Luke Johnson
2% rule across the board?
Hey everyone,My name is Luke Johnson, and I've been in the bar business for about ten years, and help to manage three of them presently. My employer, the owner of the bars, started off as a builder, and his family ha...
Jason Shim
$250K Home sales tax exemption
My wife and I are thinking of selling our primary residence in 2-3 years. we live here for 20 years. If the market continues the way it is, we are looking at a $1mn gain in 2-3 years. if we sell today, our gain is ...
Michael King
Multi-family exit strategies
Does anyone have a list of exit strategies that would work for multi-family properties in either a "lease option" deal or a "subject to" deal (subject to their existing financing)? Thanks, Mike
Andrew Caldieraro
Property management fees
Hello, I'm looking over PM fees, and I was hoping I could get some advice. I'm new in the game, and I believe this PM company will be a good one based on reviews and attention to details when meeting with them severa...
Patrick Hancock
Is this caluclation too simple?
Hello! Have not yet found a rental analysis tool (such as the BP one for example) that allows for factoring in payment to investors. Is the following calculation too simple to be accurate in trying to quickly analyze...
Shawn Adderly
Converting Basement unit to legal third unit
I recently bought a multi-family property in Chicago. I am looking to have the basement be made into a legal third unit. I would like to have the basement redone to have a separate heating system from the 1st floor un...
Michael Calderaro
Laundry Room Issues - How commissions are paid to your property
Greetings Gentle Readers!Today's topic is one that is of some concern to multifamily apartment owners currently in a laundry lease or thinking about signing a laundry lease."Commissions" is a colloquial term used by l...
Jeff C.
Severing one home into two
Hey all,Looking for some feedback on this idea. I sent out a mailing campaign to expired listings to a few cities in Ontario, Canada, and I received a response back from a motivated seller. This property has 2 address...
Anne Christensen
Investing in Pittsburgh?
Hi,
I'd love to hear success stories from investors in the Pittsburgh area! I am researching the city and surrounding areas and seriously considering it for my first BRRRR. Can anyone recommend a great REI friend...
Logan Allec
Plumbed Quoted $2,500 to Replace 12' of Piping...Reasonable?
One of my rentals is on septic, and I have had problems with roots down there.I know very little about what piping and installation cost as I have never had to replace pipes in a property before.I am curious if the Bi...