Michael Orlando
"Sub out" your renos or hire a GC on smaller properties?
Wanted to get everyones opinions.. We just closed on 22 units mid march and went back and forth on whether to organize the reno work schedule ourselves (schedule the demo guys, painter, buy floor, schedule floor insta...
Freeman Schultz
Vacant apartment questions
In New York City a common practice among some landlords is what referred to as "warehousing" where they take vacant apartments off the market because it is less profitable to rent them out.Another reason why apartment...
Lorene Fleming
Evaluating an empty multifamily
I understand the concept of making an offer on a mf based on NOI and expenses and the cap rate; however, in the event of an REO mf that will be empty - if not @ coe than not that long after - but still non performing....
Kevin C.
Renting a room in vacation home, how'd you get spouse on board?
So we have a vacation / second home in another state that we generally use about 1 week a month. I suggested to my wife that maybe it would be a good idea to rent a room out to accomplish two things, bring in a litt...
Aundrea Newbern
NY is trying to outlaw income discrimination in housing
Gov. Cuomo is trying to outlaw income discrimination for housing. The bill he is introducing in NY will disallow any discrimination based on a resident's source of income (i.e. Section 8, non-wage income sources). Thi...
Account Closed
Distressed Condos In Great Neighborhoods
This probably should go in the starting out section.
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Adam Craig
Biggest project to date - Looking for some advice on the rehab.
I just closed on my 4th commercial building - its a 23K sq/ft vacant 3 story building in the downtown of a C+ or B- city.
I picked it up at a great price of 190K. I estimate 350-500K in repairs and the ARV based on c...
Berkley Bossard
Lawrence County PA Property Management
I just received notice that I will be mobilizing back to active duty for 15 months starting in July. I have a duplex that I am almost done renovating, and am looking for a property manager so that I can begin to recou...
Chris C.
Duplex Analysis-Owner Financed!
Thank you everyone in advance for your input! This is such a great community and I really appreciate any advice or input you can provide. This will be my first owner finance deal so I want to make sure I am on the rig...
Julia Bublitz
Using Social Media to Contact Vacant Home Owners
I am a newbie in every way possible. I have been trying to catch up and follow the BP Podcasts and every one says to jump in the forums and get involved, so here goes!
In my neighborhood, I have noticed this vacant h...