Mike Sattem
Refinance in an LLC
I recently completed the rehab on a 4-plex I bought this spring using a commercial loan and am not looking to refinance into a traditional 30 year fixed note. However, every lender I have spoken to has told me they wi...
Phil Park
First rehab, I need some advice on financing and also exit strategy
I found a two unit deal in my local area and I am looking to do my first rehab project on this property. Basic facts about the property,Property Price : 15k (I was told there is a LOC on the property that needs to be ...
Eugene Vollucci
Comprehensive Property Analysis Strategies
THE INTERNAL RATE OF RETURN (IRR) TO AIM FOR
The IRR should reflect the degree of risk you’re willing to take. The riskier an investment, the higher the IRR. If you’re purchasing a building that has decreased in valu...
Dianna Roberts
Frozen Pipes- Tenant without water
Hello,We own a multi unit building in Chicago and the temperature dropped over the weekend. This has caused some pipes in the basement to freeze and burst. Issue: tenant in basement unit is without water. We are activ...
Paul Bryzek
Searching for Boots on the Ground - Columbus & Cleveland Ohio
Hi Everyone, I have access to multiple streams of cash and looking to build my own rehab team in either Cleveland or Columbus Ohio. I have been investing out there for several years, but am now looking for true pa...
Account Closed
Buying old house, demolishing, building new - costs to budget?
Hi allPotentially considering buying a house in the Bay Area - Santa Clara. It's an older 1950's smaller house 950 sq ft at less than $1m. This post is less about renting/investment as the end game for this house is t...
Dan Bosak
Zoning Heat in Old Multi-Unit Building with single boiler
I just bought an old (100+ yr old) 6-unit building with a single hot water boiler on a single thermostat. The heat works fine and the annual utility costs are reasonable, but there is no zoning and no good way to zon...
Ansel Troy
build a second story or invest out of state?
Hello fellow BP members,I'll try to be short... My home is in Oakland, Ca. Hot market. Purchased with a 203kFHA in 2013 for 118k.. after renovation value 215k.. final price 209k. Current value 375-400k. i built an in-...
Justin Case
Developer wants my tree chopped
A developer bought the SFR next to my apt building and he called and wants to cut down my tree on the corner of my lot, the trunk is just a few inches from his property line. He said he will hire an arborist and will...
Carlos Castellanos
Cost per sq ft (SoCal)
For those of you So Cal Flippers/Rehabbers doing fix/flip in LA County, Riverside County, San Bernardino County, I had a friend give me the following numbers and wanted to hear feedback from others who are "in it" reg...