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Question on electrical panel
My electric just installed electrical panel. I did not find any GFCI breakers. He said that the house does not need it due to the age. I am planning to rewire the whole house. I am not sure what he is doing is right. ...
Adam Drummond
any mobile home landlords out there????
Hey Everybody,Up to this point my real estate investing has been mostly buying, rehabbing, and selling for profit. I have kicked around the idea of buying individual mobile homes on their own land and using them as r...
Ken Latchers
Water Expense problem
Your advice appreciated with this dilemma:
I am about to close on a 6 family (1987 construction). Rent is currently $2100/month. There is one meter and I JUST found out the monthly water bill is like $300-$350 - I ...
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[Calc Review] Help me analyze this deal
Looking for some advice. This is a property in Indianapolis, IN. All the numbers are accurate. The purchase agreement was signed on 12/18.After receiving the inspection report I was very hesitant to continue. The sell...
Greg S.
Concerns about rehabbing a flood damaged house?
Hello everyone. I am a beginning real estate investor from NJ and am currently mailing to probates and out of state owners. The area I live in was pretty heavily hit by Hurricane Sandy. I'm about 5 miles from Seasi...
Cheryle Patterson
Tenant installed window AC in utitlies furnished rental
I have owned a 16 furnished room (dorm style) rental property for 14 years and never had a tenant do this. We rent the rooms for $395 per month and it includes power, water, sewer and garbage service. We keep the A/C...
Austin Davis
Thinking about Solar and Geothermal for 4plexes
Hello!I will start by saying that my goal is to have enough cash flow to support my family if I didn't have a job. To do this, I obviously want to purchase more properties, but also make the correct investments in m...
Patrick Chiles
Are you willing to help the homeless?
There is a program under HUD (Emergency Solutions Grant Program) that provides money and incentives to property owners to rent their properties to people who are currently experiencing homelessness. And within this p...
Tim Kersting
Necessary repairs vs unnecessary tenant requests
So the quick version of this is:My mom moved from the area (sf bay area to so-cal) and kept her house here. I am the "property manager" for the time being.We did as much as we could to get the place rent ready in the ...
Chuck B.
How do you "harden" your rentals?
Dear Pocketers,
How do you harden / bullet-proof your rentals?
While I've never had anyone utterly trash a rental of mine, I've seen the damage they can do first hand (typically when buying the rental and seeing ...