Eddie Cottingham
FHA - 2 Duplexes on one Lot
Hello BP! I have hidden in the shadows a good while doing much reading and familiarizing myself with various aspects of real estate investing.Now that I am looking at buying my first rental property, the more unique q...
Jacob Bowman
Landlord hiding fees in water and sewage
So my landlords sent a notice to everyone that is on a month to month lease that their rent will be going up by 100$ per month. However being I am on a 1 year lease at an agreed price I should be exempt from this rais...
Jason A.
utilities: heating solution (electric)
hi all, i am looking at a multi in Connecticut .... property is in good shape and the asking price is fair. rents are under market - reason being: electrical heat. nat gas is available, however, it is not piped in ......
Steven Tawresey
Advice for Off-Market Lead
I used to live in, and still own (albeit for 1 more week), a condo unit just outside of Metro Denver. While I was living there, I noticed a 2 story penthouse apartment that was vacant and in a state of disrepair. It h...
Greg M.
Bank Appraisal
Hello all, I am curious how exactly banks will appraise a multi unit commercial property. Its a 6 unit building so I know they will value it based of vacancy rate and rental income correct? Is there an exact formul...
Ayo Isijola
Newbie Repair Question
Hi BP, What would you call a minor repairs and a major repairs? Thank you, Ayo
Adam Craig
Looking to make first offer on an apartment - check my numbers?
After 7 years of the single family rental/flipping business I am finally ready to get my feet wet with a small apartment building. I have lots of single family experience but I am hoping for some guidance on my first ...
Eric Donaldson
Splitting water and sewer in a duplex - worth it?
We have a slow water leak near the foundation and have decided to run a new line to the duplex from the town valve ~30 feet away. Above and beyond the expected repair cost, we are exploring using this as an opportunit...
Carl Fredrickson
Purposefully letting lease expire to raise rent?
My lease expires at the end of the month, but I hadn’t heard anything from the management about renewal. I contacted the front office today and the person I talked to let it slip that they’re about 2 months behind on ...
Luis Rodriguez
Two issues with my tenant...
My wife & I have a single mom with three kids upstairs. The mom is over all the time. We've even seen her in her PJ's multiple times. My wife has an issue with her being over all the time since it looks like she ...