Chris Fore
Weird Question on FHA 1 Year House Hack
Hi, thanks for taking a sec to read this post. I am interested in a house hack to start building a portfolio. I know that using the FHA program requires you to live in the unit for one year. Background: I work pri...
Ryan Doyle
Calculating Rehab Costs
We found a listing of a house for sale for $26,000 that is in foreclosure (3/2 with detached shop, built in 1975). My question is how do you calculate rehab costs when the property is being sold sight unseen? The l...
Chris G.
Weird 3 Day Notice Rule
Just wanted to see if anyone had a good clue as to why this rule/ law was made. We manage properties in neighboring counties but only have a physical office in one of them. When we hand deliver 3 day notices in the co...
Tom Edwards
Address(es) for Rental Property LLC
Newbie here!I'd like to setup an LLC in Indiana for a rental property purchase and rental. I'll have a property manager manage the property. For the LLC address (physical and email) and for the business bank account a...
Christopher Mosher
Current 3 family with zoning options for 8 units instead.
I own a 3 family in the metro west area, 18 miles outside of Boston, Massachusetts. With the property size i have, the town will allow 8 units without any variances. the property is 310 feet long by 79 feet wide. The ...
Sam Dalton
PO BOX and LLC
When creating my LLC I was not allowed to use a PO Box and had to use my personal home address. Can I still get a PO Box under the LLC after I create the LLC with my state?
Patrick Sharr
Vacancy and Concessions Estimates
Hi,
I'm trying to get my repetitions up underwriting mock apartment scenarios. Looking for knowledge from the groups' experience. When thinking about vacancy, concessions, loss to lease, bad debt:
1) When initiall...
Brandon Yuan
Inspection for a 30 units Apartment
Hi all:I just got a 30 units apt offer accepted. Now here comes the fun (hard work) part. I have a few questions regards to physical inspection during due diligence that I'd appreciate some inputshould I just walk eac...
Ann Choe
Tenant passed away..
This elderly tenant signed the lease for one year. Paid first and last month rent. Started to move some boxes and light furniture in the next 2 days. On the 3'rd day, I received a phone call from her daughter who rep...
Paul Kennedy
Question about the "100 house" rule
Been reading J Scott's book about flipping, and came across the "100 house" rule. As a new investor looking to flip and look on the MLS for some houses, is asking a real estate agent to show me 100 house before I pote...