All Forum Posts by: Heather Moore

I have found a local real estate investor who is currently delinquent on his property taxes on at least 8 multi-family properties that he currently owns. I have a good address for the owner & want to send a yellow letter.

My question: do I send a general letter simply stating that I'm interested in purchasing the property & request that he call, or do I mention the tax delinquency & let him know that I'd like to help him solve this problem. I know there are pro's & con's to each, just looking for more experienced opinions as I've never done a direct mailing.

I'm currently house-hacking my first duplex & am looking to make my next move. Ideally, I'd like to seller-finance one or two of his properties to start but am open to private money or other alternative exit strategies.

I have found a local real estate investor who is currently delinquent on his property taxes on at least 8 multi-family properties that he currently owns. I have a good address for the owner & want to send a yellow letter.

My question: do I send a general letter simply stating that I'm interested in purchasing the property & request that he call, or do I mention the tax delinquency & let him know that I'd like to help him solve this problem. I know there are pro's & con's to each, just looking for more experienced opinions as I've never done a direct mailing. 

I'm currently house-hacking my first duplex & am looking to make my next move. Ideally, I'd like to seller-finance one or two of his properties to start but am open to private money or other alternative exit strategies.

Hey BP, I’m in need of some suggestions! We have our first tenant turnover since beginning this househacking adventure back in August of this year. The tenants have completely moved out & no major repairs are needed *luckily. We’re still in the process of figuring out whether we should go with an online option such as smart moves or cozy, or if we should create our own application/system & request the necessary criminal & credit background checks a la carte somewhere- any recommendations would be greatly appreciated!. Additionally, what kind of questions should we be asking before even setting up an appointment? I disclose up front the 3 times the income to rent ratio & that a we’ll conduct criminal/credit background checks. But other than that- what other important information should I gather prior to setting up a showing. Thanks!

I would suggest building this into your lease if it isn't already there. You have to be able to account for marketing, vacancy, etc. in these situations. We typically charge a standard $2,000 early termination fee & require a 60 day notice from our tenants if they decide to break the lease. 

Marian Smith how difficult was the process & how well do you think they’ll hold up? Since this is a rental I’m concerned about durability. If there isn’t a durable, simple (i use that term loosely lol) solution I may not touch them because they’re still in great shape- just not a fan of the light oak finish.

Tyler Resnick I was under the impression that stain(or gel) was more durable than paint.... but I’m fairly clueless (hence the question lol)

Hey BP- Quick question, we want to spruce up the cabinets in our rental (they’re the traditional light oak cabinets). The cabinets are in good condition but I’d like to change the color to give the kitchen a facelift & get a little bit more income from the unit (along with replacing floors & painting) What is the best way to refinish the cabinets while ensuring they’ll still be durable for renters? Thanks in advance!

Thank you all for the feedback, it's incredibly helpful! Thinking now, I'm not sure a one piece would fit through our bathroom door, but good to know that the two pieces are equivalent products. We were going to look at lowes & Home Depot to price check... any other suggestions as to where to purchase? Ive been on BiggerPockets for over a year now, browsing & reading posts, but I never truly realized what an amazing tool it is until I actually purchased a home. What a great community, thanks again all!

Newbie here- we are "remodeling" (if you could call it that) the bathroom in our recently purchased multifamily home. New tub, vanity, flooring, fixtures, lights, etc... What is everyone's thought on the 1 piece tub/shower? We'll need to re-do the walls surrounding the current tub & I was hoping that these all in one's will help us save time & money. With that being said, I also realize that the cheapest/easiest isn't the best way to go. Any advice on this or any other suggestions are much appreciated! 

Thanks Jay Belcher ! Parking is limited here, so it may be an issue... I plan to call tomorrow & find out specific requirements.