Hello! Looking for some input from landlords with rentals in the Twin Cities area. We are closing on a duplex in St Paul on May 26, 2021. The 1st floor tenant has a lease that goes through July 31, 2021. There is a te...
Hey everyone,I was introduced to a friend of a friend who is selling a small multi-family unit. She is listing it on the MLS and therefore has an agent, but sent me the deal directly in case I want to purchase it.I su...
Hoping I can get different perspectives from the BP community. Just closed on a C5 zoned property in Colorado Springs on a major street less than a mile from downtown (currently going through growth explosion) and 1 m...
Bigger pockets community,
Hope that you guys are off to a phenomenal start to your weeks. I have been in a pickle over the last few months on how I want to approach my next rental project. A little rundown on my curr...
We're a couple of days from closing. According to the title company the title commitment effective date can't be updated. They stick with the last date the country clerk database was updated. In our case, the last dat...
Hi BP friends. I’m going to be closing on a property that requires the entire home to be upgraded from knob and tube.
Here’s the numbers
Purchase Price $44K
Knob and Tube upgrade $13K
Insurance premium $2246/yea...
Hello BP Family, I’d like some feedback on trust companies that people have used to create Self Directed IRA’s. After talking to 3 companies I feel that this is a great resource to build a real estate portfolio , I do...
There are a lot of things to think about as a landlord or property manager during what arguably is one of the most challenging times we've seen, or will ever see, in Massachusetts. The outbreak of the novel coronaviru...
Both federal and state politicians continue to stick their fingers in our business with various regulations. Rent control is becoming more common. Limited rent increases. You're limited to how much you can charge for ...
Hello bp fam, Last week I closed on a 12 unit building 100% occupied with under market rents. Market is 1100-1200 currently all units are rented at 750. I sent a letter Stating rents will be increasing to 1000.00 sta...