Adam Waddell
First Real Estate Deal (Duplex)
Hey Everyone! This is my first post! I just signed up to BP and I have my first question. I was hoping to get some sage advice.I am looking to house hack or buy my first multi-unit rental property (du/tri/4plex). I f...
Brandon Last
Need help analyzing my first potential deal
Hello I need help analyzing a deal that I have been looking at.8 units$350,000 asking price$4000 rent incomeExpenses:Taxes $262.50Insurance $166Flood insuranceVacancy 5% $210Repairs 5% $210Cap Ex 5% $210Water Tenant p...
Dana Holland
Common items deducted from deposit
Hi all, loking for some input. Tenants are moving at the end of the month. They have been high maintenance and overly entitled to put it mildly. They have requested to be present for the move out inspection (which i...
Dave Ramirez
Got a call from someone starting out ... here was my advice
I got a call today from a 27 year old man about my craigslist ad for a lot i am selling. He was looking for a mentor. He finally got around to asking and I told him no. I did walk him through his pitch and gave him so...
Amit Shukla
Need help in analyzing a deal
HelloI need some help in analyzing a deal. In the area where I am, there's hardly ever a multifamily "deal". So when I saw this, I wanted to look from other pros eyes as to why this didn't make sense for them. In othe...
Jessica H.
Unmetered water estimate
Hi, I'm trying to estimate the cost of unmetered water for a 3-unit and arrived at ~$750/month. This seems a bit too high but I also could be estimating incorrectly since I found the terms in the Municipal Code of Chi...
Yanto Njam
6 units building with $101K annual rent. Is it a good ROI?
Hi,I have 6 units building that was purchased for $780K in Chicago area. Bought it early this year and bumped up the rent from $82K/year based on the previous owner to $101K yearly rental income. The property tax is a...
Aaron Lawson
Monthly Trash and property upkeep issues, advice?
Hey all, hope you're doing well! I have an apt bldg. challenge and looking for opinions from others, here is the scenario1) Back of property (6 unit multi) usually gets hit with neighborhood trash dumpers (mattresses...
Matthew Cope
Apartment Dumpster Headache
My wife and I bought our first apartment in Springfield, MO last winter and the biggest headache we've had with the property is the dumpster. It's turned into the community dumpster and people (non-residents) keep lea...
Mariah Jeffery
Triplex & duplex deal in South Dakota
I am considering a possible deal on a FSBO triplex and possibly offering a package deal including a duplex as well. These are in South Dakota. I live in Portland, OR but it's close to impossible to find cash-flowing d...