When I talk to new investors they most frequently are either stuck in the I want to buy cash flow properties or the mind set of I have no money and thus must wholesale or worse yet can’t get started. I frequently s...
36 Unit complex built in 1975, 500 mo. avg. rent,tenant paid utilities, 97% occ., long term tenants 4-6 yrs, my home area so I could hands on manage. He is asking 875k and I am thinking 750-800k. He works offshore and...
I have a situation where I am under contract for my first property. It is a 4 family, that I plan on owner occupying. 3 units are already occupied, with 2 tenants that seem responsible and cooperative and one that is...
I own an about 3,000 s.f. house in a gated SFH community in coastal Southern California, and am considering building an ADU of about 900 s.f. Since I am doing it the first time, I'd appreciate some advice on the follo...
Hi all,Been doing some research about the multifamily closing process and was wondering the following: Do your escrows for Insurance and Taxes come out of pocket? Or can they be included in the loan amount? How about ...
Hello, new poster here. I seem to be getting mixed answered regarding this topic.If I pay for my privacy fence and it is 1 foot inside my property from a chain link fence that divides our neighbors backyards, can I ha...
Recently purchased a fully-rented four unit apartment building. Each unit has a storage room in the basement for tenant use. Last week I discovered one storage room being used as a bedroom by a friend of the tenant. I...
I have been listening to the bp podcasts and really want to get into real estate investing in NY. But I know I can't do it by myself successfully. So if there is anyone out their that wants a humble person to join the...
Purchasing a multi-family (2 units) with a third unit that needs work. It doesn't have a separate meter for electrical/gas and is not a legal unit. Anyone know how to go about making it legal/getting meters installed?...
Hi BP community! I was wondering if somebody could please explain cap rates for me? I’ve watched videos and read articles but I can’t seem to understandHow do you calculate them? When do they matter?Thank you!