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...
Michael Kohlhoff
Is there a rule of thumb on how much to net per unit?
I currently own a 4plex in central WA state and a SFR in Michigan. I am looking into some larger residential properties in the area. My question is: Is there a good rule of thumb you use when researching potential pro...
Mark Forest
Tenant repairs
Some landlords have said thy allow tenants to fix properties when the tenant does damage. My lease states that the tenant can do this if it is done “promptly.” If they do not do it promptly I can go in and charge th...
Bill E.
Raising rent every year
I have a general question about raising rent. If you have a property that is at " market rent" do you still raise or attempt to raise the rent when renewing a tenants lease?
Jeremy H.
Have you gotten your RE license? Expectations from your RE agent?
Quick background:I currently work full time in the oilfield and starting investing in RE about 2 years ago. I've done several LTRs that have all required rehabs and purchased a new primary home that was a foreclosure....
Jonathan Scott
Contaminated Properties
Hello All,I am currently searching for contaminated properties, also known as brownfield properties (i.e. former gas-stations, landfills, dry cleaners, industrial), for my father's cleanup business. Ideally we are loo...
Sumitro Samaddar
Zillow rent estimates on some properties look too high to be true
I am looking at Zillow to find properties to rent. In the "Manufactured" category, I see properties in Florida with very low prices and high monthly rent. That is too good to be true. Here are 3 examples:1) https://ww...
Frank Calderaro
Getting a trashed unit cleaned and prepped for new guests
Hello BP Community, I bought my first multi-family property for STR's two weeks ago and already had to evict a guest from one of my units. The place is trashed. They had two pit bulls, possibly doing drugs, and domest...
James Sanson
How do you start something like a REIT
We have investors who would not qualify for a REIT, but they have money to go into an LLC that I own and to do buy and holds with me. I will maintain XYZ% of the LLC and sell off portions of it to them. From a forming...
Jerry Ruday
Location of first property just turned into historical district
hello friends, I have only posted on BP a few times, i do alot more reading than i do posting. My topic is in regards to my first investment property i purchased march 2011 is a two unit, up and down, I have gone in a...