable s...
Hello BiggerPockets!I've got a duplex under contract and will be using a streamline FHA 203k loan to bundle a renovation budget of around 29.2k (the limit for Streamline once fees & contingency buffer are included...
So what numbers/returns do you use when updating your units? To me it's not as simple as regular ROI calcs because the upgraded don't last forever. My apartments are a little tired and I'm hoping I can get an extra $1...
Hi Everyone,I am looking to see if anyone is able to offer any advice on my current situation. Any help would be greatly appreciated!I currently reside in Chicago and bought my first property, a duplex, in August 202...