Neil S.
Renting Vs. Live-in Flip
I am starting my first full time job in May and have been scouring the market in South Dakota for a residential multifamily deal to house hack in. It seems that in my area any of these types of properties are purchase...
Noah McPherson
How to manage BRRRR financing the right way
Hey BP!So let me get this straight. The HMLs I've been talking to on the phone offer me loans for a 12 month period. I plan to do a lot of the rehab on my BRRRR, so let's say it takes me 6 months to get it rehabbed an...
Ryan Sajdera
Interest Rates Increasing
Hey BP,Just wondering what everyone's thoughts were about the rising interest rates. Do you think we will ever see 8% interest rates again? If so, how do you possibly make money in REI if you are paying out the nose o...
Eric Gutierrez
Reducing Up Down Duplex Sound between floors
We have an up down early 1900s duplex that we are remodeling the lower unit (all new wiring. new kitchen, new bathroom etc.) We are looking into how to reduce the sound transmission between floors.
The ceiling had b...
Ross Gilchrist
How much slope is too much slope. Pass or move to Inspection..?
Hi BP community!Looking for some experienced assistance to help me through a negotiation for a 3 unit block apartment building built in the 70's with a slight sloping in the floor-plates towards the centre of the stru...
Elizabeth Chang
Concurrent Closing with HELOC to fund partial downpayment?
Hi all! I am based in NYC and looking to purchase a primary residence Condo in Manhattan. Has anyone successfully done a purchase with 20% down, 80% financing where the buyer only puts down 10% cash, the other 10% is ...
Joani Riley
Bad idea if we don’t have 20% down?
20% down vs PMI..Looking to buy a home with my partner. I have heard not to buy without 20% down because of PMI costs. But I’ve also heard that more frequently people are buying without 20% down now and PMI costs aren...
Nathan Waters
How much do you increase the rent each year?
I'm sure this varies based on local market conditions, but how much are you typically increasing the rent by? I only do 12 month leases so its convenient to up the rent with each lease renewal. But what percentage doe...
Joe Splitrock
What Do I Need To Know About Short Term Rental Taxes
We recently put a property under contract that will be our first short term rental. We have owned long term rentals for a number of years, so we are very familiar with how to track and handle expenses on that type of ...
Aladdin M.
Accidental New Roof - Opinions?
I woke to what initially was a funny call; I was told from the crew rehabbing a house in Indianapolis, IN that a new roof was accidentally installed on my house by another crew working for another rehabber.They said t...