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I have a tenant living in our storefront. It is a commercial space. But he lives there. And he did not have a business license. The city allows business work/live property. However, the tenant has to apply for the per...
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I've been thinking of investing in a multifamily for about 3 years now and finally taking action. We've been pre-approved but running into confusion on the best option going forward. Background: We currently live in a...
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Hello everyone I have some LLCs in the state of Michigan where I keep my rentals. I am looking to form a holding company where my current LLCs will be under. Does anyone have experience with this? Could you share wher...
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Can someone please help me understand cap rates? For some reason I can't wrap my head around it. I understand the mathematical equation... that's easy enough. Cap = NOI / Property Value. NOI is pretty straight for...
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Hi i got pre approved for a 100k fha/conventional loan for a 2-4 unit. but can be 1 unit but the loan amount will be less. was wondering what i could do with that.. brrrr seems like its not an option since its recomm...
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Hello BP folk! I am currently in the process of purchasing a SFH that has the perfect layout to add a wall and kitchen and make a duplex. I already got permission from the county so that is one major hurdle out of the...
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I recently heard something that brought an idea I was thinking about to the surface. I heard that (in general) it is bad to look for buy & hold properties in neighborhoods that are hot "fix and flip" neighborhoods...
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My wife has been renting a 2 bedroom home with a month to month lease for 5 months. She has been a perfect tenant, she's clean and takes good care of the home. She has never been late on a payment, never has done dama...
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I just cannot decide if I want to become a real estate agent. I hear that most agents fail. I’ve watched dozens of videos about the topic. I have a pretty good handle on what the pros and cons are. Can someone please ...
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Hello everyone! I hope you are SURPASSING your real estate goals or at least close to it. I recently went to a Brooklyn REIA meetup and the leaders told me that they primarily do deals in Philadelphia. The leaders of ...