Account Closed
Is a 50 year old property too old?
I've seen the rule of thumb that you shouldn't buy a property older than 30 years for value-add multi families. In some markets (like Cincinnati) the up-and-coming areas consist of properties that can be much older; b...
David Wooten
Evaluating 100+ Units
Greetings,I've been evaluating a package of properties that together, total over 100 units.I keep reading that on the calculator to use 5% for repairs, 5% for capex, 10% for management and so on.When looking at over 1...
Shawn Westbrook
Beginner Handyman tools
So, as a budding house hacker I wanted to ask my friends on BP:What tools come in most handy to a novice landlord? What should I add to my list?HammerTape measurePower drillHacksawSanderScrew driversAllen wrenchesChan...
Ellie Narie
What should I know about self-managing D-properties remotely?
I'm looking into investing in Ohio (possibly Cleveland), because of the cash flow. But I heard a lot of bad reviews about property management companies. Is it possible to self-manage in D areas? Here's what I'd want t...
Kevin Paglia
That was a disappointing start
I went to look at my very first potential property investment today. I was very excited, showed up 10 minutes early and waited, and waited, and waited. The realtor NEVER showed to show me the property. That's fine,...
Shyam Panchal
Found Some Problems Post Inspection - Need Advice ASAP! (Texas)
I am currently under contract for an SFR in Texas. The house was recently remodelled but after the inspection, there were some issues found. Although the cosmetic finishes look quite good, there are some fundamental...
Alex Brillantes
I tried using OPIUM to buy a townhome, bank says maybe
Hi all,Newbie from Scarborough (Toronto) here.Now that I've got your attention, no I didn't try to use drugs or drug money ... I tried using Other People's Inactive Underutilized Money; OPIUM for short.Last week, I s...
Adrian Jenkins
Horror or Great stories for out of state newbie investors?
Hello everyone.As a newbie I am a little concerned about investing in a city and state I am unfamiliar with for the following reasons.a) buying in a place I’ve never been tob) not being able to tell what part is good ...
Account Closed
I Made Huge Returns on Low-End Rentals and You Can Too!
I grew up in New Jersey and bought my first property at 18. I didn’t really understand how real estate transactions worked, so I went to the court house and watched several transactions occur. As time passed, I found ...
Joey Nakayama
Chicago ADU ordinance
An ordinance was introduced this week to re-legalize the construction of new "accessory dwelling units" on existing Chicago properties. This includes coach houses and basement & attic units, which could be added w...