Account Closed
Tenant Early Termination and Unresponsiveness
Hello BP. Thank you in advance for any guidance being provided. We have a situation with our first property in Arkansas (gotta learn somehow huh?). The tenants had rent due and have been on time for the last 4-5 month...
Gaurav Mehta
Tax Deductions for Investment Property not yet rented
Hi,I bought an investment property in July 2019 (all cash purchase). Took me some time to remodel it. Had to fix everything. Spent $12.5K on roof (did through a roof company) and then around $55K on everything else (w...
Ryan Duffy
LLCs, Bank Accounts, and Self Management (STR Property)
Hi all,I am closing on my first investment property in the next few weeks (state of AL for reference) and would love a bit of advice regarding the best way to run the STR business. I am purchasing this property with a...
Josh Halagiere
Need Feedback On Multi-Family Analysis
Hello!I'm a SFH wholesaler and I'm looking for some feedback on my analysis of a 6-unit multi-family building located in the western suburbs of Chicago. My recent postcard mailer generated a lead for a 6-unit apartme...
Genesis Pacheco
FHA starting with a four plex Multifamily
Hello BiggerPockets family. So I’m just trying to get as much knowledge as I can and I’ve been learning about your first investment should start with the highest Multifamily which would be a four plex (4units) and of ...
Mike Malicad
Help! Electric furnace!!!!
Hi bp family! I have a question. I have a 2bd 1ba with seperate electric furnace on rent....And comed bill to my surprise came up to 600. Is this possible with electric furnaces???
William Ellis
Deal Analysis
Thoughts on the below?5 Units1 duplex - Two 2/1's1 duplex - Two 1/1's1 SFR - manufactured gutted with additions so that it looks like house on inside and out.1+ acres9% cap rateThe numbers work and can work. Would yo...
Jimmy Ready
Numbers on a Multi Family Property
Hello all, my question involves the number on a multi family property and how to go about calculating them if you live in one of the units. Im confused and I want to talk out load to see if this makes sense or if anyo...
Nick Tureau
Financing for Mobile Home lots
I’m looking to buy 2 lots that already have tenant owned mobile homes on them that pay the landowner $375 mo in rent. The lots are for sale for 30k each & I can see this as a scalable business model IF I could get...
Keegan Darby
Thoughts on an analyzed deal
We are analyzing a deal on a duplex, built in 2004. Listed at $190k. Each unit rents for $750. Tenants pay all utilities.
Down payment: $38k
Monthly payment (including utilities, principal, tax, insurance, repairs...