James Mc Ree
Breakaway walls or no?
I bought a property in a V flood zone in a year-round NJ beach community. The V zone is a "high hazard" area for the 100-year flood. The house will be new construction and elevated about 10 feet to get more favorabl...
Zaheer Khan
Seller Concessions Exceeded
Hi BP community!
First time investor here.
I’m getting ready to close on an investment property (condo) next week. My lender just informed me that my seller concessions exceed the relevant closing costs (including ...
Justin K.
Water Usage - Removing/Monitoring Washing Machine
Friday after submitting my water meter reading I received a call from the water company informing me that the water usage at my 6 unit property was twice the average and that I should expect ~$1000 water bill for the ...
Sharon Carson
What are my Obligations to a Tenant when tenting for termites?
I have a rental property on the Big Island of Hawaii. I manage it myself.I am in need of tenting the property for termites. My tenant is very good, and compliant. He will need to take care of all his personal items...
Ben Leybovich
Car Wash - does anyone own?
Guys,Got a call from a banker. A set of several automated car washes is selling. If anyone owns some car washes, please chime in. Underwriting EBITDA and CF, and I'm starting to develop a basis for understanding, but ...
Shawn M.
Tenant Changeover Checklist
Does anyone have a Tenant Changeover Checklist they can share? I'm thinking of everything that needs to be done to the interior of the property once a tenant moves out and before the next person moves in. Replace batt...
Kimberly C.
New to STR, do cleaners do laundry onsite? If so, which washer & dryer are best?
Long story long, I'm currently setting up 2 STR properties (these would be my first).1 property is a 4/1.5 with a working washer & dryer1 property is basically a 2/1 with no washer & dryerI'm definitely gettin...
AP Horvath
Valuation on CRE as cash business without tax returns?
When you are looking at a Mom & Pop deal like self-storage or self-service carwash -- and the seller absolutely refuses to provide financial statements or tax returns -- because they have been running this as a ca...
DJ Cummins
Please talk me out of offering on a car wash in a sketchy area
Hey all,
I have a chance to purchase a car wash for about $.30 on the dollar. It’s in a bad area. The McDonald’s next door has closed because it was robbed several times in the past year. Cash flow according to the p...
Shauna Mundy
Vacation Rental cleaning process
Hello all!We are looking into buying a VR and will need to use a cleaning company to do change overs. I have a few questions for people who use them:1. How does your cleaning company handle linen- do they wash it and ...