Sean Malone
I think I found my first deal. Can you check my numbers?
Im a virgin landlord looking to buy my first rental and was hoping to get some feedback on my analysis before I make and offer. Iv over estimated the expenses that I have verified and under estimated the rents. Bu...
Jennifer T.
HELP! Utilities not separated in this apartment building
Hi all,I'm working on a deal to buy a 17-unit apartment building.However, nothing is separated by the unit and currently the landlord pays everything. As a result, utilities eat up about 30% of gross rental income eac...
Matthew Paul
Lights flickering in 2 rentals
I got a call from a good tenant . he describes how when they start the dryer all the lights dim in the house , then they will flicker for a while . He wants me to call an electrician , I tell him I will look at it fi...
Peter Fokas
4plex owner pays heat - how to factor in pricing
Found 4plex that owner pays heat. Heat is two units using oil. So if using 50% rule how much more should you factor in the expenses to cover this additional cost? 60% Also if you want to convert this heating system to...
Tom Bukacek
Need to find original seller!
I have a fix and flip closing on Friday this week. The original seller carried an interest free note of $12k until I resold. The phone number I have for her is no longer good and her e-mail bounced. Despite everyth...
Oscar Castillo Rangel
My Very First Deal in Real Estate
Investment Info:
Small multi-family (2-4 units) buy & hold investment in Mcallen.
Purchase price: $215,000
Cash invested: $56,354
3 units building built in 2014.
What made you intereste...
Stephen Brown
How to run numbers on a multifamily
Hello BP Nation,I'm in a little bit of paralysis by analysis. I'm only analyzing SFR because I don't have to account for utilities but I know that it would be smart to analyze MFR because that is another option I am c...
Douglas Stewart
Transferring Utilities to Tenants
Hi All,I've had a rental for 8 years with the same tenant. In an effort to get it rented initially I agreed to pay utilities (~$100/month). She is finally moving out and I would like to transfer the utilities to the n...
Tricia Laux
Home Warranty- Renew or run?
Hello,
When we purchased our first SFR last year, out realtor gifted us a home warranty through Cinch. We have used them 2 times ($150 deductible per call). First time was plumbing- they had to replace the main...
Paul DeSilva
Propane Landlord Account.
Hey BP,
About 2 months ago we closed on a 7 unit that only had 2 units rented. We have done some minor rehab and upgrades. Now there are 5 units rented and we need to upgrade the propane systems. Currently the prope...