Nicholas Bailey
Opinions on Coach Houses?
In Chicago it's common for multi-family buildings to have a coach house behind the main building, which 120 years ago was legitimately for storing your horses and carriage, but now has been converted to an additional ...
Kyle Kovats
Hiring a Full-Time Underwriter
Has anyone here hired a full-time underwriter for their team? I don’t mean a VA from the Philippines to plug some numbers but rather a truly experienced skilled underwriter who understands how to A) underwrite multi-f...
Craig Brown
Duplex requirements questions
Hi all,
I am considering purchasing a church and using it for rentals. The property is zoned for single or duplex residences, so, in order to allow for more renters, I am planning to use it as a duplex. It obviousl...
Nick Brubaker
Lender requiring insurance be switched to my name instead of LLC
Hello all,
I have a rental property bought with cash (no original financing) and owned under an LLC. I later refinanced it. My insurance policy has recently been discontinued and replaced with a similar policy (reall...
Page Huyette
Dividing NNN for a subleased space
I'm running numbers for a master lease of a mixed use building: two commercial spaces and one apartment upstairs (Units A, B & C is the apartment).Units A & C are leased. Unit B is vacant and I'd like to sub...
Eric Chiang
Joint Venture Agreement Questions
Hi BP Community, Rookie here. I'm looking into Joint Venture Agreement templates to create for my next househack (small multi-family property in San Diego, CA). Will be looking for a partner to fund the downpayment, w...
Daniel Andrews
Who is responsible to pay Sewer and Water in a duplex/quadplex?
I am looking to purchase a quad in Georgia. I was reviewing the P&L report and found $1400/yr for water/sewer charges. Is this common among multi unit properties. I currently owner rental homes and now looking to...
Todd M.
automatic door locks
Hello,
I have a 4 plex with a common door with access to utility room. Tenants are suppose to keep this door locked (deadbolt and regular handle lock) at all times. Well, they don't and I had a "break in".
Thiev...
Peter Fokas
found UST what should I do?
Looking to purchase a building and during due diligence it was discovered a UST exists. Seller had UST "abandoned" back in 2007 and they provided document showing this. I asked seller that I still wanted UST to be re...
Arron Achey
Shared Laundry Service Common Area Headache
Hello all, I have been stuck now for awhile trying to figure out the best course of action for an already present shared laundry common room in my new duplex. Its a up/down duplex. Washer/dryer in the downstairs unit...