Dan Madden
Covenant Deed from Fannie Mae?
I just received the title work for a cottage I'm purchasing owned by Fannie Mae. The cottage is located in Northern Michigan. The Schedule B-1 requirements include this clause:7. Covenant Deed from recited owner to...
Gulliver R.
Park owned homes and billing water bills
Hello BP,
So I have a park with 36 lots. 23 are park owned homes. 11 are tenant owned. 2 vacant lots. I’m going to be installing water sub meters so I can bill back the water to the tenants. Most likely soon.
Do yo...
Jay Borowsky
student housing pickup
Hi,
I've got a potential deal for student housing with a 6BR house in Binghamton, NY for $92k. Each BR will bring in $350-400 once repairs and renovations are completed. The cost of them will be $10-15k. ...
Tim Puffer
Owner Occupied duplex - Deal breakdown
Ok guys. I'm looking at this duplex that is a homepath property to owner occupy for the first year. Each unit is a 2/1, approx. 1,000 sq ft, has separate full basements and 1 car garage, built in 1976. Each unit needs...
Ben Staples
High efficiency boiler in a triplex?
I have a three unit buy and hold property in Malden Massachusetts that has a separate gas fuel forced hot water boiler for each unit. The boiler in unit 2 needs to be replaced. The state of Massachusetts offers 7 year...
Kameeka Shirle
Room by Room in Florida
Hi BP Florida! Does anyone have experience doing room by room rentals in Florida? Specifically, I am interested in room by room student rentals around universities. If you do, in which area do you invest? What are the...
Patricia Taveras
Should I let father pay rent up front for daughter to lease?
Hello. I am trying to rent out a singlewide. A father wants to pay the rent for his daughter - 7 months up front. I am willing to sign a 7 month lease because then the lease will be up in summer when it is typicall...
Ellie Perlman
Value Add vs Turn Key: Which One is Better?
Generally speaking, there are two main strategies when buying multifamily properties: Turn Key and Value Add. These strategies are very different and both have pros and cons.
In a turn key investment, the buyer does ...
Kevin Shuler
Single Family used as Duplex
HI There,I know it's been covered a few times, but I wanted to start a new thread as it's kinda unique.I'm shopping a property in Aurora, CO zoned R1. The entire area is zoned R1. It was converted some time ago to sep...
Ross Marshall
Can you require a drug test pre lease agreement?
Hello everyone, fIrst time Investor question. I’m in central Texas, have a free sIngle wide, an owner financeable lot for 15,000 total, and am closing the deal soon. Once I get the utilities hooked up, ready to go and...