Eric Johnson
Question from a Novice
I just viewed a potential investment property that's pretty much a turnkey with some minor repairs. However, I got to wondering, can one obtain multiple conventional loans? In other words, if I invest in this proper...
Matt Fitzgerald
2 family used as 1 family - what does this mean?
I'm looking at a multifamily property in Boston, MA and it says "This home is a legal 2-family but used as a single family with a 1 bedroom in law apartment." When I look the property up on the city of Boston assessi...
Gerard Aliberti
Capex Logic for 1st purchase
Hello all, I want to make sure I'm getting my CapEx logic correct for my first purchase. Most examples I see show the life expectancy for a particular item as its full life span. For example, a monthly cost for a roo...
Jordan Ness
Inserting a buying broker
If We called the listing agent off MLS, we are proceeding to an accepted offer and going under contract, and we don’t think the selling broker seems like they are representing our interests correctly, can we insert a ...
Tammy Skeath
1031 exchange of greater value into multifamily
Hello BP members,We are in the middle of a 1031 exchange. We sold a property in FL for 440k. What we have in the exchange after escrow is 379k. We are looking at a multifamily property in another state for 1.6 million...
Romar Watson
Dud or Deal #1 (Cost/Profit Analysis)
I'm still within the research and development stage of the Buy&Hold business but I've come across a a listing within the near town of Petersburg, VA. It has just hit the market at $175 for a 4 unit multi-family ...
Jody Ho
Records to keep for foundation repair
I am in contract with the seller on a property, which have done some foundation repair. However, I wasn't able to find any permit record from the city, and the seller couldn't provide sufficient paper work (only one r...
Zach Fulton
Made a costly mistake regarding asbestos(Vermiculite insulation) on my first
I bought my first renovate and hold property. I was aware of the vermiculite insulation(That has the risk of containing asbestos) but knew it didn't serve as a threat as long as it wasn't disturbed. My plan with the l...
Brock Holliman
Brand New Multi-Family Build 2 Rent
Investment Info:
Large multi-family (5+ units) other investment.
Sale price: $1,330,000
This is one of 5 buildings that we are starting on! Each building includes 7 individual "Townhomes For Rent". The...
Joe Pitrolo
HUD DENYING RENT ?
Does anyone know if you can appeal a HUD decision to abate a rental payment for a unit not passing inspection in time?
They sent the abatement and cutoff letter to the wrong address so I wasn't aware of the cutoff d...