Brandon Yuan
Legal budget for small apartment acquisition
How much is a reasonable budget for legal cost for small apartment acquisition (20 to 30 units)? Activities may include review/revise contract (any special language addendum outside of standard TAR contract), review t...
Carmen Chu
Can I depreciate these as CapEx for my rental?
For rental properties I know you can depreciate things like a new roof, new washing machines etc...although different things have different schedules of depreciation. I have one item that I don't know if it's an it...
Ryan M.
Help Analyze 85% Remodeled Almost Vacant 8 unit and Build 8 More
Hey all,Long post. Questions at the bottom. Thanks in advance.I'm still new to investing, as I only have 1 SFH so far. I was brought a pre-market deal of an 8 unit property (two 4 unit buildings) with the plan of addi...
Kenneth LaVoie
Plans and exit strategies
Hi --
I wanted to share my basic outline of my business plan here, and get some critique, if possible. I'm a little stuck on an "exit" strategy in that, in the interest of lowering taxes, I may NEVER exit, and instead...
Kay M.
Tenant and unclear 30 day notice, do I send a 30 day vacate back?
In the beginning of June, I sent a letter to my tenant asking if they would renew their lease end of July. In short, I wanted to get a head start and an idea 60 days before the end of their lease to see if I would ha...
Jameson Sullivan
Bank denies loan on Cash out Refi. Now what?
So, long story short, I bought my first house to live in for about 130k, put about 70 into it, including 20k for the foundation and it was just appraised at 245k and I was going to get 57k back out in cash. So not pe...
Gerardo Dominguez
Help analyzing a potential flip (Chicagoland Area)
Hello fellow BP'ers :) I need some help analyzing a potential flip. It is currently a 2/1 but if I go through with it, I would make it a 3/2 by finishing the basement. It's in Villa Park, IL (Dupage County).I'm not...
Matthew Ladner
What's should the numbers look like?
I am in the market for multifamily properties, but my agent sent a commercial property and the numbers seem pretty decent in my eyes. The asking price is 1 million for around 9,780 sq ft. It has 9 units that are all o...
Rowland Smith
First House Under Contract....Flip or Rent?
Got my first house under contract. One thing I'm doing in my due diligence is deciding how much to invest in rehab. Seems like a potential good rental to keep.Purchase: 140k (3BR/2BA, 1550 sq ft w/2 car garage, Founta...
Jay Garrison
determining utility usage for a tenant
Hello,I have a tenant who still hasn't put the electricity in her name, and waited two weeks after she moved in to put the gas in her name. It was a rookie mistake that I allowed her to move in while the utilities wer...