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Should I become a "slum lord"?
I live in Austin and am considering a property that is most definitely in a bad part of town. The street is littered with lots of un-picked up garbage and several cars on blocks. But the financing looks great.
4-pl...
Michael Gangemi
Group consensus on a deal
I found a brand new townhome in Kissimmee with luxury finishes, resort style amenities, the whole nine. The price is $435K and I was thinking of doing 20% down. This townhome is a 5 bed/ 4 bath with 2020 sqft so it's ...
Renee Pratt
Tenant not keeping up with cleaning
While I was doing routine maintenance on an apartment that I rent out, I noticed my tenant is not cleaning the apartment at all. There is grime all over the kitchen floor. The grout that was once off white is now a da...
Matthew Holtry
Closing Costs - Normal for PA?
After 2 years of "getting ready", my wife and I have finally made an offer on our first deal! I recently attended a BP Meetup Group where a group of ~20 great people analyzed the deal, and many of the seasoned pros fe...
Shmuel Waldman
Help me analyze this Multi Family unit
33 Unit - Asking $4350000 - ( I believe I can offer $4120000)Building is %100 occupied Current Rental Income - $400380Total Additional income $20698ExpensesReal Estate Taxes $66,695Insurance $8,407Trash $3,534 ...
Reinaldo Lopez
Home maintenance inspections
Hi , Hope that everyone is doing well and staying healthy.
For those of you that own rental properties, How often you do a property inspection and how or who do it?Do you hire a Professional Home Inspector or do it y...
Eli Rollins
Analyzing apartment deals
Hello! I was wondering if there are any expenses I should consider when analyzing an apartment complex. Is it basically the same thing as a small multifamily but you just take the extra units into account, or is it wa...
Tyler W.
For the seasoned pros- knowing now what you didn't know then, what skills does it take to become successful, and what would you do differently?
New here to BP and I started out as one of those "I'll get in and make money within a month!" but my optimism quickly turned to realism as I discovered just how much I didn't know. So, as I learn to take it slow and g...
Frank Rivers
203k loan question ?
I already have a rental property and now I’m looking to buy a primary home but with a 203k loan is that possible? Both places are miles apart.
Travis Cripps
Maintenance, repairs, and cap ex
Hey Guys,Question regarding projected maintenance, repairs, and Cap Ex. I've heard and read opinions on the anticipated expense percentages when evaluating a property (10% property manager, 10% repairs, 50% rule, etc....