Michael Stole
Quality control of a new construction
Hello, folks. I am recently concern with quality control in building a new house. What could be measures of quality of a builder's work? And can I make the compensation contingent on these measures of quality in the c...
Ed L.
Capitol improvement effect on 50%
I've been thinking over the 50% guideline and have spotted a hole in the analysis.
Say for example there is a house for 50k. House rents for $800 x 50%=400. P&i $300 and $100 cash flow. Good deal right?
No...
John Franczyk
Getting rid of the cat smells
I've seen a number of posts on BR about houses that have bad aromas from trash, dead animals, etc., but I haven't found the best advice yet on getting rid of cat smells. Here's the situation:3 BR 1 bath SFR in wester...
Paolo Umali
Adviser worried because I’m using savings for down
22 yo investor in Fort McMurray Alberta going through the financing condition on a property with a mortgage adviser. Started my career two years ago and saved up ever since for a 20% down on a property. Finally got en...
Corey W.
Seeking advice for 2FAM rental
Good morning!After going under contract on a deal, it was revealed that the property needs much more work than anticipated. I just wanted to get BP's thoughts.2 Family Buy and HoldOffer was accepted at $270kSeller is ...
Eric Tsang
Looking buy and hold outside of NYC
Hello BiggerPockets!I am very interested in the Buy and Hold strategy in real estate and was wondering if it is a bad idea to invest 3-4 hours outside your home? I bought my first home (3 family home in Brooklyn NY) i...
Joshua Vallario
Whats that smell?? HELP!
A tenant just moved out and when I did the final walkthrough, there was a pet odor, but nothing too crazy. I had my painter come in and paint (he is a personal friend) and I went in the next morning and the entire ho...
Deanna Woods
Renting a basement apartment
I am in the planning stages of building my forever home in Michigan. The house I have chosen is small. It will have a full basement with 9 foot ceilings. It has daylight windows on either side of a slider. I would lik...
Brian Scott
Determining cash flow while house hacking ?
Hey everyone. I am the owner of a 2 family MF in NJ. My mortgage is 3232.00. I rent the second floor for 2100 which leaves me with the remainder payment of 1132.
Am I generating cash flow since I have approximately 6...
Mike Nelson
New air conditioning system ideas for 100 year old single-family
I would like to have a new central air conditioning system installed for my 1,800 SF 100-year old single family victorian-style residence in Oak Park, IL. The home is a two-story, with a full basement and a full att...