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I have a single family rental in a low- to middle-income area. The furnace is about 22 years old and seems like it may be on it's last leg. When it turns on, it can take 2-3 tries for the burners to light - but it doe...
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So my wife and I were about to submit an offer on a property in a great neighborhood - Morningside/East English - in Detroit. We had two different HMLs lined up to do the deal and we were about to submit an offer whe...
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Hi everyone, I am pretty new to the forums & investing. I am looking for my first deal after reading several of the BP books & J. Scott's estimating rehab costs book. My question is regarding a 3 family (fo...
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What am I missing? It seems like Sarasota / Tampa real estate is half of Boca Raton / Fort Lauterdale? I understand its like colder there in January / February - but aside from that why are the prices so much cheaper?
Hi I have to replace my AC and furnace. I live in Michigan. The first quote came in at $5,200 to install a 80% efficiency furnace and an AC unit. For $650 more he will install a 95% plus furnace. My renter pays th...
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Hello BP friends,I've been looking for cash flowing MFRs in Phoenix and Las Vegas area and noticed that the properties with good cap rate are located in less desirable areas, i.e., poor schools, high crime rates, etc....
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I would like all the senior people that post at BP to put up their best quotes to keep them going every day especially with disappointing circumstances , as an illness, a death , A deal that goes really wrong , A busi...
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Hello, BP Community!
I am new to real estate investing and I am interested in purchasing property in South-Central AK to be used as both a rental and a part-time residence. I am considering either an STR (e.g. AirBnB...
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I received a text message this morning from my tenant saying that over the weekend he replaced the kitchen faucet. On one side it is nice he is taking care, BUT I am worried about falling into a game of repairs and m...
We took over the apartment. Did not form business yet but idea is to redo everything and keep collecting the checks for next 15 yrs. my partner thinks it's not a good idea to change drywall sheets but change everythin...