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I went to look at a property and couldn't get financing through my current bank. I went and explained to the owner what was going on. (The owner flipped the house, if that matters).
Owner emailed back a day or so la...
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Hi all, I haven't had time to post here on BP lately because I've been kind of preoccupied with being pregnant (2 more months to go!), but we're having a potentially major issue with one of our properties and thought ...
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I need to upgrade my electrical service to 200 amps in order to install central heat and air in one of the three units in my building. Only problem is I have two other sets of tenets in the building. Is it acceptable ...
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How do you get the utilities like electricity and gas charged directly to the tenants instead of building it into the rent? I used to live in apartments and I paid the utilities directly without having to go through t...
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Hello BP!I have a 3 family in a nice area close to Brown University in Providence RI. Most rentals include laundry in there units or coin operated in basement, and as of now I have not done anything in regards to laun...
I’m on the process of purchasing a legal 2-flat in Chicago, with an unfinished basement. I plan to combine the first and second floor units into one unit for myself, and build out the basement as a rental unit (7.5 c...
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Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $1,215,000
Cash invested: $367,500
Used an interest-only loan and put down 30% to acquire this 2-unit buildi...
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Hello everyone,I am planning to remodel one unit in my Carmichael duplex. It's 1000 sq. feet, 2b/1ba. Everything original from 1978. Ideally, I'd love to understand a cost per sq. foot of repairs, not sure if it's pos...
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When I'm looking at houses to purchase as rental properties, a decent percentage still have fuse boxes. Many also have all or mostly two prong outlets. I feel like a lack of 3 prong outlets is impractical for modern l...
I've heard stories about people blowing out their budgets because of codes related to things like window size/height in bedrooms, electrical and plumbing stuff, even things like having to expand the waste lines when a...