Hello BP! I currently own a duplex and have a question regarding using RUBS for gas usage. This formula is already in place for water, but here's the issue with gas -- both units use gas heat, however only one unit ...
I'm considering a single apartment as an investment, any experience to share would be great.
Hey guys! So my neighbor is really sick and it doesn’t look like he’s going to make it. We have been really close with him for years. He’s the man but his family is not very polite. I am wondering how to (if this is e...
Wasn't sure where to post this. Former tenant yanked me around. I got a judgement for over 4K. The though occurred to me today: if he passes away, would his estate have to pay me off?
Investment Info:
Small multi-family (2-4 units) buy & hold investment in Somerville.
Purchase price: $153,000
Cash invested: $400,000
Traditional working class mult family carry original charm in...
Hello BP members,The past several years I've simply used TurboTax when filing my taxes. However, now that I own and occupy a multifamily home, I feel as though it would be beneficial to work with a tax professional t...
I am in the process of borrowing money from a family member for some remodeling. My accountant will be tracking payments, interest and principle paydown for us. For the actual contract, short of going to an attorney...
Hey all,Let's consider a scenario: An older family member is moving to town and buying a house. This person will put a significant portion (50%) down, so there will be plenty of equity in the property. This family mem...
I received a call today from a woman who is renting a home but the owner has passed away and the bank will be taking it back. The house is 5 mo. behind on payments but is in great condition and the renter wants to st...
Anybody know what the multi-family cap rate is in Minneapolis?