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I want to start out by saying I love multifamily but I have learn some things about them that I didn't consider with SFH.
Most of these issues have been resolved quickly but still they are pain.
1. Parking is an is...
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How does one go about turning a regular multi family into a section 8 rental? Is it possible that I can qualify for a FHA loan? Are there extra inspections I have to go about doing? Can I only buy HUD homes? Looking f...
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I need some BP knowledge bombs dropped on me here!If I have 50k to invest in multifamily, then the options are: 1) 25-30% down on a commercial loan so I'm pretty much maxed out at 150-200k as a total price for anythin...
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I really don't want to give up on my farm area here in Yonkers NY. Which I'm going out tonight to put out my bandit signs. But tonight I had a hour long conversation with my finance guy and he tried to explain the ma...
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Is there a rule of thumb for an old place built in 1900. Right now I am using 8% for Repairs and 8% for Cap Ex. What do you guys think? The place is in good shape considering the age. But I am nervous about the ag...
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Hello BP,I'm looking for some guidance re: a domestic abuse issue with a tenant that I have. I've heard from the other tenants of the building (4 unit apartment) that there have been some issues between my tenant and ...
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Investment Info:
Small multi-family (2-4 units) fix & flip investment.
Purchase price: $283,000
Cash invested: $60,000
Sale price: $399,000
Large single family that had been previously conver...
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Good evening, BP.Last night, my 1st-floor tenant has complained to me that the basement door leading to the garage is being left slightly open. I figured it's the 2nd-floor tenant leaving this door open, so as to not ...
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Knob & tube is the first generation of wiring and still prevalent in Providence, RI, where I live, work and invest. Are there any companies that currently write policies for multi-family investment properties wit...
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Hello Bigger Pockets World!I'm new here, my name is Sydney, I'm 23 and I'm looking to invest in the Vancouver (Clark County) Washington Area. Here's the low down... My younger sister is going to college next year in t...