Jonathan Tea
Favorite out-of-state turnkey investment areas?
Hello BP community,I've been looking for turnkey properties in the mid-west. I'm wondering what areas are your favorites?I've been looking at Memphis as my first investment property. What are your thoughts?Thanks!
Aaron Mazzrillo
Multifamily Due Diligence
What do you look for when buying a 5+ unit apartment bldg? What is on your due diligence checklist?
Dominika M
Renter psychology
Hi all,
Newbie question: since there seem to be many areas in the US where houses cost $20-100,000 and there are several government financing programs that let people put down very little as downpayment (less than 10...
Erela Plotkin
how much to provide for a good tenant
I am a brand new real estate investor. I purchased a duplex with a current very good tenant two months ago. I have put nearly $`13,000 in electrical rewiring of both units, painting, new ceiling fans, and a new hot w...
Bryan Koster
24 unit multifamily rehab - Construction loan / materials
I've just recently tied up a 24 unit building. The plan is purchase the property with a construction loan including rehab costs. Rehab 2 units a month and move existing tenants into newly remodeled units, rinse, was...
Linda Weygant
Short Sale Bank Negotiations. Who is high in this deal? Is it me?
I've been trying to get a bank short sale under contract. It's got an ARV around $220, rehab costs around $40. I put an offer in that was about 12% over asking (acceptable for this market), but still left room for p...
Michael H.
15 unit deal help
This would be my 1st multi unit deal.
I put a post on Craigslist to find an off market deal and was contacted by a guy with a 15 unit for sale. I did a small walk through and have a general idea of the condition of...
Peter J.
No HOA reserves ($0). Time to sell?
Purchased a 1 bedroom condo for $180,000 in late 2008. Current CMA value is $130,000. Reserves: Reserve fund was $16,000 in 2008, but NO reserves remaining. There have been no reserve studies.Financials: The condo c...
Peter Lee
Garage Door Repair Responsibility
Hi all - I am interested in hearing your opinion on a garage issue I've been dealing with the past few of weeks.My garage fell off the tracks and the middle hinge had ripped off during a routine open and close. Nothin...
Jessica Franco
DIY Formica countertops
Does anyone have tips on DIY installation of Formica countertops? I'm thinking of grabbing a slab or two from Lowes or HD to replace current 20-year-old green laminate countertops. I have the time, for now, so plan on...