Andrew Jones
6plex under contract. What documentation should I ask from owner?
Hello BP,
Yesterday 1/12/12, I got a 6plex under contract in southern California. Four 2bd+1 and Two 1+1. Owner is financing with me putting 30% down. Building is currently fully occupied. What documentation should I...
Nick Robinson
Maintenance fund for larger multifamily
Quick question for my apartment owners. How much money do you set aside for maintenance? For single family houses I usually plan on keeping 10% of the purchase price. For example $100,000 keep a maintenance fund aroun...
Shanel Dial
Flipping homes with foundation issues
Hello, my question up front is does anyone have experience flipping homes with foundation issues or do you run away? I am looking at purchasing a home in San Diego that has had minimal repairs /upkeep over the years....
Ben Roberts
A second set of eyes on a duplex in Memphis
I am considering a duplex in Memphis, this would be my first flip/buy and hold. Would someone mind taking a quick look and offering their opinion on the deal?The property is $89k, the repair estimate is $12k. The exp...
Clint Harris
Getting paid to live at the beach...
So I’m writing this post with a sincere feeling of gratitude for this Bigger Pockets community. I started investing in properties 10 years ago, bought a duplex and house hacked when I was in my early 20s, then went o...
Jordan Archer
What's the market standard for calculating the cap rate?
What is the market standard for determining a property's Cap rate and NOI? Do you get a professional appraiser or is it just as off the cuff as it appears to be on Loopnet?Are their certain expense items you can leave...
Nick Stageberg
Coming downturn for tech hubs?
Pretty interesting article on how accounting tricks have created funny money in tech hubs like San Francisco and Seattle that have inflated the real estate markets:https://www.redfin.com/blog/2017/09/when-even-tech......
Daniel B.
Water Main Break
Just got a call from a tenant this morning, there is a water main leak at on of my SFH. It is coming up right where the driveway meets the street. As the water meter/shut of valve is on the other side of the house a...
Alex Capozzolo
Philadelphia - Sheriff Sale Property - Water Bill Transfer?
Hi BP, Question: Does anyone have experience with back billing of water bills from properties purchased at Sheriff Sale?Current Situation: My partner and I current have a property under contract, cleared to close, bu...
Junior Hall
Best ways to close on off market deal
Hello everyone. I'm fairly new to the bigger pockets community but have been listening to every podcast since around May of this year. I currently own 2 single family residence, 1 multi unit and am in the process of a...