Montell Johnson
Help with estimating Closing Costs
I want to purchase an investment property on Long Island but I'm not sure of how much the closing costs are. Can someone tell me how to calculate them?
Cat R.
Serving 3-day notice after new property manager notification.
I recently sent a tenant a letter notifying a tenant that I will be handling the management of the property they are in and my father is no longer the one they pay rent to. However, that tenant hasn’t paid for Decembe...
Sebastian Naczas
FHA loan + 203 loan
Is it possible to buy a house with straight FHA loan, then do a little demo and things I can take are of ... and then apply for 203K so the contractors can finish up?Thanks!
Sam Lofton
Lead Based Paint Disclosure
Hi Everyone,
I just purchased my first rental and have tenants moving in on 9/1. I want to provide them with an EPA Approved Lead Based Paint pamphlet, as the house was built in the 1960s. Do you know if it is a...
Brad Ratushny
Industry Analysis - 5% growth
When reports state something like "The national apartment market’s annual effective rent growth rate of 5.1% in June 2015 represented a 47-month high, and continued a streak of 5.0%-plus rent growth..." the growth rat...
Trishann Couvillion
Mobile home park with 11 slots - rental property
Investment Info:
Mobile home buy & hold investment in South Carolina.Purchase price: $76,000
Cash invested: $76,000
A mobile home park with 11 mobile home slots. Part of a double lot I purchased that a...
Jenni Moore
Adverse environmental conditions
Hi everyone,
I am new to multi-family investing and have a due diligence question. Do you typically include a statement about knowledge of adverse conditions on the purchase agreement?
For example, the seller would ...
Account Closed
Do you reduct the repairs from the purchase price or from your pr
When you buy a property, and there are 5k worth of repairs and the purchase price will be 100k but the property is really worth 120k it means you have 20k in profit. BUT, if there are 5k worth of repairs does it come...
Mark Hinkley
First Residential Multi Unit
I'm in the process of purchasing a 4 unit apartment building in central Maine. The sale price is 215k and NOI of 24k annually. I will be purchasing with a conventional mortgage which requires 25 percent down. Looki...
William Robinson
Opinions sought on my first duplex deal
Greetings Bigger Pockets family. I am a first-time investor, looking to purchase a duplex. I used the Bigger Pockets analysis tool to analyze a potential deal and I wanted to get the community's opinion before I made ...