All Forum Posts by: Steven Holt

Okay, That makes sense. I have been analyzing properties in the Fraser Valley (Most local), Vancouver Island, Prince George, Kamloops and Kelowna. I would love to hear about the investors in my area, who they are, what their stories are, how they got into RE

Hey BP Community! I am learning quickly about RE investing. I would like to network and exchange ideas with people from my area. You guessed it, I live in Canada BC.

Let's Chat.

Thank you so much for your advice! I will take the time to think about what you've said, and try to adjust my process. Thanks again! Great feedback!

Okay, I like the information. I will rethink my expenses and CapEX as % of total rent. Thanks for taking the time to read over my post and share your thoughts with me. It really makes a big difference, So thanks again!

Thank You! I appreciate it. I will adjust the numbers you mentioned and you're right, It does seem inaccurate. 

Thanks for the clarity!

Thanks, I will really think about what you said, I appreciate your advice.

Here I will show a list of all expenses and rates that I am currently considering for Single Family Homes,

If I have missed anything at all or if my %'s seem off. Please do not hesitate to share your input as I am hoping to make this list comprehensive and rock solid.

Here is what I have so far,

Closing costs

-Lawyer fee: 100$ -land transfer tax, title insurance: 100$ Estoppel certification, appraisal: 300$ Home inspection: 500$

Expenses

Mortgage, property tax, insurance, Vacancy rate, HOA fees, property management fees: 6-12% ?? repairs/maintenance, water, electrical, gas, lawn care, snow removal, sewer, garbage ?? how do I find this out?

Cap EX

appliances: 8.33$/mo Roof: 16.67$/mo Water heater: 5$/mo Driveway/Parking: 8.33$/mo flooring: 27.75$/mo structure/framing: 16.67$/mo plumbing: 8.33$/mo Components (garage doors/ect): 8.33$/mo paint: 12.5$/mo Cabinets/counters: 12.5$/mo landscaping: 8.33$/mo Total : $153.57/ Mo

I derived the Cap ex numbers from a BP post.

I am hoping to learn as much as possible from your valuable input, as well as to start a discussion that everyone can benefit from.

Thanks, And Happy Investing!

PS: I will note that I lack any numbers on what It costs to sell a house// RE agent fees, if I should choose to do so.

Hi, Pretty new to BP, I want to share some ideas about due diligence and hear feed back from the community.

Here I will show a list of all expenses and rates that I am currently considering for Single Family Homes,

If I have missed anything at all or if my %'s seem off. Please do not hesitate to share your input as I am hoping to make this list comprehensive and rock solid.

Here is what I have so far,

Closing costs

-Lawyer fee: 100$ -land transfer tax, title insurance: 100$ Estoppel certification, appraisal: 300$ Home inspection: 500$

Expenses

Mortgage, property tax, insurance, Vacancy rate, HOA fees, property management fees: 6-12% ?? repairs/maintenance, water, electrical, gas, lawn care, snow removal, sewer, garbage ?? how do I find this out?

Cap EX

appliances: 8.33$/mo Roof: 16.67$/mo Water heater: 5$/mo Driveway/Parking: 8.33$/mo flooring: 27.75$/mo structure/framing: 16.67$/mo plumbing: 8.33$/mo Components (garage doors/ect): 8.33$/mo paint: 12.5$/mo Cabinets/counters: 12.5$/mo landscaping: 8.33$/mo Total : $153.57/ Mo

I derived the Cap ex numbers from a BP post.

I am hoping to learn as much as possible from your valuable input, as well as to start a discussion that everyone can benefit from.

Thanks, And Happy Investing!

PS: I will note that I lack any numbers on what It costs to sell a house// RE agent fees, if I should choose to do so.