Benjamin J Paoletti
Age of Multi-family buildings in Chicago
Many of the multifamily properties listed in Chicago (in the $400k-$600k price range) are built between 1890-1920. I noticed many of these foundations have settled, cracks in plaster, dips in the flooring, etc. If the...
Mark-Anthony Villaflor
Negative Cash Flow after Cash Refi Strategy
Good morning BP members! I'm interested in getting a couple more properties while rates are still low. The downpayment for 1-3 new rentals would come from a cash refi I'm looking at doing on two properties I purchased...
George P.
Rent increase - how much do you think is appropriate ?
I am preparing a rent increase letter, and figured that I will increase by 3% (currently $1500/mo).
I know large complexes (especially those run by REITs) usually increase by a round number of $100 on a $1500-1600/mo ...
David Schmiediche
How much is a quality tenant worth?
Howdy Bigger Pockets Members!It's coming time to renew leases for some of our units and my business partner and I closed on eight more doors in January on two quadplexes in College Station that had way below market re...
Niti Bhat
Repairs before selling a home
We are fairly new investors, have 3 rental properties. We are about to sell one of the property. When we bought the house as per inspection there were some minor repairs needed but we did not get them fixed at that ti...
Jorge Abreu
Determining your in-place expenses 🫰
A property's operating expenses are those that it incurs on a monthly or annual basis and are considered regular and continuing. Expenses like this include things like property taxes, insurance, maintenance, administr...
Steele Kruzel
Cash out refi 80% LTV
Good Morning, everyone! I live in Indiana and I'm looking for some help with cash out refi. I've just completed my BRRRR and I'm looking to cash out refinance. All the banks I've contacted so far only offer up to 75...
David Stone
Rental turned Lease-to-Own
I have a single-family rental house with an excellent tenant who has expressed interest in purchasing the property on a rent-to-own contract.My question is: 1. What is the best setup for a lease option agreement? ...
Lorraine Patterson
Appraisal is higher that the asking price
Hello BP Family, I’m under contract for a new construction home where the market value has increasingly gone up in the last few months, and my realtor is sure it will get appraised for more, is this a good thing or a ...
Jack B.
Landlord friendly states to buy rentals in?
The entire left coast has become a joke. Landloards can't enforce lease terms and basically have to let tenants live for free while they damage the hell out of the place (situation I'm facing).Attorney I spoke with to...