Jeff Brower
4 Unit Analysis. 1 BR units, FHA owner occupied loan.
Hi all, I am currently searching for a 4 unit to buy and owner occupy using an FHA 3.5% down loan. There is nothing in my market that is desirable to me, so I did an off market mailing campaign to all 3/4 unit owners ...
Sam Leon
Before you clean off an old flat roof...
Well I think I kind of hit the jackpot...One month into a new rental purchase, I have to bite the bullet for a new roof, a subterranean termite treatment and a drywood termite fumigation.Property has a flat roof, trad...
Paul Staszel
Should I buy a multifamily built in 1872?
Currently looking for a multifamily building to buy. One came up in an area I want to live however the only thing holding me back is the year it was build... 1872!!! Should I stay away?
Justin R.
Advice on 16 space park across from elementary and middle school?
Hey fellas! I'm currently looking at a 16 space park across a street from an elementary school and a middle school. The schools have pretty average ratings and the park isn't doing so well.According to the profit and ...
Kenn C.
Contractors Request More Money Than Estimated Cost
Who pays for unexpected costs that arise for a contracted job? The contractor estimated a job, performed the work, then came back with additional charges to cover more work that was performed and/or materials.Do you h...
Lisa Miller
7" Rain this month, Wet basement walls, what is the best sealer product?
Western Washington has had more than it's share of rain this winter. Seven inches this month alone. One of my properties has a full basement with cinder block foundation walls framed out with sheetrock. The lower h...
Daniel Lozowy
Looking for signs of distress
Hello BP experts,
Besides the obvious. What are some telltale signs that an apartment building is in distress? What are some things that an experienced will spot but that a newbie will miss?
Account Closed
How would you handle selling with seeping block walls?
This basement is 32x29 with block walls that have previously been painted. I don't know if it was Drylock or just regular paint. There is one area about 6 feet long that looks like some sort of patch had been attemp...
Sunny Burns
Garfield NJ - 12bdrm Quadplex - 1st Home purchase - biting more than we can chew?
So we have a 4 family Citibank REO under contract. It is two detached duplexes(upstairs/downstairs units) on one 5000sqft lot. Each of the 4 units, are 3 bedroom and 1 bath. It is not in a floodzone, two blocks from ...
Gail W.
Oh CRAP! HELP! Accidental Landlord given bad tax advice :(
OK. So we just could not afford our Laguna Hills, CA house anymore. The kids were gone, the electric bill was massive, the neighbors were awful...so we figured we'd rent it out and find something smaller/cheaper to re...