Ronda Bogdanovic
Multi unit for sale, how do I value it?
Hi everyone, I need help figuring out the valuation on a multi unit apartment complex. It's a 26 unit built in 1955. 14 units have been remodeled at a cost of $100,000. Asking price is $1,350,000.Income from rent is ...
Leonard Brown
Should I buy a property with termites?
Hi BP, I’ve gotten several calls from clients on this topic over the past few months and thought I’d touch on it here. Here’s a Thursday tidbit for the community. When it comes to termites and investment properties, d...
Pritesh Dave
SFH Rental in Huntsville, AL
I've been investing in syndication deals. Most recently, I invested in new construction multi-family in Madison, AL (35758). I'm looking to buy a couple of new construction homes either by D.R Horton or Adams Homes in...
Walter Correia
How to make deal with a property that has knob and tube wiring
My wife and I are currently under contract and we are looking for some advice on how to close on this deal. The property that we are looking at asking price is 224,900 single family home with 6 br, 2bathrooms and 2,60...
Nicholas D'Andrea
House Hack Turned Rent by the Room
I was house hacking, purchased my next house hack and my first property is rent by the room. The first home is a 4b 2.5bath, getting $800 a room. If anyone has rented by the room for a LTR shoot me a note. Want to see...
Brian Naumann
Coverage amounts for 1st investment property
Hi all,Started looking into insurance for my first rental property. How much property/liability coverage should I be looking for for a 50k (estimated) SFH. I'm guessing that I would want replacement cost vs actual cos...
Joel Owens
Wierd property insurance claim
Ok so one of my distant family members in Massachusetts owns a condo that is on the ground floor.
A week ago he hears a gurgling inside his apartment and notices his walls start bowing out.
Water is coming into his ...
Tom Brooks
Reducing Flood Insurance Costs
Flood insurance is a major issue given the weather conditions the eastern seaboard has seen in the last few years. Many expect it will continue to be an issue with climate change. I am sure many of you are seeing rate...
Kris Joseph
Negotiating partnership...one party has cash, other is co-signer
We are starting a business where we are bringing in a business partner who has no cash to invest. We need him though to co-sign a loan to get the business off the ground. He wants to eventually be 50/50 with us by p...
Sanusi Kamara
Property number 3
Investment Info:
Small multi-family (2-4 units) buy & hold investment in Bronx.
Purchase price: $640,000
Cash invested: $220,000
Purchase price $640,000
Got it at this price because there is a no...