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I'm under contract on a turnkey rental property. The inspection report is at the link below. The seller has offered to fix most or all of the issues. This is in a B neighborhood.What to you see as potential red flags?...
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Hello BP world! I am a new investor looking for my first property. For all of the great advice I have read on this site, I have not found anything that explains the best way to manage a property's financials? Shoul...
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Hello,I’m trying to determine a price for a multifamily apartment building I’m selling. The way I’m doing this is taking the net income and determining a possible sales price using the cap rate.Normally to determine ...
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Hello
This year my wife and I started our real estate journey. We have one house that is being renovated currently and closed this week on two townhomes. We used a private lender to purchase the first house. For the...
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$2710I also have a 6Plex for sale ($368,000) . last year was a bad year for turnover, I had six. The good thing about that is those five unit where cleaned up and painted if needed. This year I have had one turnover t...
Can I charge my tenant for repairs to the dishwasher because they used regular dish soap instead of dishwaster detergent? The dishwasher was brand new when they moved in 2 years ago.
I have a second property that ...
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Hi, I have a question about evictions. How long do apartment complexes wait after rent is due before filing for eviction? What if the tenant comes to them with a valid explanation, such as an unexpected car repair, et...
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5 UNIT
700K PURCHASE PRICE
RENT 67,500
EXPENSES
TAXES 16,500
UTILITIES 3,500
INSURANCE 3,250
HOW MUCH should i allow for cap ex, repairs, vacancy
thanks JJ
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hi to all and thank you for taking the time to opine.we have had our unit rented to 2 young males. Their lease ended 7/31/20 and they refused to get the move out walk through. we started showing the unit 2 months befo...
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Good afternoon BiggerPockets family,I hope you're having a beautiful day! An opportunity has arrived for me to get the Airbnb world. My friend has put me in charge of hosting his entire home on Airbnb! Due to location...