Nathan Ruffrage
HELOC increase without closing costs
Hey there!!!I’m an investor with a Heloc on a property that is very low. The property is valued three times that of the current line of credit. I understand some banks will simply increase your line of credit without ...
Oladimeji Sonibare
Increasing value of multifamily properties
Hey, All.
I'm looking to purchase a mid-sized multifamily property with a partner. He's providing the bulk of the funding; I'm analyzing the deal. Where I'm stuck is figuring out how to add value. I understand that M...
Carlos Lez
Palo Alto Rent increase rules
While statewide AB1482 caps rents to the lesser of 5%+CPI or 10% in a 12 month period what happens after the annual lease expires? i.e. the 12 month period is over. Are rent increases still capped for really low rent...
Jon Weaver
Increasing rent. Owner occupied duplex
Hey BP,My wife and I recently bought our first investment property as a owner occupied duplex. We moved into one side and the tenants on the other sides lease is up Dec 31 2021. The current rent is about $400/mo lower...
Paul Garcia
Water Meter Issue - 140% Increase
Hi All,
I'm having a water meter issue in Chicago. My water bill has typically showed ~22,000 gallons of usage for a two month period. This is a 4 unit property with 4 washing machines and 7 bathrooms.
My most rece...
Jonah Kolsrud
Creative Ways to Increase Cashflows
Hey BP members,In a market which is fiercely competitive, I am looking to figure out how I can make numbers on potential properties be even more profitable with such limited inventory. I have seen in previous posts (s...
Daniel Meyer
Rent increase and pet fees
Hi good people. I have a tenant that I inherited when I purchased my current building. She has been in her unit since 2011. There is no lease that was shared with me when I purchased the building. The tenant was grand...
Keely Aldinger
Lease Renewal and Rent Increase
Closed on our MFH in Chelsea, MA this past Monday. We have two sets of inherited tenants and will be occupying this property. The current tenant's leases end on 8/31/21.Unit 1 - 3 bedroom currently under market at $18...
Brian Allen
Rent increase from kitchen remodel
Hi Everyone,My father recently moved in with me and he wants to rent out his house. His kitchen needs a light remodel and at a minimum the cabinets need to be refinished and painted as well as the walls. Im trying to ...
Eric Bunratty
Creative ways to increase cashflow!
Hey BP! I am just getting started in both the real estate and BP worlds -- I love the fact that, as owners, we have the ability to pull on different cost-levers to increase the performance of our properties! I have a ...