Jeremy Clark
Best refinance parameters
Hi everyone. Here is my scenario. I purchased a SFH and have a total of $120k into the property using some personal funds and and hard money. The property appraised for $180k. I would like to refinance and pull 35-4...
John Roesler
Lender shared appraisal with seller
In the process of closing on my second property, a duplex in Saint Paul, the appraisal came back with an asterisk related to some basement water issues. The lender won’t close until the seller addresses the issues. So...
Mae Jefferson
How Can I Analyze Deals With No Idea How Much Repairs Will Cost?
I am trying to practice analyzing deals but I always get stuck when it comes to renovations. Is there a standard or rule of thumb to estimate renovation costs? I know every property is different - does anyone have any...
Brent H.
What to do when guests leave behind personal items
It probably happens often but this is the first time a guest left a personal item found by our cleaner.In this case it looks like some sort of charger.Question: What is the best way to handle guests' personal items if...
Izaiah Daughton
City Code Violations
I have this current city owned I am getting ready to put an offer on. Are code repairs separate from renovation cost or would most of the renovations be factored in while fixing the code violations?
Andrew L.
Due Diligence
On smaller multi-family properties, how long do you guys take to perform your due diligence? I have a 10-day option period in my contract on this Tri-Plex I offered on. What say ye?
Beverly Buella
Purchased house with several antiques/collectibles
Hi there,My husband and I recently purchased a property with a ton of stuff that I thought was trash, but is actually valuable. Think Hoarders meets Antiques Roadshow. Has anyone gone through this process? We are in...
Jason C.
Taking items in lieu of rent
Hey, has anybody ever had any success in taking/holding other items until rent is caught up? A tenant who is well into the eviction process offered me part of the cash and to hold his four wheeler or car until rent...
Nazz Wang
What documents to request for Multifamily offers?
Hi BP Family,I am making an offer on my first multifamily building ever, so I want to know what doc's to request when making an offer.It is a 8 unit building with around a 9% cap rate. There are two store fronts and 6...
Ben Meller
Analyzing an inspection report to figure out repair costs.
Hi BP community,
My name is Ben Meller. I have a multi family property under contract in Scranton PA and an inspection was done yesterday.
I am relatively new to understanding the costs for the repairs and am not...