Steve Babiak
Household Formation in a Recession - lower homeownership rates plus increased rental vacancy rates
There have been a number of threads started on BP that talk about the housing market collapse not leading to increased occupancy in rentals. Here is a link to a study on this topic that shows that homeownership is do...
Bryan Valerio
4plex Under Contract BUT!
HELP! I just got a 4plex under contract in the Little River- Miami, FL area. I just went through the inspection and the property is in pristine condition, essentially turnkey with some value add opportunity with incre...
Stephen W Sparks
Inheriting Elderly Tenants on fixed income and rate increases
I recently purchased a duplex with owner financing and the seller has 6 units (a quad and duplex) a few blocks away that she is considering selling me with a similar deal. The problem is that 3 of the tenants are elde...
Catherine Javier
Tenant screening Bankruptcy
Hello Everyone, This will be my Second Tenant in Tacoma for a Midterm 90 day lease.We did the background check and it shows 1 Bankruptcy No criminal history, no eviction etc. That’s the only public record we see. Cred...
Benjamin J Paoletti
Age of Multi-family buildings in Chicago
Many of the multifamily properties listed in Chicago (in the $400k-$600k price range) are built between 1890-1920. I noticed many of these foundations have settled, cracks in plaster, dips in the flooring, etc. If the...
Nick Gerli
Which Markets are Oversupplied?
Building Permits provide a snapshot into what the supply pipeline (new homes and apartments) in a market will look like in 12-24 months time. The more supply dropped into a market, the more growth needed to keep occup...
Elijah VanDenBerg
Is now the time to sell?
Trying to decide if now is the time to sell?
I currently own a single family house in Rochester, NH that is coming up on the end of its 12 month lease (end of November). I thought I was going to hold it for quite s...
Rachel Rocconi
House Hacking - Spring Valley
Investment Info:
Single-family residence other investment.
Purchase price: $650,000
3 bed / 3 bath
Smallest room is a MTR/LTR
Room with private entrance is a STR/MTR - currently rented to a travel nurse...
Oliver Davis
Section 8 protected tenant in Oakland, CA - rent payment
Hi BP! I would very much appreciate your insight on the following:
I am about to close on a duplex in Oakland, CA. The upper unit is vacant but the lower unit is occupied by a section 8 tenant. Just before listing th...
Jacob Wadkins
Capitalizing on Growth of an Area
BP,
I live in an area immediately outside of Jacksonville, FL that is growing very rapidly. There has been a major uptick in property development (single family neighborhoods and multifamily apt complexes) permit app...