David C.
Found out house was built before 1978, what now?
I purchased a house with an add on apartment 2 years ago. I knew that the add on was done in 1997 but the combined building was listed as having been built in 1979. I asked my real estate agent whether this was right ...
Laura H.
When you inherit tenants, do you get the YTD rent?
At a recent REI seminar, the speaker said that when you buy a rental property, you get the rents for that year. Like, if I closed in May, I should get Jan-May's rents and deposits from the seller at closing. Is that r...
Mike Roy
2% Rule Lives - 9 Units in Maine
Hi BP! I bought my first property in 2015, a fourplex in Midcoast Maine. Paid $180k, 25% down with $15k repairs. $60k all in with gross rent of $3,300 and cashflow of about $800 per month. For me, this first deal...
Ken Mccarroll
Noi of multi family properties
When evaluating a property how does one find all the info to properly input the info to figure up the noi. To get to the cap rate and so on??
Jen Etten
Help- paint/drywall problem
I need some advise on how to fix our paint sheen problem. We are building new construction and the paint sheen is not even. We spayed on one coat of primer and 2 coats of eggshell paint, back rolling the whole think a...
Mark Marinaccio
Looking for a broker to talk to / work with in North Florida
I have recently moved to Fernandina Beach, Florida and have left some of my career as a television producer, showrunner, creator and network exec behind me to get involved in real estate in Florida. I am studying for ...
Adam L.
How to leverage a MFH after you invest?
So I am looking at this proforma and I'm still new trying to figure it out.
7 units$1.3M asking price.$94k/yr rent currentlywell maintained w/ recent capital upgrades in last 7 years.appears to be nicely maintained.
...
Gavin Wynn
First time forming an LLC
I am very new to the industry, to the point that I think I should start an LLC as a holding company. The local title company says I should talk to an attorney first, but I'm wondering if this is necessary. Can I go st...
Phil Hartten
How much renovation is to much on a house to flip?
Hi.... I did about 35 buy/fix/sell/rent houses in Ohio over the years and got bogged down in repairs, repair people problems and budget problems.How much fix up do you think is worthy and doable before a project gets ...
Jesse S Kogelman
Analyzing Deal for New Investor
Hello. I am a new member and am looking for advice regarding my first potential deal. I recently cold-called the owner of a 7 unit complex who is interested in selling their property near me in Northern Michigan. The ...