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Seattle Multi Family - 1/4th of all apartments are sitting empty
Wow! So, multi-family is where it's at, eh?************************************************************************** Seattle renters score big as landlords dangle freebies to fill empty apartments ...
Dave Chow
How to handle sewer line system issues
Hi BP members,How would you handle a nice deal with house having potential sewer line issues?We are buying a rental property seems to be a good deal. But its house with age of 75+ years. Our initial sewer line system ...
Ashlee Hutson
Short term rental market in Jamaica Beach/Galveston TX
Hi everyone!I have an opportunity to purchase a lot in Jamaica Beach at (what I think) is a discounted price from a family member. I would love to build a small beach house (1000-1200sq ft) on the lot and rent it out ...
Chris Brown
Cap Rates will the stay low or increase with higher interest rate
Interest rates for multi fam loans are up about 1% since the summer. The fed wants to raise rates to 2.5-3% over the next few years. How will this impact cap rates? Will investors take the long view and suffer less ca...
Noel Pregot
Would you buy in the Bay Area right now?
I’m an absolute newbie. My wife and I live in the Bay Area, and we’re looking to buy our first property. Currently, we’re seeing homes being sold for 20%+ of the asking price. Crazy!From one end, we see interest rates...
Account Closed
Additional charges after moving out
hi - after moving out the apartment manager had sent final account statement with additional charges of $1059 for replacing kitchen counter tops, saying they were damaged due to excessive water (my negligence or not i...
Alvaro Rodriguez
Found a Deal with Foundation Problems
I found this house in this nice neighborhood in Houston Texas. The house has an asking price of $220k, and all the houses around it same size and same characteristics have been sold between $280k-$340k. After inspecti...
Eric F.
Seller's father in nursing home on Medicaid, best way to handle
I am under contract to purchase a house. I have been dealing with it for 3 months. I have only dealt with the seller's son.The story is the father is on Medicaid and in a nursing home. When we wrote out the contract (...
Fabiola F.
Fractional condo ownership - pros & cons
I'm considering the acquisition of a batch of rental condos from a single owner with about 40% ownership of the total number of units within the condo bldg. The batch has significant NOI with immediate opportunity to ...
Thomas Sedita
What I think travel will look like now that Covid had occured
No industry has felt the full weight of Covid-19 like the travel industry. We went from over-tourism to no tourism in a matter of weeks. Hotels, restaurants, and car rental agencies have gone bankrupt; closing their d...