Ralph Noack
switching home from rooming house to triplex in D neighbourhood
I purchased an old house (built in 1885) which over the years has become a rooming house. You rent out a bedroom; there is a common kitchen & common bathrooms. Its very run down & neglected. There's a 7 bedroo...
Edward Alicante
Question about Triple Net Valuation on rent increase
Hi BP!Does anyone know how absolute triple net property valuation work? I know there's probably a lot of variables like sqft comps, the tenant, cap rate, etc. but to keep it simple lets say you have a property that's ...
Christopher McGuire
Condo Conversion
What is involved in buying apt building then selling off units as condos? Rezoned??
Viviana Rueda
Interesting Bloomberg Article on the Increase in Landlords
Hi folks - ran across this Bloomberg article on LinkedIn this morning. https://goo.gl/VW2JFF Not such a surprise to this crowd I'm sure. The looming question for me isn't necessarily that we're crowding out the potent...
Aaron McGinnis
What color for hardwoods and carpet?
So since we've got a very interesting thread going on wall color, I thought I'd ask -
What color is everyone using for hardwoods and carpet? We try and go as light as possible with the hardwoods while still covering ...
D Higgs
Rent Increase? Limit?
Good morning BP!Is there a limit on how much I can increase rent of an existing tenant, assuming the lease is expiring soon? I know you have to honor any existing leases if you purchase a new property. Let's say I de...
Dave R Ludolph
How to structure a deal using an LLC with a private investor
I'll try to make this simple as it can probably get a little confusing from typing. I have an LLC with a partner and we are investing in properties under this LLC. We have a few friends and family members who would li...
William Mccurdy
Purchase price directly related to rent.
So I have been doing a lot of calculations and it seems to me that purchase price is proportionate to rent.
In my area rent is controlled almost entirely by military BAH. It's a plus and a negative but it seems that ...
Tony Colquett
Bank will not allow leasing.
I was trying to make a lease option deal with a lady selling FSBO. She informed me that her mortgage specifically states that they are not allowed to lease the property. Are banks/lenders adding this clause in their...
Brandon Fallon
Zoning issues RD-14
Very disappointing news yesterday. The city planner changed his mind on my property. facts: The property has one 3/2 1179 Sq foot SFR on it now. Its zoned RD-14 which is a duplex property. I’m in planning stages to do...