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...
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 ...
Jered Sturm
What measurables do you track?
Our company focuses is to buy and hold apartment complexes. We currently track a few KPIs (key performance indicators) to keep a pulse on how the portfolio is doing. However as we prepare to grow and begin syndicating...
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...
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...
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. ...
Joshua Dorkin
Best Source for LED Bulbs?
Hey Guys - I've done the math and it is time to switch the bulbs in my home to LED. Does anyone have a recommendation for good pricing on these? I like the Philips bulbs best.Any and all feedback would be great!
Aaron Crow
Questions about commercial property investment opportunity, I am clueless
I have a property that I am looking at, it is a converted house now zoned commercial. Property has been updated, has 11 parking spots, covered patio and storage building. Was listed at 239,900 and was just reduced t...
Taylor Harrison
First Multi- Family deal. Thoughts? Things to consider.
Hello. Looking at my first multi- unit. Here how it breaks down. Asking $52,000. 3 units. Two bedroom- $475/ mo. 1 bed $400/mo. Efficiency $200/mo. Rent=$1075 Those are current rents. Efficiency and 2 bed have long t...