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?
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?
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...
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...
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...
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...
When you walk through a property to estimate rehab costs, what online tools or apps do you use?If none of the tools out there fit your needs, what features would your ideal app have?
Ok you have a rental property for 7yrs the hvac needs to change or roof needs replacing What would you do?Upgrade those items and keep renting or sell off at discount? And how do you fund those repair items?
While analyzing a potential deal, I'm creating a pro forma and wanted to see what expense line items that I'm potentially missing. Can you guys offer some advice? It's a 7 unit apt building...Here's what I have:Fire...
Hi, my tenants just moved out and the property is a complete mess to the point where a full rehab may be needed. The security deposit is approximately 10% of total repairs so it won't cover most of the damages. What's...