Steve Foth
Not sure what to do with this house--dad owes 50k, needs work
I will try to be as detailed as possible, and am very open to suggestions. The house is owned by my father, but I currently live in it--basically to help him out of a bad situation. My parents were divorced, he ...
Sam Wilson
Any other laundromat owners/investors out there?
My wife (@Elizabeth Wilson) and I bought and remodeled a laundromat in Memphis last September. I was just wondering if there were other laundromat investors also on BP to connect with and share ideas on how to grow a...
Gershon Bani
Heating Oil to Electric or Propane
I am buying a 3 family property for rentals but the heating system is oil with only one boiler supplying the heat and hot water to each unit. Can someone please advise if there is a way to have each tenant be responsi...
Michael Doherty
Should I get home inspection on investment property?
Hi all, I recently had my offer accepted on a duplex for 140k. Apparently, there were higher offers but the seller liked my terms better. With that said, because they are letting the property go for a lower price, the...
Timothy J.
Flip #1 - 4/1 SFR in Blackwood, NJ
This flip is our first official one. We are going to close tomorrow. Here are the details.Address: XXXX Elmwood Ave, Blackwood, NJ 08012Description: 4 Bed, 1 Bath, 1382 Square Feet SFR. Purchase Price: $60KRepair Budg...
Scott Thompson
First property- budget/cushion for unexpected repairs?
Hi all,I'm looking at getting my first property, but a big concern for me is unexpected expenses in the short term. What would you recommend as a cash cushion for unexpected expenses/repairs in the first year or so of...
Brad Cogswell
How to not lose $40k doing a fix and flip
Thought I'd share a lesson that was reinforced for me today that ended up saving me from doing a bad deal and losing a bunch of money.tl/dr: make sure that you're getting your own estimate from YOUR general contractor...
Roshan T.
GC asking me to pull permits
Why would a licensed general contractor ask a home owner to pull their own permits?I'm curious why they are pushing this burden on the home owner, and if I pull my own permits what are my responsibilities and liabilit...
Max H.
Buy and Hold with Older Homes
I live in the Philadelphia area where the housing stock is pretty old. A lot of the homes are 100+ years old now. I'm 28 and thinking of buying a triplex that was built in 1910, I would ideally hold this property for ...
Deddy W.
Dealing with Code Enforcement Inspector for unpermitted work
Hello good folks of BP,I need your suggestion on how to deal with Code Enforcement Inspector in San Jose, CA for unpermitted work. Here goes the story:I purchased the property, in July 2017, it is a Single Family Home...