All Forum Posts by: Michael Leeson

Thanks @Mike McCarthy. Electrical is not split now. I considered splitting meters, but decided to bill average utility costs as rent.

Any experience or suggestions appreciated! Closing on a small duplex this week. 

It has a single 30 year old furnace and one thermostat. Here are options I've got so far:

1. Replace furnace and use window AC units - $4,200

2. Replace furnace, add central AC with zoning - $9,100

3. Add ductless mini-split units for heat and cool - $10,500

Would any particular option have a greater ROI?

Thanks for the input!

@J Scott I purchased your Estimating book thru Amazon. Is it possible to purchase the files/spreadhseets separately?

edit: I see now this question has come up a lot.  Sending a PM.

For those seeking BRRRRs, Flips or Hold and Rents - what makes a deal work for you?

Are your criteria explicitly laid out in a spreadsheet? Have they changed over time, or amidst Covid-19?

As a new investor, I'd love to hear what others are working with!

What are you seeing these days on non-recourse loans? 

I'm looking to purchase a duplex that will have a DSCR of about 1.7. I have very low reported income. Any advice on securing a non-recourse loan at this point in the game?

Can't say enough how valuable the BP community has been in my journey getting started.  Thank you!

@Jaysen Medhurst thank you! So appreciate your thorough feedback!  I'll rerun numbers and check it out.  Thanks again!

@Joe P. thank you for this thorough and sharpening feedback! I will run numbers taking this into consideration. 

Thank you for looking this over @Tim Herman! I’ll go back over your suggestions. 
mom planning to self manager at least for a couple years. 

View report

*This link comes directly from our calculators, based on information input by the member who posted.

So grateful for the BP community and all the help so far! Any feedback on this deal is so appreciated!

Looking to buy duplex #2 - for long-term hold and primary goal of growing net worth. Thank you!

View report

*This link comes directly from our calculators, based on information input by the member who posted.

So grateful for the BP community and all the help so far! Any feedback on this deal is so appreciated! 

Looking to buy duplex #2 - for long-term hold and primary goal of growing net worth. Thank you!