I am getting close to getting a contract on my second multifamily deal. I am having trouble estimating a accurate cap ex and we are about 20k apart on 330k counter offer. The deal involves 3 separate duplexes (6 total...
Hello BP community! I am a Canadian that got the real estate investing bug fever over the last couple of months. I would like to get a first deal moving foward in the coming fall witch gives me 6 months to get organis...
I’ve my second duplex under contract. When I went to look at the units I discovered one tenant had tin foil all over the windows and walls. I am a former social worker and have sympathy for this individual but this is...
I am in contract on my first property in CT, 2 family home built in 1915. We just completed the inspection and the only concerning item is "possible" Asbestos (a couple of feet of it in the basement). My concern is ...
I am looking at a house that's selling for 30k in the Atlanta area, comps are 150k. I have a hard money loan for 60k. I'm going to look at the house in the next couple days (the owner said he has to have it sold by ...
I have a triplex in Akron Ohio. This is my first winter and living in California I have some learning to do on snow removal and snow blowers. I have a tenant that just moved in that I am giving a break of $50 a month ...
Hello Everyone,I am trying to get into multi-family investing with a Duplex built in 1937. The house has a lot of potential to add square footage and create more value, and we got under contract. The Inspection report...
I purchased my first multifamily fourplex in June 2012. I paid 3.5% via a FHA loan @ 3.67%. The approximately $400/month in PMI is killing me so I've decided to try and refinance the property. I'm hoping for a favo...
In your experience for those who have at least done a couple CapEx Multi family investments, what has been your primary focal point when evaluating what to improve on a property to increase rents? Do you look at exter...
Im curious if anyone else had tried this:
At the beginning of a lease, say I would reserve $250 a month into a checking account to build up for Capex and or small repairs. I actually use 10% of the gross rents whate...