Erin K.
Insurance question for buying new properties
When we purchase a property and go to add the property to our policy, they always want to know what year the electric and plumbing was last updated. Frequently, either the seller doesn't know, or when it is an REO or ...
Mason Bear
Phase 1 + what are we missing???
Hello BP,My business partner and I have been investing for ~4 years. We currently have 6 SFHs and an 8 unit, and our portfolio has performed a lot better across the last 4 years than we ever expected.We're currently u...
Edward Kanive
Contractor work license needed?
I own a small condo right now that I am living in but am prepping it to rent. I am making renovations to make it appealing to prospective tenants and keep my wife happy in the mean time. I have a guy that isn’t licens...
Agustin Conti
Old Cast Iron Pipes Broken
Hi Everyone,
I am not sure if this would be the right Forum for my issue. I have tenants in a single family home in Hollywood, FL. and there are 2 damaged pipes. The house is from 1969 and the pipes are very old. I ...
Mindy Bowden
Insurance claim for rental
I have a rental property (townhouse) that recently had some water damage. The faucet to the tub on the second floor broke when the tenant tried to shut off the water. It took her awhile to figure out where the main sh...
Jordan B.
How much do you pay for Landlord Insurance?
Hello,I just received a Landlord Insurance quote from Liberty Mutual for $2,707. Does this seem high?Background: 2-Family Built in 1896Located in Cincinnati OhioUpdated Plumbing and ElectricalI will not be owner-occu...
Mike Jay
Becoming a licensed contractor for permits only
Hello community,I've flipped a few houses/buildings and gutted them down to the brick walls and never pulled permits and thankfully didn't get caught(was up to code)I can't pull permits cause I have no license but I c...
Maria M.
Wood home built in 1946
Hello, I found a conforming multifamily near where I live in south Florida, priced as a triplex. So at first I thought it was great. Only, I noticed that it was built in 1946 and it’s a wood home (not just wood frame)...
Jeremy Komer
Need Advice on the inspection of a 4 plex
I have a four plex that I am in contract for but the inspection revealed galvanized steel piping from the 1930s when the place was built. The inspector did find one rust spot that looked like a possible previous leak ...
Steve S.
Buying a 1940 house as a rental
From reading on here and listening to the podcasts, it seems this isn't too uncommon in the rust belt. However, I'm looking to do this in Texas for about $65,000. It would cash flow around 17% based on projected ren...