Kevin Coleman
Bird In HVAC
12 June 2024 | 7 replies
, roofer to see if they are getting into the exhaust vent on the roof?
David Gleason
How to maximize leverage on 4 SFH rentals to get to that "next step"
12 June 2024 | 7 replies
The last think you want to do is to put leverage on one of them and then need a new roof or furnace.
Alessa LeSar
I'm ready to strategize!
16 June 2024 | 27 replies
Roof, windows, landscaping, carpets, paint job.
Ben T.
Preparing Rental Property for Sale
12 June 2024 | 13 replies
Also remember it will take time to get them done, during which the home is vacant and not on the market.People shop with their eyes-so many don't care about stuff that is really important (plumbing, electrical, roof, etc).
Aaron Zimmerman
Insulation For Housing
13 June 2024 | 6 replies
Its easy and cheap to insulate accessible locations like an attic and since heat rises and the sun beats down on your roof the attic insulation is probably your best bang for the buck when insulating.
Jonathan Feliciano
What was it like buying and rehabbing a gutted property?
12 June 2024 | 11 replies
I like nicer houses that just need paint and flooring or maybe a roof.
Brandon Justice
Owner-Occupied 4 Plex - Please Check My Numbers
12 June 2024 | 7 replies
Building Details:- 2 on bottom 2 on top - 3/1.5 ba 1100sqft - 7 yr roof - prob $35k - 50k total work/updates to make awesome.- Neighborhood ~ C- but a C- area here doesn't mean too much, smallish town ~ only about 50k peoplePurchase Price: $660,000Appraised Value at Purchase: $730,000Interest Rate: 6.625% - 30 year fixedDown Payment: 10% / $66,000Cost to Make Rent Ready: $14,000P&I - $3803 T&I - $898Total PITI - $4701/moCapEx, Vacancy, Maintenance - $1099/moTotal Monthly Costs - $5800/moCurrent Rents - $3800 (3 units)Fair Rents ~ $5000 but will likely only charge ~ $4500 to start.
Jon Haney
Forced Appreciation from Repairs?
12 June 2024 | 6 replies
Large projects such as roofs, repipes, or HVAC only get about 50% - 75% of the actual cost.
Nicholas Lilly
Foreclosure Due Diligence
12 June 2024 | 2 replies
Account for costs associated with capital expenditures such as the condition of the roof, foundation, and HVAC.
Nathan Gesner
How much reserve should you maintain?
12 June 2024 | 9 replies
Reserve funds should handle a major cap x like a roof, plus money to pay the bills while the work is being done as a tenant likely won’t be paying during this time.