Hello all,We are closing on a 12unit next month. The inspection showed there are 8 water heaters that are near double life expectancy (so they are 10 year water heaters but some are 18 years old). Would you replace th...
Hi,
We are wanting to get our first STR property, but according to our income alone, we wouldn't get approved for anything additional. We have over $100k equity in our home and great credit. We are considering a HELO...
My general contractor is quoting me:$32,000 to prep, paint exterior of the home$19,000 to replace asphalt roof$23,000 to prep, paint the interior$19,000 wooden floor refinishing (polishing, filling in any cracks)The h...
Hello BP members,Here a newbie from WA that is in trouble. After studying for many months the possibility of buying a house through a foreclosure action I finally did it, and even though I knew about the risk and repe...
My husband and I bought our first property in July. We researched, read books, went to meetups for about 8 months before we made our move. Bought a half occupied 4 plex in cinci. It had been a money pit from the get g...
For those of you who are running (or have a PM and know what they do) an STR, what exactly do you clean between tenants - especially when you have the single day check out/check in turnovers? Do you clean all of t...
As we've all seen, the Colorado Springs RE market has gone crazy the last several years. With new business, tons of building and a highly rated quality of life, it is the place to be. I've even heard some people commu...
Hi Everyone,I recently found an off market deal and will be touring the property on Thursday. They are asking 150k for a 2 unit that needs some rehab. I have a realtor but i assume since the deal is off market they wo...
Hi folks,I bought my first house in October and it was supposed to be 'turnkey.' At this point, I'm up to 3 maintenance issues, totaling roughly $300 altogether. The first was a broken closet door, the second was a ho...
Hey friends!Long time lurker, even though I post infrequently. My wife and I own a cashflowing quad-plex in Chicago that was a 3.5% FHA loan. We are in a fairly unique position because I work fully remote in a very se...