Sasha P-S
Laundromat side hustle?
Hi all, I hope everyone is doing well! :)
I own one rental property. I am exploring in the potential of buying a cash flowing laundromat as a side hustle while I work my full-time job.Anyone who owns a laundromat her...
Marvin Meng
1031 with rehab questions
Hi all!
I'm getting ready to sell a SFR and a 3-plex; the sfr I've owned for over 10 years, the 3-plex about four. I plan on speaking to my accountant to determine if a 1031 is advantageous to start with. Assuming t...
Jose A. Gonzalez
Financing Rental Units
Hello everyone! I hope everyone is doing good and staying safe through this tough period. My question is about financing properties; how many units do you finance at the same time? How much are you willing to go in de...
Lucas Hammer
Allowable Expenses for House Hacking
So my wife and I are in a contract to purchase a 2-flat and we'll be living in one unit while renting the other one. I know that expenses for upgrades and repairs can be written off, but I found it hard to figure out ...
Tamar Mar
Due Diligence Checklist for MF?
I just had my very first offer accepted on my first apartment building in Spokane, WA - a 15-unit with rents $250/door under market. We have a 10 day feasibility period. What due diligence checklists do you like usi...
Rafael Barbosa
Does the 50% rule exist in Massachusetts?
Is the 50% rule and the 2% rule/test even possible in Massachusetts?
Jason Belisario
How do you think about upgrading aging properties, rent growth, and opex savings?
I would love to get some perspective on how multifamily owners think about maintaining aging properties, rent growth, and savings on operating expenses. Please comment if you're open to chat!
Currently working on a p...
Remone R.
Increasing Noi in a four flex property
i was watching a video on youtube about purchasing multifamily properties and posed a question. The instructor mentioned that increasing the NOI i.e. rents in a four unit or less property doesn't increase the value, B...
Reggie Youngblood
Help With Offer On First Apartment Complex
I came across a seller that was looking to sell a 8 unit apartment complex out here in Houston. Problem is, I have no idea on how to evaluate the property to make an offer. I have the rent roll and P&L statement...
Anas Athar
Farm Land Purchase in Texas
Dear BP members, I am interested in buying farmland. I have someone who will manage the property for me, and he will be partnering with me on raising cattle. I have never bought farmland. What are the things I should ...