I have a rental property that I've just taken over from my parents who are in their 90's. One of the tenants has been there for 18 years.5they are excellent tenants, pay on time, clean and never complain... however t...
Funny but not so funny occurrence --Im a new landlord and my tenants just moved in today. I got a call that the bathtub wasn't draining. I asked them to use the drano I provided first. They did and said it didn't work...
Hi there!I'm new to multifamily and am looking to understand what sort of loans I will qualify for when trying to purchase a 16+ unit. I understand I'm most likely looking at 25% down with 6 months of PITI reserves.My...
I think I've got a great deal in front of me but haven't done a Condo Conversion yet... Still working out money details, so I don't have those totally clear yet, but the City seems very encouraging and I know thats a...
I had a seller ask me, "When a home is under contract can the seller still attempt to sell?" I was going to tell the seller no it's not possible to do if it is under contract. Of course I don't want the seller to se...
Hello everyone, I wanted to know if $30/hour in North Jersey is a reasonable or too high to pay a contractor for labor. He is someone I know that is very good. He just started to be self employed and has no real exp...
I had someone contact me about selling his land. It's 1 Acre and it has an old abandoned Mobile home on it. It's been abandoned about 8 months. The land cam be used for commerical or residential. He inherited the l...
Diary of Rehab / Buy and Hold:Hi,I thought I’d post my (minor) rehab to this forum. This website has really helped me out and I hope this will help someone take the plunge a little bit more comfortably. I’ll attempt...
I've been working on a project that is a larger-scale version of the "house hacking" that @Brandon Turner and @Joshua Dorkin are big proponents of. Essentially, rather than fixing up an under-valued house, I'm trying ...
Hey, BP!Hope all is well. I'm fairly new to BP & I've been doing due diligence on how to do simultaneous closings. I've been reading through your posts & looking at your recommendations.Here in FL there are a ...