Account Closed
My first rental property
I’m in the process of closing my first rental it’s a solid single family but does require some rehabilitation. (New roof and cosmetic inside) The question or problem I’m facing is during negotiations I did not analyze...
Dexter Harris
What’s a Rule of thumb?
What’s a rule of thumb for Utilities (Water and Sewage, Electric, Gas) per door number? If there is a such a rule? I’m aware of the RUBS system. If you don’t have the historical from last year, can we use a number per...
Jeff Quinlan
Cash on Cash return for Apartments
Hello All, I am new to Apartment investing. I am curious for those that invest in this space what you shoot for as a minimum for ConC return??
Michael Frank
Landlord Time Commitment
I am very interested in trying the house hacking concept in the near future with a duplex and I am still in the research stage. I'd really like to know how much of a time commitment being a landlord is before diving i...
Prash Aksh
Multi Family homes in Meridian ID
Hello All,
I am planning to make my first investment on a Multi family property in Meridian ID. I would like to have some inputs on the location. Are there any no no places to avoid in this area? How friendly is ADA ...
Shannon Cannon
Insurance on multifamily?
I'm trying to crunch some numbers for purchase of an 8 plex. Can someone give me an apx price for insurance? I know this varies greatly, just trying to get an idea. Thanks so much!!Shannon
Mike Finn
Tax implications of selling a rental property
Hey everyone, new to BP and have lots of questions. Sorry if this question is too broad or basic.I am trying to understand a basic tax scenario. Let’s say you sell a rental property for a 100k profit (just to make it ...
Chiung-Yi Tseng
Beginner friendly lenders and strategies
I have few SFH and want to expand to MFH. I heard lenders want to see MFH experience from the applicants. How do beginners start and obtain loans? Can you recommend friendly lenders? I'm happy to start small.
Colleen Prescott
What do lenders usually require for a down payment?
I’m curious to know what lenders usually require for a down payment on multi family properties? Is it usually 20% down with a certain amount in the bank in case renters are not immediately found?
Also, do loans differ...
Joel Hecker
Inheriting M2M tenant who smokes - give them the boot?
I'm debating buying a 3 unit where the existing tenant in the top unit clearly smokes in the unit (cigarette in ash tray in listing photo). Do I ride him out and take the guaranteed money, then mitigate after he leave...