Drew Bledsoe
Seller failed to disclose
I recently bought a condo with the intention to rent out but after closing we found out that the HOA doesn’t allow rentals. Our realtor knew our intention to rent it out and said we’d be able to. Is there any action I...
Michael Colebank
First time partnership
Hi Everyone, I'm buying a mobile home park with a friend of mine. We both have multifamily experience. Neither of us are lazy,and we're very enthusiastic about the deal. Huge potential. I'm taking care of government o...
Ryan Randall
Looking to buy first primary - Help!!
I've built up a rental portfolio of 8 cash-flowing units in a very solid area, netting roughly $6k/month. I've done this by living in them, and renting out the other units. It's worked out wonderfully, and I've been a...
Gerald Jarreau
considering purchase of condo with existing tenants
Hello BP users! I am wondering what questions to ask when purchasing a property with tenants already housed. I have an appointment to view the property but wonder when I could see the existing lease and how/when to as...
Andy Tomaswick
Offer Timing and Rehab Estimates
Hi All,I'm attempting to understand how to do the rehab estimate for the upfront deal screening process.It seems like when you're pre-screening deals, you have to have some idea of how to estimate rehab costs even jus...
Frank Fiore Jr
Best Method of Increasing Rent
Long and short of it; I want to raise the rent 100$ a month; and plan on doing it over the next year; with $25 increments every 3 months.
Suggestions on other methods?
1. We have a verbal TAW agreement; currently;...
Dan M.
House Flipping + § 121 Exclusion of Gain on Personal Residence
Hello all!I'm a (somewhat) recent college graduate with a degree in management accounting. Contrary to my degree, I've started a professional career in tax accounting. My fiance and I are both sick of flushing ~$1,0...
Shiloh Lundahl
GETTING PAID upfront, GETTING PAID during, GETTING PAID later
Yesterday we just leased out our most recently finished property in Mesa, Arizona. Here is the story.We bought the property from a wholesaler off of a website for 93k with the hard money lender putting in 90k. A newer...
Mike Moran
Over leveraged?
I have an opportunity to purchase an 8-unit in a solid area of buffalo NY. I currently own 3 duplexes and want to make the jump to multi. Long story short, the bank loves this apartment, giving me a 10 year loan, 20 y...
Chris Herrera
4Plex Deal
Here's the info, let me know what you guys thinkPP 360k 5K closing credit FHARent: 950Mortgage: 1865Taxes 5440 Vacancy 2,280 (5%)Insurance 2400Maintenance 2,280 (5%)Utilities/PMI 3000 ( Ten...