All Forum Posts by: Mira Atanasova

We have taken the second approach for two of our deals and I have no regrets, even though we used our personal CC. We have utilized 0% balance transfer offers for minimum of 12 months for an average cost of 4% in an 8% mortgage interest rate environment. If we would go the hard money route, we would have paid that to just close the loan in origination fees and points and then pay 12% annual interest on top of that. I would go the second route any time the deal allows it.

Dm me, I have a few agents I can refer you to.

Hello Tio,

Congratulations on your new fix-and-flip project! It sounds like you’re in a great position to succeed, given your extensive renovation expertise.

As a fellow real estate investor, I completely understand how challenging it can be to choose the right design elements, especially when you want to make a space appealing to potential buyers. Design happens to be one of my passions, and I’d love to help you brainstorm ideas or suggest some cost-effective design solutions that could work for your project.

If you’d like, feel free to share some details about the style you’re aiming for or any preferences you have. I’d be happy to provide suggestions on tiles, fixtures, or color palettes that are both budget-friendly and attractive to buyers.

Looking forward to hearing more about your project!

 Hello Yoana,

Sadly, I’m unfamiliar with Atlanta’s market and I can’t be of much help. But I’m always glad to see other Bulgarians in the Bigger Pockets community, so I wanted to congratulate you on your decision to turn your townhome in to a rental and give you my insight. 

I’m sorry to hear that you are facing difficulties renting your place out. Seven months seems a very long time to find a tenant. How did you get your property manager? Where do they advertise the property? Have they held any open houses? If the rent is competitive, you should be at least getting more inquiries if not applications.

I’m always happy to chat if you want to share experiences!

I will share my experience. In Chicagoland, many landlords, myself included, charge a non-refundable move-in fee instead of a security deposit. This is mainly due to the administrative hassle that comes with handling deposits. When our tenants move in, we collect the first month’s rent along with a one-time, non-refundable move-in fee that’s typically a little less than half of the monthly rent (for example, $600 for a $1300 rental). This fee helps cover cleaning and paint touch-up costs after tenants move out. It’s a simpler process and ensures that some basic maintenance is taken care of without the complications of refunding deposits.

 Hello Charles,

I know this is a very old thred but can you, please, share (if you remember), what were you doing wrong and how did you fix it? I have problem with the calculator as well but can't figure out what I'm doing wrong. In my case it shows me maximum offer of $21k for a property with $660k ARV.

Thanks!

 I was really just hoping to get something nice and professional looking to show my prospective buyers, but obviously I'm doing something incorrectly when punching in the numbers. Thank you for your offer, though

View report

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

This is the first time I'm using the calculator. I'm trying to generate a report on this deal for the last 30 min but there is something off with it and I'm not sure what I did wrong. So the ARV is $660K and the report gives me maximum offer of $21K for $0 profit. Please, help me fix this.

Thanks in advance