Earlier this year, I purchased 5 duplexes in Milwaukee metro in a package deal. The buildings were inexpensive $96K for the package and all together they needed less than $20,000 in repairs. I took a $100K HELOC to ...
Oregon is considering a bill with state wide rent control. As landlords, this is obvious an issue incredibly important to our industry.Rent control creates ghettos. Rent control drives up the cost of housing. Rent co...
I hear stories that people have bought houses for 10 cents on the dollar at sheriff's sale/auction. How is that possible? Why would a 50% equity homeowner default when he/she could put their property on the MLS at 7...
Why do our renovation expenses seem to be so much more expensive than investors I hear on BP podcasts or at conferences, etc.? I hear investors repeatedly quoting renovation expenses of value-add apartment renovation...
We found a 2 family property asking 115K. We will offer 85K and keep out fingers crossed he accepts. We have spoken to a contractor, for rehab. His estimate is 70K, that includes turning it into a 3 family and add...
Hi All -- I lived in my single family home (which I have an FHA loan) for two years before I started renting it out to tenants. I've now owned the home for three years, and have had almost a year of rental income. I l...
I posted the other day about creating a more defined criteria for my flipping purchases. I'm moving my business to a more metro area early next year and am trying to define my criteria better. Where I am now is rura...
Here's the scenario. After agreeing on sale price and having their inspection, the buyers and I agreed in a repair amendment that I would make certain repairs to my property which ended up costing me approx $4,500....
Hi everyone,
I had my first eviction case experience and it was quickly dismissed in favor of the tenant. My property manager did everything by the book. The tenant was on a month-to-month lease and we gave her more...
I have a remodeled, multifamily building in an smaller, old railroad town which has been down on its luck for a while, but seems to be slowly improving. As such, the core neighborhoods are pretty scrappy looking and m...