Dan Johnson
2 layers of drywall on ceiling
Recently purchased a 4 unit quadplex with 2 units downstairs and 2 units upstairs, and currently renovating one of my downstairs units. Upon ripping out the ceiling drywall we noticed that the ceiling had 2 layers of ...
Alex Ballas
Plaster on Brick - Remove plaster or keep and frame with drywall
Should I remove the plaster that is attached to the inside of an exterior brick wall, or keep it and just build a 2x4 frame and insulate, drywall, move outlets. This is a 4unit low income property that I am upgrading...
Nikolay Grozev
Just had my offer accepted. Now what? - Long Beach, CA
Hello everyone,First of all, I'm so glad I found this place. One can literally spend years reading everything here. Problem with that is, the more I read the more I feel like I know nothing ( which is very close to th...
Vinay M.
Cost of Capex items in midwest?
Hi everybodyI am new to real estate and am thinking of purchasing turnkey homes out of state.Specifically, I live in NY and want to buy in KCMO and Indy.I have been evaluating several TK houses in the $50k to $60k ran...
Jerry W.
What does your insurance actually cover? Enter Hailstorm
On July 1, 2019 an extremely bad hail storm hit the town I live in. Every roof I own is damaged, some roofs are badly hit, some siding is ruined on one or 2 sides, many windows are broken, and there is broken glass i...
Corey Duran
How does this business structure sound?
I talked to an attorney who looked over my current situation (1 LLC) and recommended instead of having one LLC holding 15+ properties to divide them among smaller LLCs that contain fewer properties to separate them i...
Jecarl Viray
Advice in forming an out of state LLC
I am a newbie in BP and would like to get advice from the group. Situation: I live in California and I currently own a rental property in Indianapolis and preparing to get my second rental property. I talked to my CPA...
Nghi Le
Failed Property Inspection
I just received notice from my realtor that my buyers from my first flip in Burien, Washington (SW Seattle area) pulled out of the contract because it failed inspection.Two reasons:- Roof needs to be completely remove...
Kole Kingslien
Asbestos Siding on a Potential Deal
Hi Everyone,I am writing this because I recently came across a potential deal, and am looking for advice. I found a home in Janesville Wisconsin (I live 20 minutes away) that has been converted into a four unit. Thoug...
Matthew Rembish
Fixed Costs?
As I am still a novice in real estate investing, I was wondering if anyone could explain what exactly composes "fixed costs" and if there is a formula out there for calculating it. (Maybe not the exact amount but just...