Bryan Tomko
Advice needed . Tenant keeps paying late
Hi everyone. I recently purchase a 2 unit property in Phillipsburg, NJ . I own a sfh rental in Pa. This is our first Multifamily. Shortly before closing i sent out a letter to tenants informing them of my purchase and...
Shaunte' Spangler-Drayton
Potential House Hack
I'm looking for my first house hack and I live in a smaller town where prices aren't sky high. I have been to this property before and, to be blunt, it was in horrible condition. I also know that this is not the best ...
Mauricio A.
Legality of Adding Heat to Attic to Turn Into Livable Room
Hello,
So I have a 3 bedroom, 1.5 bathroom property that when I purchased, I inherited tenants that were using the attic as a fourth bedroom. The city says that the room is not up to fire code to use as a bedroom...
Kristin Caras
Rent Payments on Holiday Weekends
This is our first month of collecting rent on our first rental property. Rent is due on the 1st of the month, which on this month fell on a Sunday (9/1), then followed by Labor Day (9/2). I called our property manager...
Greg H.
Hard Money Rates: What are you currently paying?
What are the rates, term and number of points are y'all currently paying in the Austin area to your HML?
Raymond Hill
Woonsocket, RI Small Multifamily Investing
Hello BP Family,I am looking at a couple of multi families off market this weekend. The numbers are pretty decent versus the higher priced multis in Providence County areas like Providence, Pawtucket, Cranston, etc. A...
James Carlson
Airbnb investment in Colorado Springs: Now or never?
Hey any Colorado Springs BPers! (And those simply interested in Denver's little sister.) A new proposed Airbnb ordinance in the Springs has me wondering whether it's now or never to buy an STR investment in some of th...
Maria G.
What applicant would you choose?
A- 2 adults (including a homemaker) and 2 boys of 3 and 5.B- 2 adults (both working professionals) and 1 daughter in Kindergarten.C- 2 adults (both working professionals) and 1 daughter entering Kindergarten in 2020.A...
Ethan Yuan
Removing existing tenants after buying a property
Hi all,I’ve noticed it is common practice for investors to buy a property, get rid of the existing tenants, renovate the property, and increase the rent. My question: what is the process of removing tenants and how lo...
Chad R.
Mortgage Interest rate question
Quick question, we are in the process of purchasing a property in FL for the sole purpose of STR, I have a question on the rate we are getting from our broker, hes quoting us 5.3% with 20% down (loan 228, 0000) this ...