Julie I.
Low rent from the privious owner. How much should I raise the $$?
Hi! I purchased my first rental property this March, and there is an existing tenant. He has been living there for about five years, and currently, his 2-year lease is about to end in September. Since the previous own...
Spencer Krautkramer
How Much To Increase Rent?
I know this is a controversial topic, but what are people's thoughts? If you inherited tenants with below-market rent, how much is acceptable to raise it if they want to stay? Are there any limits on price increases i...
Rebecca Belnap
The Feds Raised the rate today
Just got an email that the fed raised the rate by .25 today. That was expected. What wasn't expected is that instead of planning to do 2 more increases in 2017, they said in the meeting that they are planning 3. I'...
Jon Haney
Forced Appreciation from Repairs?
Hi all, Recently my SF rental property had some pipes freeze and burst, causing a considerable amount of water damage to the house. After moving the tenant out, the property manager repaired the damage, and in the pro...
Lucas Duce
Fourplex Insurance Estimate?
Hey BP community,I have a quick question on insurance prices. I was wondering how much I can expect to pay for insurance on a $220K fourplex. I understand that a lot goes into quoting an insurance cost, but I am jus...
Thiago Oliveira
Brrrr a multi family
Is it possible for me to update a multi family,8 units, from outside. All Units are rented. I mean new fences, painting, fixing the pavement, adding car port and still get a good appraisal so I could get my money back?
James Syed
6 Unit Apartment Building, Is it a good deal?
Hello BP, I am interested in buying this 6 unit apartment building. 6 Unit Building, Each unit is 2 bedroom 1 bath, 725 sqftTotal rent $3400 per monthTaxes $459Insurance $250Repair & Maintenance $300Cap Ex $150Vac...
Jesse Moran
What interior upgrades to increase ARV for rental refi
Hello All,
We are looking at a house that was last upgraded in the 80s but want to know what you would do for upgrading the home that would increase the value for a REFI. Not adding bedrooms ect.
What do appraiser...
Brian Tran
Best Strategy to increasing ARV?
Hello everyone,I know for determining ARVs it depends on a variety of factors (area, neighborhood, condition, comps, etc) but from what you've noticed in your own personal deals and the final appraisal what are some t...
Aamir Young
Investment Opportunity Baltimore
I am researching a multi-unit property in Baltimore with great potential. However, some red flags caught my attention. First, the asking price is average in the area, but the seller's rent roll states that they are re...