We recently unexpectedly sold a property to Open Door and wanted to share the experience. We got a call from a seller that needed to sell her house very quickly. She wouldn't tell us exactly why but she was willing to...
I have a Section 8 renter and my current mgmt company emailed me that the Dept of Housing is asking if I plan to increase the rent. I wanted to find out how well the tenants are taking care of the place before I d...
Hey everyone ! So I'm a 20 year old newbie.
I've been working a full time job for about 6 months now. I've been thinking that my first step into real estate will be through the FHA loan by acquiring a MFH. I also ju...
When evaluating multifamily properties, a grading system is used to classify different assets. Just like a report card, multifamily assets get a letter grade, ranging from an A to a D.
Class A Multifamily Assets 💵
L...
Hello BP community :)Ran into a little issue tonight - found that when I "fixed" my fridge's drain pan to stop my freezer from forming huge ice sheets at the bottom of the fridge, I caused some kind of leak. 24 hours ...
I am rehabbing a house with pet urine stains throughout the upstairs subfloor. I was hoping that all I need to do is cover the plywood with Kiltz and call it a day. Before i do that though I wanted advice on whether...
I’m looking at buying a LTR. When determining the net income, I simply multiply gross rents by an expense ratio to determine the net income. My question is, what do experienced LTR investors use for the expense rati...
I heard a podcast recently wherein the guest said he finished his rentals so that, basically, his houses were the best on the street and fetched the highest tier rent in their market. The purpose, in short, was to at...
Hello everyone. My name is Chris and I am contractor/business owner of a painting and remodeling company in the Metro Detroit area. Been in business for myself a few years now and have been working in the constructi...
I have a deal at 48% of market value in Newnan, Ga. I'm asking for $36,000 and its worth $75,000 the numbers speak for themselves, yet I don't have a buyer interested in the property. Someone please help why hasn't it...