Serge S.
What would you offer on this 40 unit
I'm looking at an off market 40 unit. It was purchased by an investor at trustee sale and nothing has been done since. Its empty at the moment.
40 units - 1 and 2 bedroom
$400 average rent = $16k gross potential
Fact...
Minna Reid
Mold
Is there some special consideration you give this? I looked at an REO today with Extreme mold. I mean I've never seen anything like it. Supposedly the pipes burst, to me it looks like someone turned the water on and w...
Jeff Kehl
Older Apartment Buildings
I was recently under contract for an older apartment building and have backed out of the deal because of problems uncovered during the inspection process.
I'm now looking at another older building and I'd be interest...
Yuriy Kaunzinger
To buy or not to buy? (First deal cold feet)
Hi everyone!
Long time member, semi-first time poster. Here’s my situation: I was bitten by the real estate bug in my senior year of college (2-ish years ago) after reading Rich Dad Poor Dad. After a long time of rea...
Patrick Menefee
Rehab for dummies (I’m the dummy)
Good morning BPAs I spend more time practicing analyzing deals I know the rehab piece is one spot i need some help. I’ve heard plenty of warnings about misestimated rehab costs, and i know that this is definitely not...
Margarita Bozhenkova
Seeking Advice on Challenging Partnership: How to Minimize Losses and Move Forward
Hi BiggerPockets Fam,
I’m reaching out for advice regarding a challenging situation my husband and I are facing with a real estate investment. We entered into a partnership to purchase a mobile home for $105,000 with...
Account Closed
Medford condo- rent or sell?
Curious what other people's opinions are. I'm going to be moving into a larger house, and have been going back and forth on whether I want to sell my Medford condo or rent it. Over the past several years it has gone...
Jaskanwal Preet Singh Chhabra
Permitting for adding more rooms without changing sq ft
Hello, I am an investor in Austin, Tx. I am looking at a 4 bed 2.5 bath property in Pfugerville, TX that I am planning to rent out as a co-living space (rent by the room on Padsplit). I will be converting it into a 8 ...
James L.
Turning a short sale into a 1st. position note acquisiton?
This is my first post on BP. I have used the search function and gone through the notes section and have yet to find answers relating to my current circumstance. If these questions have been asked before I ap...
Brett Wagner
Apartment Investing Rookie
So, I've been working on saving for an investment property (1st one) and along comes an opportunity to buy an apartment building (6 units; $130k). It needs a lot of work, but it is fully occupied with long-term tenan...