Tanya Smith
Does 1% Rule apply to multifamily?
Hey all!! I am trying to analyze a few apartment complexes all around 24-36 units. My question(s) as you can see from above is "does the 1% rule apply when analyzing apartment buildings???" What are the main numbers ...
Benjamin Richards
Found out new tenant has criminal charges pending
So this is great. I just accepted a family in our condo with great income and credit. Credit and background checks passed. But now my wife found stories in the news that the guy is facing felony charges surrounding hi...
Kathleen Steele
Need help ejecting family member without lease who hasn't paid a.
Hi BP friends. I did the ultimate no no, my niece and her union plumber husband needs a place to stay in town, and I let them stay with me if he plumb my bathroom and does a little fixing up. Was specific in verbal fi...
Mark Graffagnino
Paying A Seller Post-Closing
I've got a potential unusual situation on a deal. i had an offer accepted on a vacant house; owner is in default on the loan and way upside down. The lender told him "make us an offer" to buy the property outright....
John Slater
Foreclosure Fraud Prevention Acts... how serious are they?
I keep seeing posts about "you should be careful" and "you can get in a lot of trouble" for working with homeowners in foreclosure.I hear people say "some states have laws" to protect homeowners in foreclosure, and "E...
N/A N/A
Afraid to tell the apartment manager
I am a renter and my rent has always been on time and I try to take the best care of my apartment as I can. Now I have a problem and I am afraid to tell the manager about it. I really need your advice on how I shoul...
Jeffrey Page
Providing Streaming Services in STR
Hello,I was just cleared to close my first STR in Deep Creek Lake, MD. The closing is on Monday. Woo hoo! The property is turn key from a previous investor. So, I’m ready to hit the ground running with majority of the...
Wogderess H.
Evaluating a commercial retail building
hey guys I know how to evaluate a multifamily apartment building. But recently I came across a commercial building with retail stores. How do you evaluate something like that? Purchase price is 450K5 stores leased at ...
Oscar J Osorio
Buy and hold investor
I am an investor in Washington state, but my real estate interests are aimed at the Illinois market.I am learning and enjoying my journey and studying everything coming my way, hopefully I will listen and learn from a...
Jennifer Hillberg
paying a friend to help
Quick question --
I want to pay a friend to help me with some labor fixing up a house. I'm going to pay her by the hour. I don't want to pay payroll taxes or anything like that - I just want to give her cash for hel...