Jim Murphy
Should I form an L.L.C first?
I just talked to a friend of mine who said I should form an LLC first and make offers and bids etc thru the LLC and If I were applying for Hard Money I should do so thru the LLC but usually I would have to give a per...
Lisa Ryan
My First Property!
I almost bought my first property a year and a half ago, but during the inspection things fell through. But now I think I have it. The numbers aren't too great, but here they are:Rent: $1,300Mortgage: $850 (approx 200...
Stephen Kunen
Will plumbing and electric rewiring increase value
We recently purchased a 6 unit building and are in the process of rehabbing it. Because it’s a very old building (more than 100 years), turned out there is more work needed than our initial scope. Most notably, it loo...
Philip Hy
Buy in "C" neighborhoods; pass to a PM?
Regarding the investors with +100 units, are they basically doing it buy buying cheaper properties (<$100k) in "c" and "d" properties and then handing off to a property manager?
I've been buying in solid middle c...
Fred Stevenson
to file a claim or not file a claim
I have a property in which the tenant had a "cooking accident" that sent flames up to the ceiling, and burnt a whole into the bedroom above. The work order from my property manager is for $6120.00, and my deductible ...
Erik E.
Starting off with a multi
Hey everyone. I am looking to start investing with a multi unit property, most likely a 4-plex. I always see on duplex listings, "Live in one side, have a renter pay your mortgage" or something catchy to that effect. ...
Adriana L.
Sheriff Sales
Hi everyone,I plan to attend a sheriff sale, in the coming weeks in some of the NJ counties. I have heard many stories such it rigged, or it's high risk if you have not done proper research before hand. I want to see ...
Ben Thorsen
Self manage, or hire 3rd party
I own and manage 10 properties currently. They are all single family residences- 6 houses, and 4 condos. It is generally ok, and on average my tenants stay 2-3 years. 5 of the properties are within 10 minutes of wh...
Ronnie Mossotti
Nightmare demanding tenants- advice
Any advice would help:I have a property that had a sump pump break and water come into the finished basement of a SFH. The tenants emailed and called a couple days after the rain storm. I dispatched my handyman to ass...
Eric S.
First rental with a lot of equity - WTD?
First off, thanks for any replies in advance, as this is my first BP post!So I still have my first primary home that I was fortunate to have bought in 2013 (bottom of the Fairfield County CT market by rough estimates)...