BP, I've been on a long search for technology and applications that allow me to automate parts of the tenant journey (leads, apt tours, screening, rent collection...). I don't see any reliable apps that focus on handling maintenance requests for small multifamily owners (2-4 units). I have only s...
Hi everyone, I operate a licensed Group Family Child Care program in Queens, NY, and I’m currently expanding into a second location through a residential property acquisition. With NYC increasing public investment in child care, it’s become even clearer that demand still far exceeds supply- espec...
Is this legit? Anyone have experience with it? What's the cost?
Hello, my name is Todd and I'm new to all of this. While I'm hoping to close on a 3 unit LTR in Hudson Valley, I'm having no luck finding a potential property manager. I'd have no problem expanding my search geographically for a multi unit LTR if I can find a good manager. Any ideas how I can go ...
Is anyone else having trouble replying to posts? I am trying to reply to a thread to share some insights from my short experience with real estate ownership, but the platform won't let me submit a response to anyone. Is this a known glitch or an issue with my account?
Hi everyone — glad to finally join the community here. Quick background: I've spent the last 20 years building single-family homes for sale in NY state. I've delivered 50 homes, handling each project from land acquisition through permitting, construction, and sale. My average margin across projec...
Hi Everyone, I am a 29 M based in Manhattan looking to invest out of state. I am particularly eye-balling the Atlanta or Orlando markets for my first investment. My long-term goal is to build a stable portfolio that will give me the ability to draw on the equity in 10+ years (sooner if possible) ...
I'm going to be listing a four family rental property for my dad. It's a property that I've managed for the past 13 years. The property is in a trust (I am one of three trustees with my brothers) and we'll be doing a 1031 exchange into a DST. Property is located in the Bensonhurst section of Broo...
Hi Everyone, I'm very new to the real estate investing game. Recently saw a property near me on zillow that was selling very cheaply compared to the comps. Upon further looking into it the property is a short sale listing subject to third party approval. My question is does the price set by the s...
So Real Estate = location, location, location... I consider a 4-unit brownstone in New York City. The location is great, but the property owes huge tax and building violation penalties. There is no tax lien though - the current owner makes some min payments, but there is Stop Work order from the ...
Tax season just reminded me how disorganized I am. Spent days digging through receipts and spreadsheets trying to compile expense reports for my accountant. How do you all track: • Appliances and items in each unit (fridge serial numbers, HVAC install dates, etc.) • Maintenance records and costs ...
I have a few successful strs in Georgia. I am looking to refinance a couple of them, however my lender requires 2 years of income shown, and I don't have that for these particular houses. They will, however, accept a long term lease. I read somewhere that it might be possible to long term lease t...
Good morning, I am currently using Turbotenant for tenant screening/rent collection and reminders, and lease creation. They also offer a marketing option and outsources to another provider for bookkeeping. I love it, however, it’s missing one key thing for me. It does not provide banking accounts...
In both Brooklyn and Queens, I see apartment buildings like this one - https://www.zillow.com/homedetails/695-Meeker-Ave-6-Brooklyn... - which seem like a reasonable price for the area. This one is 1.1M for a 6 unit apartment building, in the area typically a solo 2 bedroom condo is in the 1-2M r...
To all remote real estate investors purchasing outside of where you live - when you find some interesting properties online and the numbers (rent comps, taxes) seem to work out, what do you do next? Do you travel there to view? Basically how do you “verify” the condition of the property that’s no...
Are there groups of investors that invest in either rentals or rehabs? How would I find these groups other than the REIA and there typically a minimum amount for entry and what is it?
I’m looking for honest feedback from people who have invested passively, partnered as capital, or evaluated small multifamily/JV structures. Most passive real estate investing conversations seem to center around syndications, funds, or larger operators. I’m curious how investors think about the s...
My building in NYC just experienced a minor fire. The fire seems to have started from an AC that a tenant installed. This is my first time dealing with something like this, but thankfully, everyone is safe. It seems like the sprinkler system was able to put out the fire before FDNY arrived. When ...
Hey BP Community! 👋 I see a lot of investors in the forums asking how to pull cash out of a stabilized rental without running into the strict debt-to-income (DTI) walls of conventional underwriting. I wanted to break down a recent DSCR (Debt Service Coverage Ratio) refinance scenario we worked th...