John Hauser
Terminating a Lease in Chicago
Hey everyone. We are ready to tell one of not-so-great tenants that we are ending the rental agreement with him (we are at the end of the 1-year lease period). I'm wondering if more experienced folks like @Bria...
Sharad M.
Buying at the right price is critical
Hello BP Nation,I bought a package deal last month and there was no agent involved in the deal as the properties were purchased directly from the bank. Of all the properties, one is a townhouse with HOA. I didn't look...
Connor Brokenshire
Tenant wants rent reduction due to increased toilet flushing
Long story short, we had a sewage backup in the basement at one of my properties. The plumber came out and fixed it and recommended that the tenant flushes twice on their solids due to the pipes being older. Tenant is...
Noah Yonker
Tips for Screening Applicants and Filling an Apartment
Hi all,
I'm getting ready to rent out a unit of my duplex to new tenants for the first time (the unit was occupied for 2.5 years when I bought it). What tips do you have?I'm planning on using the application and scr...
Grayson Spittel
First Multifamily BRRRR Complete During COVID
Investment Info:
Small multi-family (2-4 units) buy & hold investment in Fayetteville.
Purchase price: $100,000
Cash invested: $35,000
This property is a quadplex in Fayetteville, NC that we clos...
Christopher Dunson
Real Estate Team Entity Formation
What is the best entity type/ structure for a real estate team. I am not sure the different benefits of an LLC C corp and S corp. I have heard most people do LLC, but most people are not growing a med sized business. ...
Jake K.
Seeking advice on analysis regarding property taxes
I'm currently looking at a triplex that is listed at $350k and will probably sell for around there based on comps. It's assessed for just $55k, meaning property taxes are very low of course. This is common amongst man...
Adam Gordon
House Hacking- No Vacancies
Hello Everyone, First time poster here. Could not find a previous post about this issue but apologize if its already been addressed. Looking to buy first multi family property with FHA loan and live in one of the unit...
Jack Rozema
Past and Future Short Term Rental Income
Two questions:
1. An agent recently sent me a P&L statement (it looked home-made on a word doc) from the seller, in addition to a "proof of income" from AirBnb/VRBO. The proof of income sheet from AirBnB looks le...
Jacob Lapp
To get a partner or to not get a partner. That is my question
What’s up everybody! The title says it all.I am currently on my second househack living for free and cashflowing $1700 a month.Based on my current plan and strategy I’ve had in place househacking more expensive multi-...