David Mejia
How much to invest to increase rent?
Hello guys. I have a duplex that is currently month to month with both tenants . I have recently reviewed the rentals rates in my area and seems we are currrently couple hundred below market. However, my units are not...
Francis V.
Max Liability/Umbrella Insurance in New York City + Agent recs?
Hi all - new to BP and still trying to figure out this websiteRegarding liability insurance, is there a rule of thumb to determine the total liability insurance needed (including umbrella) for rental condos in NYC?In ...
Anthony Ryan
Preliminary Analysis. How to account for rehab costs.
As a real estate agent, I think it would be a good idea to run at least a preliminary analysis on as many multifamily properties found in the MLS in my target area (greater Buffalo NY area). My concern is, how do I ac...
Sabine Franklin
Tenant keeps making repairs without notifying landlord
Good morning, Bigger Pockets,I could really use some advice about this situation. We have a tenant staying in a condo near Miami, Florida, these apartments are designated for over the age of 55. Over the years, there ...
Justin Montani
Loan Officers and RPI in Southern California
I am in the early stages of my rental property investment career, still saving money for my first property and reading up on investing strategies/advice. However, I have started taking action to see what I can afford ...
Ron A.
Variances - Legal & Architect Costs
Hi, a friend is interested in developing his property and he is trying to decide if applying for a variance is worth the cost.The land includes 2 properties, about 25' x 75' each and is located in the West Side area.T...
Philip LaRoche
A few questions about private money.
Hello everyone,First things first, I am very new at this and I have never used other people's money for anything in the past. I have one investment property that is working well. That being said I have a business part...
Mohammed Islam
Seller trying to keep EMD, financing fell through.
I was under contract for a property, and the financing fell through due to the property not meeting the lenders requirements and not being sufficient.
The seller is trying to keep the EMD as I have signed and request...
Aidan Birmingham
How to determine how much principal remains when balloon payment is due
I am closing a seller financing deal but am confused with how monthly payments are split up between principal and interest. How do I determine how much principal is owed at the 10 year mark for the balloon payment? I ...
Regina Jones
formula for Rehab costs on Flip and Fix.
I need to know the 2 minute formula for rehab cost. I'm finding homes that have good profit margin but the rehab cost is a little high. What is a formula that will work on most flips? I have one that I use but I wa...