I have a utility bill question. My tenants are required to pay their electric bills. However, my HVAC unit needed a part so the tenants ran on emergency heat for 12 days. This has the unit run off the main power sourc...
Hi there, I'm a 'newb' from Los Angeles, CA and I have a quick question for all of you out there. Here are the stats on a hypothetical Flip deal:Cost: $125K Sale Price: $220K Rehab total: $40K I'm planning on putting ...
Hello! In need of some advice and I know you guys can help me. I am a small time landlord in South Carolina, currently only 3 rental homes. I have an older, 1200 sq ft rental home (1940) I have rehabbed and turned ...
Hi, kind of long story here, but I am looking for ideas on how to approach and structure purchasing a property from my Dad and his siblings as my grandmother recently passed away and they are talking about selling the...
Hello all! So I'm in a bit of a fix. For the past few weeks I've being trying to figure out what to deal about getting my first duplex. The problem is...I'm only qualified for less than $130K for a conventional loan d...
I'm looking at this deal where the gas, electricity, and water is paid by the landlord. The rents are above market because of this. I was wondering when you are faced with this situation on a smaller multi-family p...
Why work at a lame job until you’re too old to enjoy the life you’ve been given? If you are looking to get out of the rat race earlier, this is one episode you can’t afford to miss. Today on The BiggerPockets Podcast,...
Hi,I have 6 units building that was purchased for $780K in Chicago area. Bought it early this year and bumped up the rent from $82K/year based on the previous owner to $101K yearly rental income. The property tax is a...
Hey BP family, I am acquiring a 4 unit at a discounted price ( and yes, I did the numbers, Cash-flow, Cash-on-cash ROI, Cap Rate above 7% and planned for all expenses with the Rental Property Calculator and tips from ...
I’m just starting out and came across this. Low maintainance duplex listed for $295k (3bed 2bath each unit), principle & interests $1682, taxes $249, home insurance $104, HOA $240. Landlord pays for utilities (wat...