James Wise
It's always a good thing when your MF tenants get along right? Wrong!
This was a new one for me today.We have a side by side duplex. Had to evict both tenants. Move out day for one unit was today, the other unit is 9 days from today. The tenants did not vacate the premises so my guys sh...
Logan Krutsch
Commercial lot with contaminated soil
Hello BP,I am looking at a 6 acre lot to develop a self storage facility on. The problem is the land has been contaminated due to fuel tanks leaking from a gas station next door as shown on the phase II soil survey. T...
Nathan Gesner
Would you throw out your tenant's personal belongings?
Read this: https://www.newsweek.com/landl...Different states have different laws, but I wouldn't throw away items of value! If it were me, I would have placed these items in storage and only returned them when the Ten...
Dave Moore
Rezoning and Developing in NC
Hello, I've followed BP for a few years now but this will be my first post. Could use some advice from someone with more experience than myself.
Situation: I own a property in North Carolina that currently has a main...
Jason Baker
Buying Apartment Complex With $400k Down Payment
I’ll be selling a house in California in 2021. I expect to conservatively have $400k from proceeds. I am looking to use that amount as a down payment on an apartment complex or storage facility. Is this a reasonable a...
Erik Schneider
Best multi family books to read
Ive recently been reading up in multi family and larger apartment real estate spaces to invest in but I’m very perplexed at how to get into this space. I feel as if it’s the direction I’d like to go in the future.
...
Ignatius Okeke
What is the top niche in REI?
I have been considering which area of REI to begin with: multifamily homes, mobile home parks, or short-term rentals. I would greatly appreciate your guidance and recommendations on this matter.
Best regards,
Igna...
Tim Bellnier
Tenants “associate” put a padlock on a door
I own a North Carolina single family home with a full basement and one of the basement rooms (root cellar?) has an exterior door that now is padlocked.The lock was put on by an associate of the tenant and the tenant ...
Cam Jimmy
A few complicated tax questions! CPA's please help!
My situation: I was living in my own home for more than half of 2016, and I recently bought a duplex. I am now living in 1/2 of my duplex, while renting out my old home and the other half of my duplex. I usually use t...
Victoria Radcliff
House Hack Tax Break
I working on buying my first property to do a house hack in a single family home with a rent by room approach. I was wondering when filing for taxes if there is a tax break or if you would end up paying more in the lo...