Lincoln Waite
Paying utilities on a Multi-Family and it's eating all of my cash flow. (Iowa)
New investor here. My first property was a multi-family in Iowa. I got it for dirt cheap, and now I see why. The former owner (LLC) was rather lacking on upkeep of the units. And now after a year, the utilities are ea...
Ryan R.
Spray Foam Cost/Value?
I'm having foam sprayed into a section of a rehab this morning. It's in an attic that was converted into two bedrooms. I don't have a lot of experience with spray-foam; this is my first time to personally use it.
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Andrew S.
Hot upstairs bedrooms - bathroom fan to attic?
Hey BP! I recently moved into my first house hack that I gutted and finished up to move-in with my old roommates. They've complained about the upstairs bedrooms being hot and minimal air flow. I currently have a st...
Josh Shaw
First deal analyzing and help
Wisconsin multi family investors, realtors , or anyone willing to help I have a deal that is not on the market before I make an offer I'm reaching out for some help to make sense of the deal and to ensure it is in fac...
Bryan L.
Tenant Pays Heat in COLD Climate
I have a SFR that my tenant will be paying to heat (oil) and I'd like to update my Lease to reflect. Wondering how others handle this, do you fill the tank before they move in and require it to be full when they move ...
Candice Hill-Crouch
New Landlord wanting to change lease agreement for inherited tenants
I am in the process of purchasing a property with inherited tenants that are being rented for far below market value. IE units are being rented for $475-$500 and market value sits at $800-1125. 3 of the leases are in ...
Ken Hicks
Dallas "foundation problems"?
What am I hearing so much about foundation problems in the Dallas area? I am told you have to water your foundation because it is a slab and is on clay that drys up to much in the summer. Has anyone ever had or know o...
DJ Carroll
Highest CAP rate you have ever purchased.
Curious as to the highest CAP rate on a deal you have bought .... one just fell in my lap that is like ~25% .... It's insane but it's an older guy that just wants to retire said that's what they are worth to him. LOL
Doug Johnson
Low Ball Offer Advice
BP,
How would you recommend putting together a fair offer? Check out the below example:Value = NOI / Cap Rate2019Value = $35,350/ 8.40%Value - $35,350/ 0.0840Value = $420,833.33Is this a correct way to analyze the ...
John Ray
Investment Property Refinance
I have a property that I've put a little money into recently and am debating refinancing to cash out. Does anyone have any recommendations for banks or lenders, that you've worked with, who will do a cash-out on a inv...