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Buying a 2 family (last stages, appraisal right now) in Jersey City - Bergen/Lafayette area, right next to MLK light rail. Great location, ok price. Its a conversion from single family and seller hasnt approved ANY of...
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I have 1 section 8 tenant and they have been good for years. Today I received a letter stating i failed inspection for items like a hole in a door and broken garage window. These are all items the tenant should be res...
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I am looking for some counsel on a situation for one of my rental properties.Situation: American Electric Company (AEP) contacted me regarding a utility easement (dating back to 1950) on my property. They want to repl...
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Hello BP, What kind of document would you create to show banks/lenders/potential investors your business plan in order to better secure funding? Examples would be much appreciated. Thanks
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i currently own a duplex and have been land lording for 18 yrs. i have found a potential investment opportunity 30 miles away. it is located in a community slated for substantial growth over the next decade due to th...
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I recently purchased my first building, a 4 unit that I live in, in Chicago with a Fannie loan at 5% down. A part of the building is going through a renovation and that triggered some old mental health issues with a m...
My wife and I own a three unit building and occupy one of the units, as well as a separate large undeveloped block of land. She works full-time and I work half time as a consultant. We have passive loss rollovers from...
We are part of an apartment syndication in a lender position, not equity position. We received interest for quite awhile with January being the last time we received any. During the course of this, they re-wrote the p...
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All:
Is it possible to 1031 into new construction or a development?
I have a 77k net from a 372k sales price on a property I just sold and wanted to see if it was possible to use that as a portion of monies re...
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Having my inspection on a 3-unit multi family house tomorrow in NYC. Would love any advice on what to look out for from experienced investors! Anything that inspectors sometimes miss and to ask about?