Craig Moore
How much does your marketing budget impact your campaign?
Hi BP,New investor here and I've got a question here and would like your help/advice. I am beginning the process of wholesaling because I need more starting capital to start buying multi-families in the Boston area. H...
Frank Maratta
Church conversion to apartments
Hi everyone. I have an opportunity here to create apartments out of two historic church buildings. The church, and the second rectangular building to the left comprise about 19k-20k sq ft total. It has adequate parkin...
Karen Margrave
FANTASY DEALS
As a developer/builder there's always ideas swirling in my head about "fantasy projects" I'd like to do someday. One that is just outside our grasp right now, and I'm sure all of you have some too.
If you c...
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Landlord pays heat and hotwater
I have always read that you should never take over a rental property where the landlord/owner pays the heat & hotwater. What has the experience on the board been?? Has anyone ever taken over a small multi-family...
Gash Nag
How long do Well Maintained Condos Last
Hello Experts,
I am looking at buying a 25 year old Condo. This condo is very well maintained by the HOA and all the internal fixtures are well maitained and replaced by newer ones.
HOA has adequate reserves to main...
Jesse Vipond
Setting Up QuickBooks Online For Rental Properties... HELP!
Hey BP Pros!My partner and I, through an LLC, purchased our first two multi-family properties last year (one in April, the other in August), and I'm just now trying to get QuickBooks Online setup for our business. I'm...
Dave Ketcham
Cash-out refinancing as a tax strategy for retired owners?
A business partner of mine is in a partnership that owns an apartment building worth about $3M. They've been upgrading units as they've become vacant, which has reduced the monthly cash flow temporarily with expectat...
Anthony Simboli
Let's talk furnaces! Open to suggestions on how to move forward
Hey BP,I am about 2 weeks away from closing on another property (2 family duplex!). Like my other properties I seem to always find the ones with only 1 furnace. The age of the system is unknown but having some experie...
Chris Seveney
Bank Cut Reserves to 0.
While I am not surprised rates were cut to zero - bank reserves were also cut to zero as well. For those that are not familiar with lending, a major component to the crisis a decade ago was banks had to liquidate asse...
Jordan Quisenberry
2nd buy, hold, flip with minimal initial investment
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $68,100
Cash invested: $35,000
Sale price: $170,000
Bought a dilapidated foreclosure. Renovated the basics of ...