Courtney M.
Where to Splurge
Hey all! I am looking at some properties in, lets say, up-and-coming parts of Los Angeles. When estimating my renovation budget, I have a tendency to go towards picking things that are MY taste, but not necessarily th...
Owen Thornton
Driving up price on rentals
Hi! I was wondering what you believe the best strategy to drive up and increase the price for a rental property. What key factors would you consider? Would you go for flooring first or paints, and how much would a new...
Kevin Gomes
Lendor policy about conventional low down payment
Hey Bigger Pockets,I have a question about Conventional Loans. My Mortgage lender has told me that if I want to take a out a loan that is less than 12% I need a 6 month reserve of property taxes and mortgage? Can anyo...
Daniel Bogart
Switching to tenant paid utilities in Phoenix
Hey all,We have a recently acquired 16 unit complex in Phoenix, Arizona that has historically had owner paid utilities. This is the standard for properties like ours in the area, and our PM said he hasn't seen anyone ...
Daniel R Jenkins
House hack second home
What pitfalls do I need to be aware of if I want to rent my current home and move into a house that I would house hack? Would I be able to get special financing on a second home if it is a home I would be living in? E...
Elizabeth Elbel
Buyout negotiations - adjustments to appraisal?
I'm in an LLC and we jointly own a 5 unit multifamily property. One of the partners is interested in selling their 2/5 share and I'm interested in purchasing. To facilitate this, we had an appraisal done on the 5 un...
Clayton Moss
Estimating Cap Ex and Vacancy
I've been looking at some small multi family units in North Florida. During my analysis, I guess on the percentage estimate for repairs, vacancy, cap ex, and management. How do you all estimate these figures? In my op...
Brian Moran
Fire rated door requirements
I have a single story four Plex in Lucas County, Ohio, built in 1973. There’s a common hallway down the middle with a door on each end that exits to the outside. There are two units on each side of the hallway.
I am ...
Susana Rivero
Best type of loan for buy and hold?
Hi BP fam. They say information is power but there’s SO much of it on here that I feel SO misinformed and I’ve even found some info that’s contradicting. My question is what type of loan is best to buy and hold a prop...
Emmett Hawkins
Cast Iron Drain Options?
Hello BP Memphis,My tenants reported water coming form the foundation and a slow draining sink recently. Plumbers put a camera down the line and said that the cast iron drain has collapsed somewhere in the middle of ...