Anthony O. Porter
Why are agents including financials, NOI and cap rate in their li
Why are agents including financials, NOI and cap rate in their listing for duplexes, triplexes and fourplexes to arrive at the property value when the value is based on comparables. My understanding is that financial...
Kimberlyn L Moultrie
Getting Property Under Contract- On Market
can anyone tell me if they’ve experienced this before.. or if this is common.. so I am getting a property under contract, great. I review and sign the agent’s contract and it appeared to be signed by all other parties...
Matthew Kirchmyer
From individual to 2-person ownership with DSCR loan
I'm selling a house in North Carolina and buying one with my friend in California. Both are SFR rentals so I want to do a 1031 exchange.
We are doing a "Dscr" loan and the banker said it needs to be bought in an LLC....
Stephen Torti
Margin Per Apartment in Multi?
Hi BP, has anyone tracked their margin per apartment? I've got some numbers from it and most are good but I'm not really sure what to compare it too. Is 25% per apartment good, 50%, 15%?
Erick Caffarello
Ratio Utility Billing (RUBS)
Greetings BP!I'm about to buy my first multi unit, and currently the owner pays gas, water, sewer, and trash. Also, the building is in need of significant repair and current rents are $375 for an efficiency up to $57...
Raden Mantuano
Where can I find the ACTUAL ownership type of a property?
Hey guys, So im trying to find out the ownership type of a property I’d like to get more details (Tenancy in common or joint tenancy). I use prop stream as a data provider for property information. The only thing i se...
Account Closed
Thoughts on how to handle a building with an infected tenant
Found out today I have an infected tenant in a duplex. Funny, for all my thoughts towards the impact of the virus, I never thought to wonder how I was going to handle an infected building - duh. I guess I'm much bette...
Daniel Dominguez
We need you help! We have a few questions
Hello everyone,We have a few questions as we get started seeing up our first rental property.1. Is it common practice to have the renter pay for the background check?2. Should we collect a security deposit and first/l...
Matt Lander
1031 Exchange Question
Hi BP,
I've done a good amount of research of 1031 Exchanges but have one final clarification that I'm still unsure on. In the "Like-Kind Exchange", you are required to purchase the next investment property at the s...
Troy Stoehr
Party Wall Agreements
Does anyone have any experience with Party Wall Agreements? I own 1/2 of a duplex that was sold in an auction and the other half was sold to another person (unfortunately...). Anyway - I just refinanced the prop...