Lisa Oliver
Bogus rent number?
I just bought a 4-plex. It's coming time to pay first rent with me as the new landlord. One of the tenants signed a new lease with the previous owner for Jan 1, 2023 - Dec 31, 2023 for 1,295. He's telling me he was pa...
Suhag C.
Settlement Cracks DFW area
Hello BP members,We are starting out with a single family home which is built in 2011 and barely used. However, during home inspection we found that there are settlement cracks above garage door (probably pressuring l...
Mike Ojo
BRRRR Calculator - What Are Most important numbers to focus on?
Hi everyone,Newbie here!I've been using the BRRRR calculator on Bigger pockets to evaluate deals. Using the forums, podcast and other learning materials, the 2 most important metrics I'd focused on are market/location...
Bret Rankin
Cost to separate a duplex down into 2 apartments
So at one time my duplex down was 2 apts, until there was a fire. Currently it is still a duplex down, and I want to make it into 2 units. The basement is 3bd , 1 bath. It has it's own furnace, water heater, and ac...
Kon Hakim
Listing Agent advertised and listed property as duplex
Hi everyone, I am in a dilemma in regards to a situation I'm in with one of my clients. I closed on a deal 2 months ago for a property which was listed and advertised as a multi-family (duplex). The listing descriptio...
Steven Wetherill
Possible Duplex LTR Purchase - Would love any insight!
Newly built (2024) duplex in Boiling Springs, SC. List price: 445,000.DP: 89,000
Closing: 8900
Total Invest: 97,900
Projected mortgage: 2500
Rent: 1700 per unit, 3400 total
Taxes: 42
Insur: 263
CapEx: 100Repair...
Michael Watford
Estimating Future Property Taxes
Hey BP,I am looking at purchasing a home in Warren, MI. The numbers all make sense but when I call the city/county they are estimating the taxes to be $4200 next year on a 117k sale price.If that turns out to be true ...
Sam Booth
Use Seller Agent to buy property?
I have been using my own agent off and on but wondering if it makes more sense to just use the seller agent since they may be motivated with double commission?Most of the time my agent screenshots their texts back and...
Pete Schiebel
Is it common to require first and last month's rent for new tenants?
Hello, newbie landlord question here: Is it common to require first month's rent, last month's rent, and a security deposit for new tenants? I'm aware that Florida doesn't have hard limits on what is required up front...
Bob Smith
Looking for virtual assistant help - bookkeeping and PM review
Own about 30 doors with a few different property managers. I work full time and don't have time to really review the property managers. Was thinking about hiring a VA who can review the PM expense reports and also com...