Brian Volland
Profit and Income Allocation w/ VA Loan
To start, I'm assuming a 4plex purchase price of $250,000, cash flow of $1k/month, an additional $1k/mo from personal income, and ~$14k starting funds. This would be the first purchase and bought using a VA loan @ 3.7...
Eric Hathway
Help me decide "best use" for a lot next to my new building.
I am purchasing an 11 unit building with two unpaved lots directly next door. All the tenants use one lot for parking with more than enough room. What are some ideas I can do with the other unpaved lot to maximize pro...
Shyam Sundar
Reserves for buying rentals
I see some landlords say they own 10 or 20 rentals. I am not sure how they are able to do that - not the loan part as I am aware there are funding structures etc. but the cash reserves part. Don't people hold some cas...
Mark C.
Asbestos abatement and testing
There are some properties I am interested in that are older and they most likely have asbestos. I am risk averse and if I were to purchase, I would tear down to the studs and do a full rehab {this would include getti...
Bethany Johnson
Un-Permitted work and getting rental license
When you apply for a rental license do they look for un-permitted work? I’m new to the rental game as I’m sure my question shows my newbie status. Reason I’m asking this question is; I bought our first house a 1915 du...
Andrew Bosco
Finding Tenants for an MTR
Hey all! I'm going to keep the good times rolling with more relevant information. This time, it's about actually prospecting tenants for an MTR. I have a little different strategy, but it has proven fruitful. It's a t...
Peter J.
No HOA reserves ($0). Time to sell?
Purchased a 1 bedroom condo for $180,000 in late 2008. Current CMA value is $130,000. Reserves: Reserve fund was $16,000 in 2008, but NO reserves remaining. There have been no reserve studies.Financials: The condo c...
Marc V Palmeri
Looking for advice on a HOA trustee breaking the bylaws
Hi,Its recently come to my attention that one of the trustees of our condo association is short-term leasing their unit in violation of our bylaws (which require rentals to be at least 1YR terms). I find it alarming ...
Tamara R.
Leaning Retaining Wall? Who is responsible
I wasn't sure where to post this, so am posting it here.
A builder bought the property next to mine and tore down the existing structure to build 2 houses. There is a retaining wall and fence separating our properti...
Abbie Gibson
New Investor from Stonington, Connecticut
Hello! It's great to be a new part of the BiggerPockets community. My name is Abbie Gibson, and I'm a Johns Hopkins University student currently studying remotely from Stonington CT. My real estate interests focus on ...