I have a friend who owns a SWH in SoCal and he basically has a squatter (MHO) who he has made an arrangement with a property he bought back in '07 - '08. Here is the basic situation. The lessee family are living in t...
Hi! My partner and I just purchased a two-family home in Bayonne, NJ and are now ready to rehab. We were wondering if you guys in the Bigger Pockets community think it is worth investing in Central Air/heat for both u...
I just started looking for potential investments on an auction site and found a potential investment but I can't seem to find any qualifying loans. every lender that I have called said they don't provide 203k loans Fr...
I purchased 11147 S Longwood in Chicago on June 26th for $159,000 @ 4% down with all closing costs paid by the buyer. The home was listed for $200,00. The home was listed as a SFH with related living. The home has 2 ...
Hi there,
I live in a older recently renovated multi-family community and in the last monsoon storm a power surge caused all our electrical to the community to be fried. The property management did admit that some of...
With the recent increases to standard deductions - the taxation benefits of owning your own home have been reduced.Being a landlord continues to be tax effective.I have a family member who is looking to buy for themse...
Hi Everyone, I'm just getting started with multifamily rental properties. I'm thinking about this duplex for my first deal but not sure if I'm on the right track! Any feedback is appreciated. View report*This link com...
I am looking at a couple rentals in town. They are older houses but are in pretty goo shape. There are 3 houses with a total of 6 renal units. All 6 together bring in a little over 2000 a month. The only thing is ...
Hi -
May be a stupid query - but aren't we all learning !
Since we are moving and buying house in another city - we are trying to put the present house for rent - will this house ( rental) be considered as my inve...
Hi BP family! This question’s for the seasoned Landlords/PMs... For your properties, is there any preventative maintenance (or updates) that you make sure gets done after a certain number of years have passed?For exam...