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25/yrs old 4 plex first deal. Please help analyze.
Hello bigger pockets 😀This is my first multi family purchase. I am 25 years old and have experience in construction. I am a electrician and my brother is a electrician and a plumber. It's is in a area that in borderli...
Mike Butler
Landlord Email to Residents EXTREME COLD WEATHER ACTION
Attention Landlords and Property Managers
In my neck of the woods, we are having record setting extreme cold temperature that seem to keep lingering on and on. In the past, we are use to having a spike for ...
Michael Stole
Is my house safe at 27 temperature?
The lowest temperature in indianapolis is 27 these days, and I forgot to shut off the water in my house. I won't be back until this Friday. I am wondering whether my house is in danger now. Thanks.
Nate S.
Need a new Furnace, don't know what to decide.
Apparently I'm having a major Electric furnace problems since my Electric bill in December and January was $657. The worst part, the house is vacant, it is being bio washed, remodeled. at the moment. The house was bu...
Bradley Miller
Help me analyze this 5-family deal!
Looking for input on this deal. This will be my first 5-family. I have a couple triplexes and a quad.Here is the infoPrice is 370000. Owner wants 25% down @ 6% for 20 years with a 7 year balloon.I have only done co...
Sreedhar Rao
Water from one of the shower is warm in winters
The tenant has reached out indicating water from one of the showers is just warm. A certified technician was dispatched to address the problem. He/she came back and provided feedback that it was just normal. Also, the...
Edward Sheridan
Can anyone please look at our numbers?
Hi All! This is our 2nd multifamily deal and this time we really want the numbers to be right. Would anyone be willing to look at it? We'd appreciate any input. Thank you! here is the link: https://www.big...
Kimberly T.
Thermostats where the landlord can set a minimum temperature for heat?
We recently bought a 4plex in Colorado (yea!). Our other rentals are in Orange County CA and Scottsdale AZ, so we've never had to worry about pipes freezing/bursting. I have heard of thermostats that you can install...
Mike Adams
HAP Contract annual renewal
I purchased a 3 unit building in Stamford, CT last year prior to the pandemic. The current tenants have lived there for 10+ years, one was north of 15 years. One tenant pays somewhat market rate now as I raised it f...
Thierry Van Roy
High ceilings in old houses
In my market, there is a lot of inventory of historical manors from the 17th century and up (example). These ask for a lot of renovations in order to increase their lifespan, but it is manageable...
Except fo...