Jared Miller
Requesting a tenant's monthly budget
Are you allowed to request a monthly budget from a tenant in the application process? Or, put it in the agreement that if they miss a rent payment you can request a budget with their monthly expenses? Just curious.
Blake Harper
New Duplex-Help Analyze Deal
Looking to buy first deal and need help analyzing it. Property Details-Asking price $202,800. (Lets say the bank doesn't budge and I buy it for this amount and seller pays closing costs).Foreclosure! Duplex 2 bed/1 ba...
Pat Needham
Opportunity cost of FHA vs conventional mortgage?
Hi fellow BP members!
I'm considering buying a duplex mid-next year within the 400-500k price range to begin my house hacking journey. I'm aware of FHAs being 3.5% down payment compared to 5-20% for conventional, wit...
Mike Dymski
What data will an appraiser use for a re-positioned apartment?
What time period (or data source) will an appraiser use for the gross rents (and expenses) of a recently re-positioned apartment community (T-3, current rent roll, near future rent roll, etc.)?The re-appraisal will be...
Patryk Prokopiuk
Can you expense septic costs from rental income?
I’m not sure if I’m asking the question correctly but if you have a rental and pay for the septic costs for your tenants (basically water included) when doing taxes can you use that as deductions/expense against the i...
Michael Deng
Lot Splitting on Existing SFR - Advice requested
I am looking into to buy a REO SFR built on a rectangular lot with side dimensions about 170 x 400 ft. All the SFR constructions were concentrated on one end, with about 170 x 240 ft gentle sloped (~10 deg) land unuse...
Ton Ratana
Can I use my LLC to manage rental properties it doesn't own?
I just got my first rental property, the mortgage is under personal (myself). I then started an LLC to do property management on it.I plan to use this LLC as a landlord to do contracts with tenants and collect rents,...
Paul Dashevsky
ADU & Garage Conversion in Los Angeles - for investors
I just wrote a blog about the financial metrics/returns of building ADUs in Los Angeles & Southern California...thought I would share some of my findings:
The cost of an ADU will depend on a few factors including...
Ayodeji Kuponiyi
After buying a SF can I immediately purchse a Multifamily?
After buying a home, how soon can I go to a local bank to get qualified to purchase a multifamily home? I currently own/owner occupy a duplex that has no mortgages and I plan to refinance it to purchase other multifam...
Andy Mejia
House has oil and the gas bill is too expensive in the winter
Hey guys,So this was my first winter as a landlord and I hate that this house has oil as it is way more expensive and requires you to allow entry for the oil companies. Do you think that it would be worth it to switch...