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I will be closing on a 4 plex apartment building this month. Each unit in the building needs new windows and could use some updates to the kitchen and needs new carpet. IRS rules require that repairs, when done as par...
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Hey everyone. I bought my first property. I close in a few days and my insurance company pulled up the property that had water damage on two separate incidents and currently, both are open insurance claims. The seller...
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There is a 6 unit multi-family building in Chicago’s Douglas Park (subpar) neighborhood that advertises a “14%” cap rate as a “guaranteed subsidy.” Aka section 8. It’s also on the MLS. The building is $380k. Fully occ...
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Hello BP, So, last year I picked up a 1,900 sf rental property which was a 2 bed 2 bath. It had a large finished basement so I was able to section off two areas and make additional bedrooms out of them. It is c...
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I was close to putting an offer on a property, but I just came across a Foundation Inspection Report. It is directed towards a bank, so I'm wondering 1) why it was required by a bank in the first place?Anyways, these ...
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I am looking to buy a house with the original septic system. I already know the tank is bad and needs to be replaced, the leaching field could not be easily checked being that they are deep under ground... would you s...
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Title pretty much says it all. This is how I'm running the numbers while looking for a house hack. What could I be doing better?
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Hello Fellow investorsI am going through getting the 3 family rehabbed in Springfield MA. The goal is to have it as a long term buy and hold cash flow property. It is in a class C neighborhood.There is major plumbing ...
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what can you do with a detached garage with a living space up top to avoid flood insurance given the garage is below. How do you make is flood proof as they say in FEMA to not need flood insurance. Its a brick garag...
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I have a single family home in San Diego. I have a property manager managing the place.I recently went by the property and noticed the lawn is dead. I seriously doubt the tenant is watering the lawn or the plants. ...