All Forum Posts by: Josh Cohen

yes I bought it on BP

I received the book on Flipping

I wanted to buy the book on estimating rehab costs but I got the book on flipping houses instead. Is there a way to exchange them? Josh

Thank you so much Ben, you are awesome!! I will buy it tomorrow.

Thank you, I will keep your comments in mind. 

What about new kitchens, Flooring, Lanscapjng etc???? Is there a calculation that is commonly used for this? I realize it's subjective to the amount of work, but maybe   for A B or C level rehabs???

Thank you Ali, it's the rehab and repairs that have me leery. It's so subjective and they could make or break a deal. Do you have a rule for that???

thank you Ben, I will check out your website and BP's tools.

Just to get a better idea.... if income from a rental property is $2400.00 per month,  I should estimate $1200.00 for expenses and if my mortgage is $1000.00, (=$2200.00 total cost per month) I can assume a cashflow of $200.00 per month. I realize that is a loose formula but it sounds like a good rough way to judge propertie. Did I understand correctly?

One more question if you don't mind... I don't know that I've ever heard anyone speak about fire insurance on BP. Is that typically included in most investors calculations?

Thank you again!

Josh

I am really interested in understanding how to run numbers on rental properties, particularly when it comes to estimating the unknown, such as potential repairs, rehabs etc.... I will pay you for your time. Thank you! JC

Is it really better to buy a home to live (liability) in before buying an income property (Asset) ? If so, why? Thank you! JC

I recently posted about a property I think would be a great investment, where I would take a small commission and the ability to learn the inside and outs from the buyer. I got a few responses, and when they asked the location, I mentioned that I would need a non-disclosure agreement signed before I disclose any information. That was the last I heard from them. Isn't it a good idea for me to cover myself so I don't get taken advantage of, even though I not asking for much? Thank you! JC