Jon Coleman
Inherited tenants who smoke inside
I'm purchasing my first property and am having a difficult time deciding how to craft the rental agreements for the inherited tenants. I am fortunate to have found a four unit in Milwaukee with three units occupied by...
Jonathan Roberts
Multi-Unit (7) BRRRR
Hi All!I have a deal that I am analyzing and I wanted to get some opinions. The property is a 7 unit apartment building that is in need of some repair. The seller has agreed to seller financing, and I am currently in ...
Payton L.
Help Me Analyze This Deal (First Multifamily Purchase)
Hello BP! I am hoping you can help me analyze this deal. On paper my numbers are okay-good. It's my first multifamily purchase, and I am in the process of working up an offer on four duplexes. Here are the details: Cu...
Daniel Ventura
VA LOAN ON DUPLEX FORT WALTON BEACH AREA
Hi all,
I'm currently under contract on a duplex for 370k in the Fort Walton beach, FL area. I'm currently trying to use a VA loan to purchase the duplex and fix up one unit and house hack the other. The idea was bri...
Michael McCoy
Replace HVAC or wait?
Recently closed on our first REI. Plan is to hold and rent it out for a while. The place was built in 95 and still has the original HVAC which is an R-22 unit. The outside unit looks bad but we had a professional c...
Dan Galvan
Advice on Multi-Family Property Opportunity
This ad is for a property that I'm familiar with regarding location/address.Ad: Older 4 plex, approx 5000sqft, needs updating, selling as is. Selling due to health issues. Asking $259,000 negotiable. Email for details...
James Africano
4-Plex Rental Analysis - Need Another Set of Eyes
Hi all!I've been searching around and finally found a 4-plex that caught my eye around me. I went and was shown the property by a realtor and it looked like a decent property to own as a rental. Great location next to...
Carmen Ngai
Invest in real estate locally vs remotely
Hi there,I am a newbie here. I have been investing in the stock market for years. Now I'd like to diversify my investment by getting into real estate, starting small, likely a 1-2 bedroom condo or townhouse and rent ...
Mike Hoefling
Depreciating a Rental Property
As I am getting ready to do my taxes this year I started thinking about the depreciation for my rental property. I know the standard is to depreciate the rental property over 27.5 years but since I don't plan on ownin...
Anna Hamann
Forming an LLC or a Partnership and getting financing
Hello everyone,Myself and 2 of my colleagues want to invest together, and we wanted to find out what is the best way to organize ourselves. Form an LLC or a partnership? Then also if we are all willing to get financin...