I've purchased, renovated, and leased 5 previously owner occupied single family homes over the past few years. As a local, I've been ahead of the out of state money in terms of neighborhoods I've invested in, but the...
Hi all! While driving through River Oaks a few times, I'm noticing some new custom construction in the old run down neighborhoods. However I'm not seeing any changes in the commercial side around the neighborhoods, bu...
Smoke detectors – Use actual smoke to test the sensor. By spraying smoke into the alarm, you get a true indication if the alarm works. The “test battery” button only test the battery. The sensor is just as important. ...
When you look properties to buy and hold, what are your deal-breakers? What, if you see/find it, will kill the deal for you?
Hello, BP world I recently closed my first multi family investment, in August here in Los Angeles. It's a triplex with approx 2200 cash flow.One of my tenants ,the 3bdr unit started calling me to complain about one o...
Looking to purchase a multi unit property however cash flow will be tight. I was thinking instead of renting out one of the 3 bedroom apartments for 1100.00 to rent each room out individually for 600.00 each. So i wil...
I own a four-plex and live in one of the apartments.One tenant's lease is up for renewal in early January. She is a single Mom who has had an undesirable "boyfriend" hanging around for several months. I'm not sure i...
My family's owned a mix use building in San Mateo, CA for close to 40 years now and we have a potential commercial tenant looking to fill our last vacancy. Now these tenants are trying to negotiate property tax and in...
Hi allI have a property in a beach community in Massachusetts which I want to move on. The price is 70k, and its in really bad shape. Houses in the area sell for 400k.I think the best course is to level the structure ...
Hello, BP! I started following BP and listening to the podcast a few years ago and have really been a lurker this whole time. I just finally took the REI leap when we purchased our first rental property from a famil...