James Maher
High Power Bill
My tenant let me know last month that their power bill was about double what it had been. Since it was really cold, I wasn't concerned too much about it, but still had an HVAC tech go check it out. I wanted to make ...
Melanie Raine
Minnesota sheriff sale, foreclosure, bankruptcy guidance
I'm so glad for BiggerPockets and the help we can get here. I'm in need of some guidance. My girlfriend and her husband got a divorce. The court ordered him to sell the property. Instead, he let it go into foreclosure...
Marcus Ethen
When to make my first small multifamily deal
Hey everyone my name is Marcus, I am a recent college graduate and I am looking to start investing in small multifamily housing units in Omaha, NE. I am currently trying to decide if I should try to pay off my student...
Alan Jones
Lower payment vs greater cash flow? Advice
Looking at finance options on a MF home and struggling with either getting it paid off in 10 years at 3.375% or stretching the loan for 30 at a rate of 4.125%. The difference in the monthly payment is $347 dollars. In...
Steven Barnhill
Duplex and the 2% rule
I have found a duplex that seems to fit the 2% (rent * 50) rule but the actual profit doesn't seem worth the effort.
Asking Price $35K
Total Rent: $750/month
Expenses per year
Taxes: $923
Insurance: $1200 (estimated...
Omayra Carroll
Brokers or Direct Mail?
Which do you think is better to find multifamily deals, brokers or direct mail? The reason why I ask is most people tell me to deal with brokers, but brokers don't seem to have deals all the time so I feel as if I was...
Ryan Mikhael
Problem with a contractor
We‘re having a problem with our contractor. A crane fell on our house in February 2018. It punctured a Large hole in the roof and rain that came in the following days caused lots of water damage. We had to move out of...
Ed O.
Potential consequences of a nearly 0 day gut rehab?
Innovative? Strategy
I'm following another investor who's completed somewhere in the range of 50-100 rehabs in a major metro market.
He will do major rehab work while the homes are under contract, BUT before he clos...
Peter Aziz
Problem with the 50% Rule
Hello, BP! I hope everybody's doing well around here. In thinking through the 50% Rule, and modeling it out in my spreadsheets, I am finding myself very uncomfortable using it. Here is the hurdle that I'm mentally up ...
Spencer McNeil
New to investing College town questions.
Ok I'm brand new to the scene of real estate and I live in a college town. A lot of the homes close to the university are old and outdated but the area is low crime and very accessible. Does anyone know if it would be...