Omid Sadeghi
When and to what extent do you improve your Multi-Family Units?
Curious about your approach and strategy. I have an 8 Unit apartment building in Los Feliz, Los Angeles, CA. One of my units is now vacant. I could slap on some new paint and make minor repairs to get same/similar ren...
Michael Huang
Big renovation with tenants living in there
Thinking about buying a 200 unit value add apartment. The complex is currently 91% occupied. But these are some C- buildings at A- location. What I am trying to do is to upgrade the kitchen, floor, paint the wall, win...
Mike B.
How do you increase or decrease your Reno budget for rentals?
Just curious what others consider, when evaluating a rental property for rehab.. how much to spend $$$ (more then basics) vs scaling back and doing minimal.
I ask because my action plans have always been to update r...
AJ D.
Cost Basis on New Construction
How would you account for appreciation/upgrades to a new construction build from a Cost basis perspective?Ex) Original build was estimated to be $500k, however during the build upgrades were selected such as windows, ...
Nicholas Smith
Mixed-Use Commercial Opinions
Newbie here.. I am interested in a property that is in a great location. Commercial first floor with 3- one bedroom apartments on the second floor. The building is on main street within a growing community and faces...
Nancy E.
Property Management Issue
We have been using the same PM for 8 years and have been happy for the most part. However, the latest turn required extensive maintenance and upgrades. We kept the security deposit but it was about 1/8th of the total ...
Patrick M.
Mortgage Insurance or 0% APR credit card
I am looking at a property and have the scenario of either 1. 20% down. All cash tied up. Cash flow 400-500. Upgrades of 10k. Use 0% for 15 month credit card to finance 10k upgrade. Cash flow now pays down the 1...
Steve Buchanan
How aggressive would you get with rent increases?
I recently purchased a 10 unit apartment building in Long Beach, CA and my strategy is to do a value add. The exterior of the building has a decent amount of cosmetic deferred maintenance (needs landscaping, exterior ...
Blake C.
Offering Discount for Early Renewal
I have middle income tenants in one of my properties. Overall, they have been good tenants. Clearly tenant turnover is costly (repairs, vanacy, work I have to do to fix it and show it). Have you ever considered giv...
James Cecere
Mult-family Unit in Gentrifying Neighborhood
Investment Info:
Large multi-family (5+ units) buy & hold investment in Philadelphia.
Purchase price: $795,000
Cash invested: $60,000
6 Unit building in an up and coming area; existing renters an...