KENDRA J.
To cover hardwood floors or not in rental house
We are in the process of doing a turnover at one of our rental houses. Carpet is very worn and stained and will be coming out. We pulled back the carpet and the original wood floors (house was built in 62) underneath ...
Paige Kelsey
Commercial/ More than Just a CAP Rate!
Helllooow CAP rate chasers! I am writing today as I have too have made this mistake! I bought a " great deal, " but did I? The fact is that I had failed to really look at the market trends for the city. When people t...
William Coet
Can Multifamily Construction Costs Be Reduced Below $100/sq.ft?
As the title states, are there ways to reduce construction costs below $100/sq.ft for small scale multifamily (10 units or less) while still building a quality product? Quality meaning strong, dry and durable but wit...
Kenneth Garrett
Fee/penalty for terminating a lease
Hi BP Community.I want to add a clause in my lease for allowing an early termination of the lease. I just acquired a property and one of the tenants moved out early. Should have been disclosed to us but that is a d...
Kelli Powell
Question about renewing a lease
I have wonderful long-term tenants whose lease ends June 30th. I purposely made it this way so that it doesn't renew in the winter. The tenants informed me that they are looking for a home to purchase and would like t...
Bruce L.
Recapture Tax Help
Hi guys,
Had a few questions regarding recapture tax and was hoping someone could help.
1) Recapture tax is a federal rule/law and not at the state level correct?
2) Will you owe recapture tax whe...
Jake Recz
Tenant made basement and yard into storage?
Funny story here. So I got those tenants. Small family squeezed into a one bedroom apartment. they pay on time, always. after I moved out of the first apartment I allowed them access to the driveway and the washer in ...
Saran Mandhadapu
Advice on financing 4 unit multi-family
Hello,I am a new investor and I am looking to purchase a 4 unit multi-family in PA. I have two options to purchase this property, please let me know which option you would choose and why?1) Purchase the property with ...
Gary Waldron
Multifamily units and 203k loans???
Hello BP community,I just watched Brandon's multifamily seminar last night and I had a question. He cited that the 203k loan program was available for multifamily units, however my broker (located in WA State) shot th...
Kriston Johnson
What would you do next?
Hello BPers
Curious to hear what would be your next steps on this type of property. HELOC or Cash out refi.
I just completed the rehab to the top unit of my Duplex and placed a great tenant. Purchased the duplex in...