David VanWinkle
Chicago Multi-Family Re-Zoning Question
Hello - I bought a 2 flat this past winter on the west side of Chicago. It is a 2 flat, with a basement unit (3rd unit) that is technically illegal. I believe it is illegal because it doesn't have separate utilities f...
Elsa Viramonted
Creative Ways to Finance
What are some ways you have financed real estate purchases?
Michael Kalisch
What cap rate do banks use in multi family appraisal?
Im analyzing a 6 family deal in NJ and trying to figure out the value after filling up the units and getting market rent. After all repairs and At market rent the cap rate will be at 8% So what is the the cap rate tha...
Jay S.
Toledo property : Water and Gas meters
Hi fellow members,I have a duplex in Toledo, Ohio which has 3 WATER meters and 3 GAS meters: one for each unit and 1 for OWNER. The main GAS meter is used for FURNACE and because it's on owner's name, my tenants will ...
Jorge Aguirre
Inspection found gas leak in the basement.
Hi everyone,I am in the process of buying my first rental property. Hooray! I have been trying to get one since April but the market is red hot and I had lost close bidding wars up until now.Our offer was accepted and...
Sharad M.
I don't understand this behavior
Not sure if you guys ever experience this. I have had some tenants who will come and say they like the apartment and they are going to run down to the Walgreens and withdraw cash and then I never hear back from them. ...
Alex T.
Tenant hooked a large freezer in shared garage. What to do?
Hi All, I've rented my 3 bed 2 bath condo in CA to 3 tenants. Two tenants share the tandem garage. Third tenant has no car. The master bed tenant with the car started using the garage as a storage place and also place...
Israel Irizarry
Questions to ask while closing on a house
Hello Bigger Pockets Family, I am happy to say that as of tomorrow, Wednesday the 21st of December, I will officially be a home owner! So now I come here to this knowledgeable forum and ask you all:What are some quest...
Amanda Copeland
1st Time Homeowner in MA - 01606
I purchased my house utilizing an FHA loan, making a down payment of 3.5% and covering closing costs. I am approaching the one-year mark with my mortgage and have undertaken substantial renovations on the second-floor...
Ambica Sharma
Special warranty deed
I’m interested in a property on auction.com. The seller(bank) is offering special warranty deed. Does anyone have experience buying from auction.com with this kind of deed? I want to make sure that I’m not buying anyt...