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...
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 ...
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 ...
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...
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...
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...
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...
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...