Wyatt A Brady
0/2 on STR offers, and no end in sight!
Ready to take the plunge on an STR, and I've driven to my target location on the drop of a hat to put in healthy offers twice in a month. The first (turnkey) for just under asking, and the second (almost a full gut) f...
Michael S.
What is the weirdest thing tenants have left behind?
What is the weirdest thing your tenants have left behind in your property and how did you deal with it?
Marc C.
Making an offer when you don't have the numbers: How to proceed?
What would YOU do?My partners have been sending out letters to owners of multifamily buildings we’d like to own. Response, as you can imagine, has been light, but we have heard from at least two owners who have intere...
Manny Miranda
Should I go look at a property myself or w/ inspector?
Hi,
First thing I'm glad I joined BP the post, books, and podcast are great! There is so much to learn on here but I plan on sticking around here and learning so I can tell my first success story!
However, I just sc...
Dan Smith
Rent Increase Issue - Massachusetts
I'm in an interesting dilemma here:Quick backstory: I bought a three family in Massachusetts a little over a month ago. I inherited tenants on the first floor. Before actually closing on the house, I drove out to i...
Derek Hutson
Unconfounded roommate fears
Hello!In the near future, I will be making a move on a property that I will be house hacking.However, my soon to be wife is afraid that any roommates we may have that she does not personally know will turn out to be e...
Tom C
AMCs
Who else has had to deal with this new program? Here is my latest experience. I have a SFR, which I purchased for $14K, 15 months ago, it was a REO. I am pulling some cash out and had to have it appraised. My broker h...
James Friery
Need advise on this 21 unit pocket listing
Hi all!I'm currently looking at a pocket listing in Troy, NY. The current owner is shopping it around for 1.35m (7cap) and the proforma numbers are as followed: ANNUALIZED INCOMEActual MarketGross Potential Rent $191,...
Shashank Gokhale
Contract law for buying real estate
Im in Texas, but this pertains to any state. Is it necessary to use the real estate contract that the state provides or can you make up your own contract?
As long as both parties agree to and sign a contract, then...
Tessa Rysztak
Need help understanding seller financing terms
This is my first "real" post. I hope I'm putting it in the right place!Im looking at starting out with a few small multi family investments, with seller financing. Right now, I'm working off the MLS. One of the hom...