Clay Smith
How I perform a walk through inspection quickly
I have been asked what I look for when walking through a property I intend to buy & hold for rental. I am writing them down here for those who are interested. Please add to the list if you see fit. What I look ...
Brook Rieman
Insurance being cancelled with tenant in place
We purchased a run down property last month for cash with intention of making it livable and renting it. There is a HUGE demand for rentals in the area and we had over 100 inquires by prospective tenants in a matter o...
Evan Uribe
General Contractor Recommendations
Hey everyone,I'm looking for some good recommendations on general contractors that you trust in the Minneapolis/St. Paul/Greater Twin Cities Area of Minnesota. Up to now, my wife and I have been owner occupying prope...
Herlando Y.
First House
Hello BP,I am in central jersey and trying to acquire my first property. Property is built 1970's. It is very clean inside and the electrical and plumbing all seems to work. No mold in sight and structurally sound. T...
Keith Everette Smith
Help Me Estimate a Renovation
Hi all. I'm about to do a rehab on a 1,000 sqft 2 bed 1 bath single-family home in Spartanburg, SC. We'll be taking it down to the studs and not moving any walls. I am trying to get an idea of what I'll spend to he...
Charlie Hampton
Help me pick some colors please!
Just got this gem under contract and need some opinions on colors. The window awnings are coming off just so that is clear. I was thinking a crème color with a grey or brown roof. Also maybe some red shutt...
Sal Flores
Roofing contractor agreement and advise
Hello BP'ersI am almost to start rehabbing a small old duplex, is a 1920's property 1,940 sq. ft, the existing roof it has 3 layers,One of the contractors gave a quote he said, possible some of the wood can be saved ...
Mak K.
Do you use- Annual Property Inspection Services?
Hi,I have one rental property and I am wondering if there are TURN-KEY Inspection services which checks all major items from AC/HVAC, Roofing, Plumbing and other general maintenance issues? If yes, how much does those...
Andrew Michaud
Do I have enough funds to purchase this 60k 5plex?
I got approved at the credit union today. 60k purchase, 12k down, so a 48k loan. Plus 2k to 3k in closing costs. After all of those expenses I will have about 6k to my name. Is that enough? I have two jobs I make mone...
Carlos Oliva
Hold or Sell/1031 Multi-Unit
I have a duplex in Ohio where the tenants pay $1500/mo; I pay mortgage & utilities, about $800/mo. So, cashflow is about $700/mo. HOWEVER, there are always issues. Tenants are always a few weeks late paying. There...