Jennifer Lee
Lesson Learnt from Each of your Properties?
Hi BPI would like to start a thread that chronologically outline our growth as real estate investors.please think back to your portfolio and pick out the ones you learn big lessons on.please list in chronological ord...
Mary Jay
What is your tolerance for bad or below average areas?
Do you guys only buy in good areas?Does anybody buy in bad areas or below average areas?For instance, property is close to "druggies " area....An appraiser came to a unit and there is a passed out tenant on the couch....
Carven Boursiquot
Own house with sister, how do we turn this into a profit rental?
My sister and I inherited a blessing at a high cost.Our parents both passed away and we inherited their two family home in Somerville, MA.My sister and I currently live together in the 2nd unit which has 4 rooms 2 ful...
Andrew Whicker
Buy and Hold / Duplex / Purchase under FHA, move out in a year
Hi,Hoping to solidify this deal:Overall:Duplex2000 sq ft total3 bed / 1 bath eachContract Price: $110,000Monthly Costs:Mortgage Type: FHAPITI: $810 (4.25%)Repairs: 0.15*$1350 = $202.50Trash / Water: $155Income:Rent: ...
Tom Hertz
Rental Property Purchased with IRA
I would like to purchase a property with funds from my IRA to use as a rental property. I know there are rules regarding who I can and cannot rent to (like family members). I would like to do a lot of the managemen...
Tashina Taylor
Want to move to Denver area - connections for making the most?
Hello,I am entertaining the idea of moving to the Denver area or even Colorado Springs, as we would be able to add $60k+ extra to our household income. Of course that comes with a higher price tag than where I live no...
Damon Raynor
Filtering tenant requests: what’s necessary/what’s not
Hi! I’m new to being a landlord. I purchased a duplex with an existing tenant. That tenant is requesting a number of things that I am trying to determine if they are my duty as landlord to address immediately or if th...
Anton Gerondine
Remodeling and Developing Triplex into 4 or 5-plex
Hi folks, first timer here! My wife and I have entered the market this year with our first purchase. We're located in Berkeley, CA, and own a parcel that has a 1000sqft house (2bed/1bath) in the front and a 2x800sqft ...
Alex Deters
Cap Rates for Multifamily
So I've been looking on Crexi at Multifamily buildings and most have a 4%, 5%, 6% cap rate on average. Isn't that low? How does one justify putting 300k down to only make 2k-4k a month? Is that a normal return?
Josh Dillingham
Providing comps to appraiser, good or bad idea?
What is your opinion on providing a list of comps to the appraiser when you meet them at the property? I want to do everything I can to help the appraiser and get a fair valuation,but I also don't want to offend them ...