Allison Karrels
How much Cap Ex Reserves do you have?
Right now I am in contract to purchase my 6th rental SFH. I have been putting aside $100/month/property for a while now and have about $10,000 sitting in a cap ex reserves savings account so that I am prepared for th...
Harley S.
Tenant Invoicing Me
I have an interesting issue where I purchased a commercial property that was seller occupied. The seller stayed in one of the commercial units and I assumed his existing lease as well as the other existing leases. T...
Zulf H.
Should I purchase 6 Multi Unit in great area versus 30+ unit bldg in not so great area with almost the same investment?
Dear BP Members,
I am looking at adding a new new multi unit property in 2015 to my portfolio, however I
am confused and looking for some advice from members who own multi u...
Devin Bost
Why sellers sell for below appraised value?
I'm learning how to fix & flip homes, and I've noticed cases when properties are listed on the MLS for below the appraised value of the property (or so they claim). In the current market, it seems that appraisers ...
Jamie Young
Would a flood plain shake you out of an otherwise solid deal?
Hi All,First time posting, but long time reader here. I have an opportunity to buy a fully remodeled 3 bed, 1 bath for $64K. It is tax assessed at $94K. My intention is to hold the property long term as a rental. Avg ...
Julian Rodriguez
NNN Lease Property Offer?
I have a NNN Lease property that is being offered to me at 2.5 Million in New York. It is a 12 unit property and the existing lease is for 5 years with the option on the tenant to renew after the 5 years for an addit...
Powell Slinkard
Starting in REI
Hello All,
I am new to REI but am looking to get started at a young age. To try and keep the message short I will provide readers with a brief background. I currently own two properties completely( no mortgag...
Dee Smithly
Inspection results- should we walk away?
Hello- We just got our home inspection done for our first time home and here are the major issues that our inspector identified. Since it is sellers market, we are already paying way over the listing price. Would you ...
Birch Norton
To Sell As-Is, Fix + Hold, or Fully Renovate + Sell?
Hi gang,
Long time listener, first-time caller seeking advice on a 2-family we own north of Boston:
OVERVIEW:
- 2-family w/3bdr 2ba downstairs and 2bdr 1ba upstairs
- Market Value: ~$580k
- Current loan: $118k / ...
Janki Shah
Would you buy a property where the CoC is less than 8% ?
I'm looking into a property that's on the border of a C neighborhood. It's a duplex (3br and 1bth on each side) and only one side is currently rented for ~$650. Rentometer median estimate is about $1100 but BP insight...