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So been watching a lot of Grant Cardone, and I understand the logic behind multi units vs single family. But, my question is; can having multi single family also work similar to having one big multi unit? I have one u...
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What do you guys look for when considering multifamily properties?
I'm looking at a 7-unit property currently with the following figures:
*Total Gross income (Rent + Laundry): $78, 000
*Operating Expenses: (Based on...
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When purchasing an older property, are there red flag issues from inspection reports that new owners should choose to address proactively, rather than in reaction to a tenant raising an issue down the line?
In m...
I have a tub surround in my SFR that is all cracked and needs replaced. I patched it up when I first bought the place a few years ago and that seems to have worked but I will have a chance to replace it soon and would...
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Hello BP,We are new to this and trying to invest in the Minneapolis/St. Paul metro area. We have been looking for our first deal for a number of months now and I believe we found one and are looking for feedback from ...
I have a tenant who contacts me weekly for repairs. Some are legitimate and require a specialist, while others are trivial, such as replacing a sprinkler, and it's getting very tedious.Which repairs can I reasonably e...
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I currently have my first deal under contract (duplex w/ 8 bedrooms and 4 bathrooms). I will living on the first floor (bedroom 1 and 2) and renting the other 6 bedrooms by the room. Does anyone have any experience wi...
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A few months ago I purchased a duplex and assumed the tenants that were in place. At the time we got insurance on the property with American Integrity. 2months later we got notice they were cancelling due to the tena...
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Hello, I'm watching my first ever tenant move into my first ever basement suite right now and noticing a few items that makes me wonder about wear and tear in regards to hanging paintings or shelves. They asked me...
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The following are obsessions I see from owners about running their STRs. They gross tens of thousands in revenue, but go into a rage (Baba Yaga?) when a few dollars is at risk. The law of averages says that there will...