John S.
How to determine depreciation for new construction rental home?
Hi BPers, I need help to determine the improvement portion for depreciation on my new construction home. It was placed for rent on 6/19, and occupied 8/19. The Property Record Card is not accurate. It only shows t...
Account Closed
Just Starting Out? Here's a Tip for Working with Hard Money Lenders
It may sound strange, but keep your LTVs as low as reasonably possible. Doing so not only helps you get a hard money loan, it’s usually going to be a better buy or investment for you too. Many investors seek hard mone...
Jeff O'Neal
Broker Pro-Forma vs Income Statements
I’m currently under contract on a 16-unit apartment complex. The broker’s pro-forma showed NOI of $51K, however, when I dug into the income statements, actual NOI was only $36K. I called the broker, and she explained ...
Shane Welch
Granite Vs Laminate Countertops
Granite or Formica Laminate?This is a 180k 1975 Brick Style Duplex in Virginia.The maximum I plan to rent out (after renovations) is $950 each side.I would like to get Formica Laminate in granite style. Which would c...
JD Ruiz
Marketing campaign/yellow letters
Hi all, I'm just about to start my first yellow letter marketing campaign and I'm realizing just how expensive that can be. Does anyone have any good sources or tips for cutting down on the costs?
Romeo Sison
Have you split up the water meter on your 4-plex?
I'm looking to pass the water expenses on to my tenants. How much does it cost to separately meter the water on a 4-plex? Who should I call? a plumber? How much do you think this would cost? I appreciate the input! I ...
Michael Zagorsky
FL Insurance on multifamily....killing my deal
I am looking at two 4-plex's in Palm Bay which gross about $58k a year in rent. The owner is looking for $400k. The problem is that the current owner has them free and clear and does not carry any insurance on the s...
Daniel Bolinger
W/S/G Cost Allocation to Tenants
Under Contract for a duplex Should I always pick up the cost of the water, sewage, and garbage or is it common to hand off some of these costs to the tenant? Or just add it to the cost of the rent.
Emy Bernardo
Shared Utilities - best way to divide costs
Hi all - we have an ADU in our single family home and have been including the cost of utilities in the ADU rent. We recently started charging our tenants a $100 flat rate to help cover some of our soaring utility cost...
Trevor Dominique
Landlords: What would you do?
What's up Landlords out there. Making this post to get some feedback on what you guys would do to address a situation I am in regarding a single family home rental property I have. We purchased the property back in Oc...