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Starting to explore the possibility of buying a beach house and renting it out when we’re not using it. From what I’ve read, the prop mgmt fees tend to be much higher for many reasons. Is there a certain rule of thumb...
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Hi, I am planning to buy a old house (1965) which was recently renovated, rent out the basement and stay in the house for 1 year atleast generate cash flow that covers my mortgage by 50%. I have the opportunity to als...
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I am currently rehabbing a 3 family home in West Philadelphia. It isn't in the best location, but I am hoping it will generate a nice cash flow for me. There is a neighbor there who is excellent! I hired him to cle...
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Hi, I'm looking to purchase an apartment building in KC. Probably something around 20-30 units. Looking for any insight on this (spouse is from KC so knows area well, although we don't live there right now) and to con...
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BP - Need some help / advice on this one.
We just bought a property in Indiana from another BP member that we are going to reposition for commercial sale (i.e. either small office / retail strip or storage business...
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Hello multi family investor gurusCat urine damages property very very bad. I have had multiple incidents ruining my units. It demanded to replace full flooring, scrape walls and repaint costing entire year worth of re...
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Hello,I have an opportunity to buy 3 old mansion-homes in a small downtown district in the metro St. Louis area. Each home has 10 bedrooms and right now the owner operates the homes as weekly rentals. It is a second g...
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So there's supposed to be a massive snowstorm in Midwest over next couple of days. Up to 18 inches of snow. Do you guys do anything to prepare your rental properties for a snowstorm like this? Anything you guys tell y...
Hi,
This is my first post on this forum so I’d like to say hello to y’all. I am a native German and live in Greenville, SC w/ my American wife and three kids. We just started looking into buying a condo at the beach....
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I allowed a tenant to have pets (3 small dogs), with a pet deposit of $300. He was the first tenant in a newly renovated unit with refinished wood floors. After several visits in which I found feces on the floor, a gr...