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Hey BP family - I am very new to RE Investing. I decided to make RE Investment a focus a year ago, and as of four weeks ago, my wife and I have picked up five properties. Below I tried to give a brief overview of my c...
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Hi Everyone,I'm currently under contract for a 4-unit building. All units occupied, all tenants are paying (according to the seller).Issue: Current rent is $300/month per unit. Average for the area is $600/month (acco...
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We have a few condos in a complex that are older style units (20-30 years old), the rent varies in the complex we see some people remodeling the entire inside of 2b2b and getting $1600-1800 in rent while others that h...
For example, I got a property valued at $100,000, produces $500 of positive cashflow. Over a few years, it depreciates by 20% and the property's valued at $80,000. Would the amount of rent decrease as well?Also say ...
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I’ve seen a lot of potential rentals on the market that currently have tenants that would like to stay. Obviously this makes life of a future landlord a little easier to start, but if the numbers don’t make sense at t...
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Are you raising rents? If so, what percentage % ? Single family, long term rentals. We have ok tenants who don’t complain much. They do accumulate trash, old tires on the property. Units re-lease in 10 days or less...
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I need your help! I purchased a 3/2.5 condo. It's in pretty decent shape, but the complex that the condo is located in does not have the best reviews (3.2 stars), to be exact. There is a similar condo in the community...
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How does an inground swimming pool affect the selling price of a property. I am working with the seller of a nice 2500 ft2 3/3 home in good condition and we are looking @ around $230K for a selling price but he wants...
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Hi BP community,I am shopping for insurance on an investment property (duplex) located in Lakewood, CO. I know insurance varies by coverage amount, exact location, property condition and several other factors but I wo...
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I am currently under contract to purchase a tenant-occupied rental property. The current tenant has been in the property for more than 10 years, has never had a single late payment, and keeps the property in exception...