I'm doing a walkthrough inspection of my rental property this week. My property manager and the Tenant will be there, as will be his 3 kids.
What kinds of things should I be looking for during this kind of inspection...
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So my partner and I finally get our offer accepted and move to the due diligence phase. We meet the inspector at the property. Get access to first unit, its a 4-plex. We are surprised to find out that the tenant had b...
Hi everyone,
This is only my second post and my first asking for advice on a deal so please forgive me if it is too lengthy or if I have omitted important details. My wife and I are committed to growing our portfoli...
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Hello BP Community,I'm about 6-7 months on the site but slowly starting to be more active on it. I'm trying to decide whether to file a claim on the roof of my 40 unit apartment. I'm only a few months into the prope...
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Hi, BP family. Quick question..We found a property being sold as is for 25k. However there’s a mold issue (not severe). Work needed is 8k.ARV is 63k. I believe I can leverage the fact that there’s mold to lower the as...
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I am currently closing on a duplex and I plan to live in one side and and rent the other out. The electric and gas are separately metered and are easy to have these expenses paid by the other renter. The water on t...
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Hey all,I just need somewhere to brain dump.My tenant moved in about a year ago. I told her that we do not offer any washer or dryers with the unit. In the basement of my duplex, I have a washer and dryer in the basem...
Hey BP,I came across this listing on Trulia, and I'm hoping that someone else can check my work.I did my analysis on google sheets here, the result of which is that I expect a healthy cash-flow. Overall, its $46k to ...
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I recently sold a property in Michigan. The city went out for the final water meter reading to get the final amount due and it turns out that the final bill is about $2K. The Escrow company held back $400, the city ...
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I bought a 4plex in December that has 1 water line so water is included into the rent and each building also has it's own coin operated laundry machines.
There are approximately 10 tenants in the 4plex and we've ha...