Kimberly Oney
Tenant utility transfer issues
I am asking for a co-owner friend of mine. She has a property that was leased to an individual. This property was used (and abused). The tenant left with proper notice and was given their deposit back "prematurely" a...
Adriano Caraco
Multifamily costs estimate
Hi.
I am looking for Small Multifamily In STL.
Need some help help with what should I use as estimate for utilities.
What is usually paid by the owner and what is usually paid by the tenant? And what is the average...
Michael Dunn
Pay down Credit Card debt, to Increase Loan amount ..........
Good EveningI need some help in figuring out what to do with paying off 2 credit cards, and by doing so.... Increasing the amount that I can borrow for the purchase of a property, by another $10,000 ( I came up with ...
Gavin Wynn
Utilities billing for duplex
I live on one side of a duplex while I get the second side ready to rent out. I have one water meter, one gas meter, and two separate breaker boxes. I plan to make the tenant pay for electricity since the bills are al...
Jesse Rodriguez
profit and loss statement feedback
Hey all,I've created a profit and loss statement but this is my first time doing this and feel like its not correct. If anyone is willing to share some feedback on it, i'd appreciate it. I'd like to use this as a lear...
Lisa Marie
Home office reimbursement for LLC members (taxed as partnership)
Hi, my husband and I are the only two members of an LLC (partnership status for tax purpose). The LLC owns a property outside the state where we live. We have a dedicated office in our primary home that we use exclu...
Grant Edwards
A 4% Deal For 1st Rental?
Hey everyone! I would like to get some opinions on whether or not I should do this deal. It would be my first investment. Here are the details:It is a triplex for $32,000 in a low-income area in the Midwest. Property ...
Marc I.
Gift of Equity Help and Potential Rental Property
Hello BP forum, I've been doing a bit of research and keep running into obstacles. Here's my scenario:My retired parents (who live in another state) would like me to take over their mortgage. Ideally the want to give ...
Jenny Gremillion
How to determine value of a commercial property without appraisal
I just found out about a commercial property in my area that is for sale by owner. (Family friend is selling). The building is prime property in our town. The building has the potential for 4-5 tenants- hair stylist...
Ruth Kelly
Advice? Screening app w/ collection items "disputed by consumer"
Hi there, I have some experience leasing for a little over a year, and I haven't run into this particular combination of issues until now. Context: As is baseline standard for screening, I require all applicants to pa...