Dhondup Chime
Good Deal but tenant has paid rent i 4-5 months
Hello everyone, I am a 26 years old aspiring REI. I found this really good multi-family in Greenville, Jersey City for 750k but the owner is willing to give me 50k in credit bringing down to 700k ( purchase price). I ...
Kevin H.
Rent or sell 4 plex
I have an underperforming 4 plex and I'm trying to decide if I should sell or get it back on track. When I managed the photo perry it was a money maker for a few years. Then I got a property manager and the guy was a ...
Samuel Botts
Is there a rule of thumb for estimating cabinet replacements?
I put an offer on an SFH for a BRRRR property and it needs some cosmetic work to say the least. Assuming our offer is accepted we're going to have a GC give us an estimate but I was curious if anyone had a typical num...
Ali Sheik
Buying out of state
I am in California and looking to possibly purchase my FIRST investment property. Property is in Florida Tampa area. 8 unit $450k. Is this ill advised? Would you buy a place sight unseen? Would paying for an appraiser...
Jesse Stephenson
First Subject-to deal buy and hold then sold
I am just about to complete the sale of my first Subject-to deal. It wasn't a grand slam but when you consider the cash on cash returns it was pretty darn good I think.. Here are the details. I got the seller who w...
Patrick Crehan
Renting a house owned by a family member?
So this summer my girlfriend and I are planning on moving in with each other. Her aunt owns the house that we are looking at and planning on renting. My question to you all is how should we go about it? What are some ...
Mala S.
Renovation Pics for BRRR!
Hello BP, I just wanted to share some pics before/after of my latest remodel of a 3 family house in Hudson County, New Jersey. I renovated 2 out of 3 of the apartments ( 3rd unit was already renovated). Units are all ...
Seven Gee
Help/resources evicting problematic Section 8 tenant in Oakland
Hello all,I have a section 8 tenant in my single family home in West Oakland, California. The tenant has been there for 3 years and the section 8 office is of no support. We have been to court 3 times. The first 2 tim...
Matthew Rutledge
Info/Help request (Maine?) - being thrown into partership and vacation rental
My father in law owns a cottage on a lake on the Maine/NH border. Due to where he is in his life, he's done with it (he's healthy enough, just getting sick of dealing with it). Before the end of 2014 it will be pass...
Steve Rozenberg
Whats the magic number to spend on a make ready
How much should you spend on a make ready. Most owners, myself included would like to have a good ball park number, depending on the property I am buying or turning over after a move out. Everybody has different opini...