Joshua Kleinsasser
Renovating in a D area
I have a newbie question, I completely understand how difficult it will be to answer but will ask anyways in blind confidence someone is willing to join me in this ridiculous conversation. I am looking at a purchasing...
Michelle D T.
Need Creative Deal Suggestion for Buy and Lease Option
Hi!My partner and I found a great property and need help structuring the deal. Here's some details but let me know if I missed something relevant. The property consists of 5 lots: Lots 1-3 include the main home and tw...
Matthew Whatley
20 - 40 ft Connex containers as storage units.
I believe there is room for a big storage unit buisness in my town. Was thinking of buying 5 to 10 connex containers that were either 20 or 40 ft long and water tight. Costing 2500 dollars delivered and setup a piec...
Lesley Govan
Asbestos
Hi,I've been looking at a lot of houses looking for a multifamily to invest in. I'm finding in my area a lot of houses that are 100 years old or more sometimes and have asbestos shingles/roof. My question is, because...
Isaac Fridmann
Definition of Updated Plumbing
Hey Everyone!I'm analyzing my first fix and flip deal. In the comps, I see a lot of brokers wrote in the description "new plumbing". If the subject property has cast iron pipes, does that mean I need to replace all t...
Eugene Vollucci
Comprehensive Property Analysis Strategies
THE INTERNAL RATE OF RETURN (IRR) TO AIM FOR
The IRR should reflect the degree of risk you’re willing to take. The riskier an investment, the higher the IRR. If you’re purchasing a building that has decreased in valu...
Guillermo Vladimir Robles
I Think I Found a Deal
I found a property on an MLS service in south Los Angeles priced at $425k and with an estimated ARV of $699k. I have about $1k to make this deal work and I calculate about $35k in repairs. I want to potentially wholes...
Kelvin Duen
Troubles with Con Edison and Oil to Gas conversion NYC Bronx
I may be tackling a smaller multifamily project in the Bronx soon. The property has cooking gas but its heat is from oil. Since it is always better to offset the cost of utilities to the tenants, and because the oil t...
Mariah Porter
I found a corroded drain hidden in a basement bedroom
I've been having some mysterious water issues and my carpet got flooded in the dead of winter the other day. It seemed very strange because I did a test with a pressure gauge and there was no plumbing leak, and the gr...
Ronny Rodriquez
Can I get my damages paid by my landlord?
Ok so let me explain what happened.First off this took place in Mesa AZ, Maricopa County.So about a week ago I came home late at night from work and parked my car where I usually park. We have those concrete barriers ...