I'm in the process of purchasing a 8 plex. Current rent is $500 with all utilities payed by landlord. All the tenants are long term, some up to 17 years. Current market rent in our small town is $600 with utilities ...
In recent years, the multifamily real estate sector has experienced unexpected turbulence, catching many investors off guard. Factors such as rising interest rates and an influx of new apartment units have contributed...
One of the best ways I have learned to find potential deals has been to drive for dollars. Some advantages include:
1. Local Insight: Driving around neighborhoods allows you to gain firsthand knowledge of the area...
Hello BP community,
I have a 3 unit property. The first floor has not been renovated, has a month to month tenant who has been there for years. It is rented for 1350. The second floor is renovated and rents with a ...
Hello everyone - I’m closing on my first 3-family property in May and I’m seeking some advice. 2 of the 3 units will be occupied upon closing. Both units are occupied by tenants-at-will. They are both paying well belo...
We own several all electric houses in Lorain County in Ohio. These homes (entire neighborhoods) were built in the late 1970s with 200 Amp service, heated only with electric baseboards. These homes do not have baseme...
Those with an eye on recent history can't be blamed for thinking current market conditions are nearing their endgame, with rapid price appreciation and fierce competition for homes eerily reminiscent of the late stage...
I am under contract on a townhouse that should rent for $1200 - $1300 a month. The kitchen is in fair condition (50 yr old, lower end cabinets, laminate counter tops and low end older appliances). I got a detailed est...
I am determining what to do with a townhome I own in Inglewood, CA, and would love some input on my situation.The property has been a rental for me since January 2011 and I've had the same tenant the entire time. She'...
My property is up for rent near LSU and I’ve only ever rented to graduate students. I have an international applicant this time around that has great references and her PhD letter from the school, but she has a collec...