Kyle McCorkel
Need help getting 4-plex to cash flow
Here's the situation: I bought a 4-plex in a B class area in June 2015 (about 7 months ago). I'll be honest; didn't know about BP at the time, I had read a few books, but definitely didn't know how to analyze a deal ...
David Lou
Property loss, claims, and contractor questions (first post)
Hi all,This is my first post on BP! I’m still new and only recently discovered and listen to the podcast and find the wealth of information on here very valuable. I realize my questions below are going to cover a wide...
Mark Forest
Deducting vehicle expenses
I just bought a cargo van that will be used only for my rental properties. I know there are two ways to expense the costs; either direct expenses or mileage. Which method do all of you use and why?Also, I want to ma...
Jason J.
Environmental issues - retail property in downtown core
Hello,
I have a signed LOI in place on a small retail strip in
a core downtown area located in Minnesota. I'm in my due diligence
phase and have been talking with environmental companies regarding a
phase 1. One o...
Aaron Moayed
Property Management Keep These?
If a tenant breaks a lease/wants to leave early, do I keep the deposit or does the property management company?How about late rent fees? Pet fees/rents? Security Deposits if damage is done to the property?I’m just try...
Thuy Pham-Satrappe
Property manager upcharges?
I'm going over the PM agreement with a new property manager and there are a few things raising a red flag to me that I'm wondering if they are standard (or becoming the standard): -an additional 10% (on top of the 10%...
Robert Eyers
Experience with financing without W2
Good afternoon all,
I'm working with an investor who is trying to finance a duplex. They own a company but have tried to limit their W2 income for tax purposes. Excellent credit, able to put down 25% on the propert...
Luke Petrozza
Tired Landlord... Acquiring the Rental Portfolio
Hi All, I am looking for some advice on what due diligence I need to perform in the following situation. I met an older investor that has 47 properties that he's acquired over his career. He's looking to liquidate an...
Chris Anderson
ROI of washer / dryer in multifamily 6 unit?
Looking into the option of installing a pay to use (coin/card) washer / dryer in a 6 unit multifamily. This could potentially add monthly income, but also be a benefit and convenience for tenants.Investigating machin...
Robert Obniski
Buying foreclosure during 6 month redemption period
I am purchasing a home that is off-market. We close pretty soon and I just found out that there is a foreclosure judgment on the property. The seller says the sale of the home will take care of that balance.And I foun...