Leland S.
Retrofit sound insulation between levels
I'm looking to reduce the sound between two levels of a townhome, as I rent them separately, but they were built with standard drywall on the ceiling. The second story is supported by 1.5" open joists. After some rese...
Justin Goodin
How Are Cap Rates Calculated?
There are multiple ways to come up with a cap rate, so be sure to always ask how it was calculated.
Most cap rates are calculated by taking the net operating income and dividing it by the market value. Cue the examp...
Andrew Hinspater
LLC in State or Out of State?
Hi everyone, my business partner and I have just purchased our first rental property, and are now thinking of the best way to manage the property from a business perspective. We've looked into and are pretty convinced...
Angie Tagoe
Newbie from Columbus, OH
Hello all! My name is Angie Tagoe from Columbus, OH. My husband and I recently decided to get into the REI world but unfortunately both of us have zero experience in Real Estate. My research brought me here to BP and ...
Amy Hu
costly eviction and broken in -bloody lesson
In April we switched PM, this tenant in SFH stopped paying. It took several months to evict him and cost extra attorney fee. That guy forged payment receipt and appealed in housing court! Can you believe that? It's n...
Stewart McMillan
Another Chicago Horror Story - 72 Hour Rule
So I made a huge mistake with my ComEd bill and the power was shut off on my tenants.I tried my best to restore power after the tenants notified me on a Friday morning, but it was an exceptionally busy and important w...
Justin Crandall
Bed bug situation, tenant is responsible but no $$$
Hey Folks, I have a situation I hope your brilliant minds can help with...I have a tenant that brought a bed bug infestation to our property. The cost to treat is running about $1500. It has it in the lease that the...
Serge Roux
Restarting Out & Looking to Connect
Hey everyone, I'm just looking to connect and learn from you.Background story: my wife and I sold our (3) properties within the last couple years ((2) apartments and (1) small multifamily) and our now just down to our...
Bob Stevens
DO NOT GO IT ALONE, GET A TEAM IN PLACE
Hello all, I am seeing more and more post of investors trying to go it alone and getting crushed. Everyone thinks it's so easy. Just buy a property, place an ad for GS'S then place an ad for a tenant and all will be g...
Lucas Duncan
Seller financing: should i use an agent
Hi i am looking to purchase an investment property in the next few months using seller financing somehow so i dont have to go thru the bank as i would be denied right now for a loan. i am wondering if i should use an ...