Melissa N.
Accounting for unit turn
We are running numbers on a 9 unit near a large university. The owner states it is usually 100% occupied. I put in 5% for vacancy, 5% repairs and 6% cap ex (they just did the roof and parking lot as well as a few wate...
Chase Romine
FHA for a 4 plex!! Advice?
I’m currently saving up cash(almost have 10k) and am going to use a FHA loan to purchase a 4 plex. Now I understand running numbers and all but when it comes to having a handy man and roof guy to come out and help ins...
Charmaine M.
Has anyone Rehab/flip a property with fire damage?
Hi all,I am looking at a property with fire damage. The price is awesome and the area is a B class neighborhood, but it has extensive fire damage on the first floor ( it is a 2 family). No interior access is allowed...
McKellar Newsom
Would you buy a used split unit HVAC?
I just found out that I have a fan motor and compressor problem with my two 29 year old HVAC units. I purchased the property a few years back and am grateful the units have lasted as long as they have.
The fan mot...
Sandy Keller
Flow Meters in Multi Family Units
This past month we had to pay an extra $600 in water and sewer costs due to an undetected water leak. (unfortunately it is set so landloard pays water and sewer utilities) I really want to install flow meters so tha...
David Kim
Do you have any personal rules for when to file an insurance claim?
Historically, I've been very averse to filing insurance claims for fixing things like broken windows, since I worry about premiums going up too aggressively, and the general ability to get insured at all. I just kind ...
Rob Beland
Does this look familiar? who else has a garage/storage area like this?
Along the lines of DIY I thought I would share these couple pics of one of my garages. I buy refrigerators, carpet, stoves, etc...when I see a deal and store them along w a bunch of other stuff any DIY landlord nee...
Robert Curls
Capex or Opex? Maximizing my deductions
Hello BP!I know I should seek the advice of a competent CPA or Tax attorney, but I wanted to get some opinions of others prior. I understand you aren't giving tax or legal advice, so the disclaimer is out there.I hav...
James Aravena
How should I update Insurance Policies?
Hello everyone. There are two property In queens that my family owns and I manage! The original insurances are covering the original purchase price of the properties, which are 25% of the worth in this day and age. I ...
Eddie Maynard
Chicago Subcontractor Rec
BP has never let me down and now looking again for recommendation.Looking at purchasing primary residence that needs a decent amount of updating. Good amount is cosmetic but some wall removal, Master bath gut, etc. Ho...