Jon Sirkin
Needs updating do you buy it.
I am looking at a property, 69,9002 unit 2 /1.5 rents 725 1/1 over a garage rents for 525.Says units need updating. It would cash flow around 600 a month.At what point is updating both units to expansive. The 2/1 is t...
Sean Bramble
Atypical foundation - will lenders lend on this?
Question for DSCR lenders: I'm looking at a potential STR property that has an atypical foundation. Namely that it has exposed rock in the basement. It's a log cabin, so my hunch is it's not your standard slab foundat...
Sarah Kensinger
The lack of short-term rental safety!!
The lack or inattentiveness of safety in short-term rentals is appalling!! Over the weekend 3 people died at a STR in Outer Banks due to a house fire, and it seems like every couple of months we hear of more people dy...
Jason Leak
Due Diligence question
Hello BP Family,
I am looking to get advise on a CRE due diligence issue that pertains to negotiations. Here are the specs:
6 unit brick multifamily Apt building-priced at 569,000- negotiated down from asking 600,00...
Samantha Soto
Smoking Tenant and Disabled Smoke Detectors
We have a duplex under contract right now that we recently had inspected. Both sides of the duplex have long-term, paying tenants. I'm not interested in finding new tenants if I don't have to since each unit is well...
Zach Schwarzmiller
Non-Grounded Electric
The house I currently live in has non-grounded electric in certain rooms. I went in the trouble and put in ground for refrigerator, dishwasher, washer and dryer. I did not do so for the outlets I plug my electronic...
Ben Gleason
Mentally unstable tenant now M.I.A.
I am sorry I am such an amateur and asking for so much advice. My situation keeps escalating. I have 2 other posts but to summarize:I own a home and rent the lower. My tenant displays erratic behavior, including possi...
Eric P.
Paperwork, permits, fees?
We're about 2 weeks away from closing on our first SFH rental. Rental is located (and we live in) Burlington County, NJ. Trying to get an idea of what permits, paperwork, fees, etc. I need to take care of before we ...
Alex Dichter
What to do with tenants while renovating
Hello,
I have a duplex with two tenants in one unit on the second floor. There is only one entry to the upstairs unit and I would like to replace their stairway and porch. I'm looking for some guidance on how to go a...
Hae-Yuan Chang
Does an FHA loan require an inspection?
I haven't found a clear cut answer, so I wanted to ask this awesome community!I know that a FHA appraiser will also be inspecting for safety issues. But will I need to get an inspector to pass a loan? I know that I wi...