Hello,I have a friend who bought his first duplex and did some bathroom reno. The reno job was done by my referral and the cost is very friendly - like under 5K in Boston. He claimed that he will file the renovation c...
What do you guys do when your contractors or subs up their prices per hour or per job for an exactly same type of work. As we move markets from NWI to some various suburbs of Chicago I am just wondering what differenc...
Hi folks!Here's the situation. We bought a building last year with this particular inherited tenant. She was on a year lease and paying under market, so when her lease expired in the spring, we raised her rent $30 (s...
I was just reading a thread about someone having to evict a deadbeat tenant and was curious to get some info from all our landlords on the site.
Of the tenants you've recently evicted, what percentage of you have b...
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $230,000
Cash invested: $7,000
Bought in 2001 and has tripled in value.
What made you interested i...
Hell everyone,I’m new to the Bigger Pockets platform and real estate investing in general, and I’ve learned so much over the past few days than I’ve ever learned in years about the real-estate asset class. I’m current...
I've read a lot about investors pooling money to create a small fund where one is the GP and the investors are the LP. Generally, the GP only invests 1-10% of the acquisition or development costs and structures the de...
Hi All,
I recently BRRRR’d a 4 bedroom SFH in Pittsburgh and had section 8 tenants move in at the end of Dec. The property was approved for section 8 but we have just recently found out that the tenants no longer q...
I’m working on my first property that my father and I bought. We’re having trouble finding good help that can do some labor jobs for us. What are some good websites or resources that you guys use to find good labor re...
Is there a "rule of thumb" regarding a ratio of income you should get from a rental property versus how much a mortgage payment is on that property. Obviously you are in it to make money, but is there a criteria that...