Robert C.
Interest Rates Just Don't Matter in Multi-Family
I thought I'd start a discussion about rising interest rates, because quite honestly I'm not hearing that much about it, and I'm wondering why. From what I'm observing, it's like the elephant that's NOT in the room, e...
Michael Pike
Passing utility & landscaping costs to tenants
Hello Everybody!I'm a new investor and one of the properties that I am looking at is a tri-plex. The current owner pays for the water and lawn care. My question is: can those costs be passed on to the tenants and if s...
Edward Zachary Samperio
Using a credit card for closing costs
I am looking to purchase a multi family property using my VA loan. My only issue is having the cash on hand for closing costs. I have plenty in my Roth IRA account, but I don’t think pulling out that money would be sm...
Rashmi Nigam
Question on refinancing
Bought a primary residence with 10% down. Property has appreciated in 6 months so I can refi myself out of PMI. However, interest rate is going up by .125% and i have to pay closing costs of 2500. Is that normal? Tot...
Elizabeth Turner
Pet Fee for Damaged Property
I charged a $300 non-refundable pet fee for a property. When the renter moved out, I found that the carpets were ruined due to urine stains. Despite their attempts to clean the carpet, there was still a distinct urine...
Shayne Hastings
NEED ADVICE: Boiler Replacement - Alternate Solutions
Hey all!My business partner and I have a 5-unit property and we have run into some issues with the boiler the last year or so. We are getting absolutely killed on the utilities each month because we pay for water and ...
Karim Kazemi Bidokhti
Conversion of the heating system from oil to gas
Hello everyone, I am trying to figure out the cost of converting the heating system from oil to gas. There oil tanks are above ground. The houses that I am interested are in New Jersey (Montclair and Glen Ridge Area)....
Jourdyn Bell
[Calc Review] Help me analyze this deal
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Is this worth it? It’s in a good area good schools. Comps in the area for newly renovated 3bed 3 bath sold for...
Kurt Traynor
10years remaining on rental, should I refi to a 30 and cash flow?
I did the HARP loan back during the crash and turned my 30 year note to a 15 with plans on living in the house until paid. Situation changed and purchased a new home and decided to rent out my home in question. Dil...
Justin Ruholl
First Investment Property
Hello, I just finished highschool and am going straight into real estate instead of college. I am about to close on my first single family 3 bed 1 bath. Could I get some input on this deal?(Income)Rent-1200(Expenses...