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Renovating a "Classic" bathroom for $3k?
Hello, I have a 6x8 bathroom that has that common classic look that probably dates back to the 40s.It's of my opinion this style lowers the perceived value of the house.Do you have suggestions on how I can class this ...
Benjamin Maughmer
Selling my rental in Texas on a wrap-arbitrage play
I smell an opportunity. The property and financing - Bought my 1st rental property (2019 new construction 3/2 with a 5 year home warranty) which I paid 20% down at 139k and refinaced in 2020 108k at 3.75% on a 20 yea...
Tony Kim
Just bought a 4-Unit in LA - Question regarding existing leases
Hello,I just closed on a 4 unit property in the city of Los Angeles with existing tenants. During the escrow process, I received estoppels from each of the tenants attesting to an existing lease agreement with the pri...
James Whitehead
Portfolio of six homes, worth the investment?
This is potentially going to be my first deal so I apologies in advance if my info and idea isn't as succinct as it could be.My wife's family is in Louisiana and looking to sell 6 rental homes as they are moving out o...
Therese V.
What is MIRR (Manager's Initial Rate of Return)?
I was reading a thread on here and someone brought up MIRR (Manager's Initial Rate of Return) in passing. What is this, what does it tell me, and how do I calculate it? Why do I want to know this?Thank you for any res...
Jen Hoang
Should I replace the furnace and water heater?
I have my first property BRRRR deal, the furnace is old but in working condition and so is the water heater. The house also doesn't have AC. Would it affect the ARV greatly if I don't change these items?
James Rodgers
Average cap rate for a D class neighborhood
Who can tell me what the typical cap rate is in a D class neighborhood? Making an offer on an eight unit apartment complex, fully occupied in good condition.You can definitely tell me what is the best and worst you've...
Tado Marinho
how do i value a MHP with private sewerage and/or private water
Hello BPers,how does one value a MHP on private sewage and/or private water? what expense ratio should i use? also what sort of cap rate should i apply?
Isaiah Williams
Renting out extra bedrooms in your own personal house.
So I bought myself a 3 bed 2 bath 1200 sq ft house in the beginning of this year, but It is just me in the house since I live alone. I've been looking at ways to save money so that I can build up my capital, and I cam...
Jimmy Kong
How to get a non paying tenant out of a garage- New York City
Hi,
I rent out a garage in New york city. Tenant has stopped making payments for over 6 months, have not been answering calls and is no where to be found. I have tried to mail him legal forms but the address he liste...