Burt L.
My Buyers Each Wanted This Three-plex, Until it Became Apparent It Was Only a Legal Duplex!
I have a three-plex under contract that each buyer who has seen it has said they like the numbers on and want the property. It is priced at 215K and has rents of $2,050 which are easily increased to $2,500-$2600.
It...
Shelley L.
High Land Value by County Assessment
Hello I am trying to determine the depreciation schedule for my new rental. The County website is saying my rental value is 70% land 30% building. I’m wondering is that the norm here in LA (suburbs) or should I get an...
Weng L.
The community has only 2 units. Is HOA required?
I am buying a new construction duplex from a builder. However, each unit of this duplex has its own property ID (aka parcel ID or folio ID), so they are 2 properties technically, and they are called "condo" in the cou...
Jacob Beg
Will this invalidate an insurance claim?
Hi All- I purchased a property from a Trustee foreclosure sale. The risk of loss (fire, accident etc) passes on to the purchaser from the purchase date. It took me a few days to get in touch with the occupant who was ...
Rich Hupper
Probate Court Case Types
HelloI am trying to better understand probate case types, as they are filed at the court house. If anyone can provide me with a brief summary of the case types it would be helpful.1) Domestic relations custody support...
Gerald Weathersby
Land Development in North Concord, NC.
Hello:I have land located in North Concord. A huge trac development has been built all around my acreage. Probably could build 35 homes on 9000 sq ft lots. Any info on the best way to get land developed and homes b...
Marco Werner
Construction near power lines
Hi all, I am looking to buy a property where I want to construct a 3-story ADU in the back of the property (replacing a garage). The challenge I am running into is that there is a power line right behind the garage. H...
Won Kim
Tampa, FL area (Newbie)
Hello,A friend told me about this site/podcast and decided to join.A question that I had for people around my area is:What are some FL location specific costs that they have noticed while rehabbing/flipping/investing?...
Dan Kennerson
Questions about Section 42 Existing apartments for sale
Hey BP!I'm looking at an apartment building in a decent area (B/C class but well maintained, clean, and friendly small-ish town) and I'm trying to find the catch. I found this BP post which led me to this document, wh...
Matt Z.
Converting a 2-family back to 3-family - any experiences?
Hi BP Forums,Have a question that may be tough to answer - it's probably very dependent on local regulation. But I need to start somewhere, and formulate my approach...I viewed a 2-family house yesterday. Beautiful ...