Joey Newton
How to sub meter H2O in multifamily?
Good morning BP universe!I recently purchased a pair of 4 families in the St. Louis county area, and I am a total virgin when it comes to this. I want to sub meter each unit's water, so I would non longer have to bear...
ToRena Webb-Thomas
Rental Increase Letter
I have a tenant I inherited in Dec 2015. I was told their rent included parking and storage in the basement. I wasn't given any copy of the lease and he wouldn't sign a new lease or TAW agreement for our Property Mana...
Carlos C.
Deposit Return Issue
Hi Guys! So, I have a question and hopefully you fellow landlords can guide me in the right direction.
I have a Unit in a duplex in Sunrise Florida that the tenants just moved out. I assessed the damage and texted th...
Haley M.
Cost for mini split AC units in Boston, MA
Hi everyone, we're considering putting mini splits in our Boston unit for AC only (heat is natural gas). The unit is 600 sq. feet and I know we need an exterior unit of 20,000 BTUs and two indoor units. We're on the t...
Mike Bratsky
Apt Building Partnership
My friend is a real estate developer who has successfully bought, renovated and sold/rented out a few small apartment buildings in the area (I live in the Bay Area so there are plenty of 4-8 unit buildings). We are t...
Rufus McLaren
Lease Options in South Florida
I am a broker in Fort Lauderdale. I have an agent with a client that wants to sell a rental property that she is breaking even on. She bought the property in 2004. (Note, I mentioned a similar scenario in another shor...
Brian Garrett
Line of credit for 5x your available cash
I've heard about a LOC a few different times that gives you 5x your liquid cash and/or assets.For example if someone had $100k in their savings account they would have $500k purchase power.Does anyone know anything ab...
Allyssa McCleery
looking for bank representative
Hello, there is an off market property that I have been trying to acquire for a couple months. The current owner is under water on the mortgage and the property needs a lot of rehab. I have met the owner and he is in ...
Connie Brzowski
Moving house on lot-- multiple questions...
A neighbor offered to give us a 2 bedroom house ("You move it, you can have it :wink: ). It's structurally sound and we have experience with rehabs, so that part is fine. However, this whole moving-the-house business...
Alex Locklear
First house under contract
I now have my first "deal" under a 2 month option contract.
I have the home under contract at 212K; I'm marketing it to sell at 220K. Not really a wholesale but more like trying to find an end buyer willing to pay 22...