Gary Thao
FHA and Cashflow
I am looking at purchasing a fourplex with an FHA loan as my first investment. Fourplexes in my area run for $350k+. I am doing my anlysis right now on several and don't see how purchasing a fourplex can cashflow (oth...
Glenn Espinosa
First Energy Efficient Rehab Reveal - Before/During/After
We just finished up one of our rehabs and as some of you may know, our company just recently adopted the green/energy efficient strategy. We've been rehabbing homes since 2011 but jumped onto the green scene when we r...
Donald MacMillan
First Deal! Now how do I raise the rents?
Hey there Bigger Pockets community. I am in the final stages of closing on my first deal. It is two duplexes on one lot. The lot can be subdivided, which is my plan to add value to the properties as they could then be...
Lora H.
Tenant is demanding I test for asbestos - Denver, CO
Hi BP friends! I've got a tenant that is asking/demanding that I test for asbestos in my SFH rental. This home was built in 1951, I bought in 2012; no basement - it's on concrete slab. It was a fix and flip when I ...
David Kuhlke
What's a good cap rate for an 11 unit apartment in the Midwest?
Hello BP,I'm looking at a deal, and I need help determining what qualifies as a "good" cap rate for small apartments in the Midwest.Here are the details:11 unit apartmentAsking price: $1.4 millionMonthly rent total: $...
Ying B.
PM Not Comply with Owner Requests (Eviction/Part Payment)
Property in Georgia. Tenant was late in May (paid May 19). Tenant did not pay in June. Demand Letter (Pay or Quit) sent 6/13 asking full payment using certified funds. In Pay or Quit period, Tenant paid only $400 ...
Zachary Blomberg
Seeking Advice on Current Budget
Hello! I have been struggling to understand why I can't meet my budget goals each month with a more than reasonable budget of $5000. I live in Phoenix and am married with two little girls, ages 2 and 4 months. We do n...
Anna Buffkin
The Ugly Side of Investing: When everything goes wrong!
Long post warning!!
While there are plenty of success stories, everyone likes to hear about the struggles especially when its not them. Here is my tale
It begins pleasantly enough August 3rd. My husband's aunt had...
Mark S.
Crowdfunding 50-Unit Deal: Are These Fair Terms?
I have an opportunity to invest in a crowdfunding, 50-unit opportunity with the following terms:- 8% preferred return- 25% net rental income- 50% profit upon sale Property management fee is 7%. Markup on maintenance ...
Shawn H.
Rental property cash flow
I have owned 2 duplexes for 4 years. I thought I had done my research...read guru type books. I didn't come across sites like this until a couple years ago. Neither property meets the 2% rule. They have positive cash ...