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Gut rehab inherited property tips?
Hello, long time podcast listener, first time poster. I inherited a 4 flat property in the Chicagoland area which needs to be gut rehabbed as there haven’t been any major updates done in 40 years and it’s in bad shape...
Carlos Handler
Cash Poor, House Rich!! Need Advice
I own 10 properties in Southern California area. All my properties pay my mortgages on all homes and break even. In all my homes I have about 1.7 million equity. The problem is I can’t touch any of the equity. Recentl...
Christopher Brown
Coronavirus changing deal fundamentals
I am in my 180-day period for a 1031 exchange with $2mm in escrow and two properties under contract: a stabilizing self storage deal in a small but growing market and a NNN deal with three QSR (two credit quality nati...
Marcia Maynard
Storage Locker Dilemma: What would you do?
BACKGROUND: Tenant eviction. Tenant did not even begin to move out, even after the judge ruled in our favor. Stayed until the Sheriff lockout. Was not at home at the time. Single mom with three elementary school a...
Sal Loiacono
The seller Called Me!!
Hi everyone,
The seller of the property I am interested in called me back last night!! I am shocked! He took the house off the market and wants to me a deal!! Now I have been trying to locate HML and everyone...
Aleksey Vinogradov
Tenant asks for a temporary dog stay
Hi BP, my tenant asks if she can keep her sister's dog while her sister is away. She offers a fee. The dog is a bitbul 3 months old. The apartment has 6-month old carpet and freshly painted. The tenant just moved in A...
Alfred Litton
How to Get Rid of That "Old House" Smell
Just purchased an investment property built in about 1960. We've just about finished repainting the interior, but there is a persistent (what I call) "old house" smell. It's not from a former smoker, and it doesn't ...
Mike Dymski
Commercial Property Prices - scary chart
A couple of scary charts below (article link also included). I can't predict market cycles. For now, I am just attempting to stick with properties that cash flow in changing market conditions.https://wolfstreet.com/...
Sam McCormack
Does 0% Vacancy Sound Fun?
What seems more appetizing to you? - SMF, 200-300k, in C- to C+ area , immediate cash flow (5-8% ROI), 3% appreciation/year, and 5% Vacancy- SFH/SMF, 400k+, in B+ to A- area, break even (for the first year), 6% apprec...
Mark Bosworth
Best source for kitchen cabinets?
Hi All,I have a potential flip that needs a new kitchen. Who do you use for inexpensive kitchen cabinets? Big box store? In the past I had an awesome custom cabinet guy but I've moved to a new area and don't have o...