Andrea Johnson
Deal Analysis, rental property
Hi BP community:I have access to a deal that seems so-so to me, but I have purchased very little rental property so I'm putting it out to you.The property is a condo, 960 SF, 2 beds, 2 baths, located in a smallish col...
Alex Juarez
Doors and Appliances for Rental
Hey BP! So I am going to need to replace two doors in a rental and wasn't sure if there were better places to get them from besides Home Depot or Lowes? I need to replace one interior door and one exterior (back door)...
Esaul Viramontes
Help Getting rid of Deplorable smells
Over the course of my real estate career I have been through hundreds of distressed properties and nothing can really surprise me anymore. Having said that, I am requesting advice on how to cleanse a property that st...
William Allen
Latest flip produced just over $40k
We just closed on our latest flip and the first in our new market. I figured I would post the story to help out some of those trying to get started. These are the types of posts that pushed me to get started so hope...
Mike Ball
CapEx Reserve In multifamily Properties
I am having a tough time understanding how $250-300 per unit is adequate for a CapEx Reserve. For example, if an HVAC blows out, that’s a $3000+ expense and there goes 10 years of reserves. There are so many other ite...
Liam Tennies
203k Renovation Too Big For My First Property?
Hey BP, hoping I can get some clarity on this property and get a push in the right direction for my first deal. I have been qualified for a 300k loan. This is a 203k loan where the renovation cost of the property are ...
Adam Craig
Office building rehab questions - Sign, Lighting, Wallpaper
Just closed on 1852 historic office space and we are starting rehab. ITs 4-6 different sized office units that will most likely house businesses like CPA, Attorney, Graphic design. I am going to keep the character but...
Jeffrey Chang
What to deduct from security deposit when tenant moves out?
Hello.I am a newbie with rental properties and currently have a few.I am uncertain what is considered a normal wear and tear when tenant moves out.My lease states tenant should leave the property in "ready to move in"...
Adam Craig
First office building purchase - NNN lease?
We are closing on an office building in about 40 days. Its a 5000 sq ft century home converted into 5-6 separate office spaces with me occupying one for my business. I plan on having some commercial agents through for...
Cristy George
Insurance for Vacation Rental
We are closing on our first vacation rental property in Destin FL in a couple of weeks. I feel so ignorant about everything we still need to learn! I am seeking out insurance companies for the property. I have a list ...