The more units I acquire the more hard copies of records I have. Bills for utilities, water, insurance, repairs, leases, supplies, etc. What can be stored electronically vs. what hard copies need to be kept? If sto...
Hello,I have read everything I can about this loan and have a question about pmi. I am working with a great mortgage person but in my process of buying a hud home that there was after damage and it has been a month of...
Just curious, what do you use to do your walk through inspections: paper and clipboard or electronic device such as your phone or tablet?
If you use a device, do you use some sort of form/pdf or
an app/software?
I...
Hi, I have a condo in Evanston (Chicago sub), I am on the board. One of the owners got at leak in their condo, he forgot to turn off the tap. Now the owner below him filed claim to his and her insurance. She also subm...
Hi - In case I need to put an offer on a home that needs fix up, can any one of you please guide me on what are the major ticket items that I should be looking for and the approx cost to fix it? For example; Roof ($10...
I'm a newbie with a couple of rentals. My question is how to determine weather a house has a good cash flow. I've been told to try to reach a minimum 10% cap rate. I'm using net operating income total (NOI) / purchase...
Good Afternoon BP,
I'm not a complete newbie but I am with owning multiple properties at the same time. I'm having major issues with Allstate. We have multiple SFH's, a duplex, and 2 more SFH under contract. E...
I just started my own personal 90-day challenge on June 1st. My goal is to find a multi-family to buy and hold in my area. I am currently looking at a few different properties and trying to make sure I have most of ...
Hi everyone! First time posting, started reading some of the BP books a few months ago and have started listening to the podcasts daily. I'm ready to purchase my first investment property but I don't know what I don...
I have a property with ARV=80,000$. I will pay 23,000$. The only problem is i do not have accces to the inside of the property, to estimate repair cost. Should i go ahead with this deal or walk away from this deal ple...