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30 July 2024 | 9 replies
This company is a ponzi scheme, flat out.
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1 August 2024 | 8 replies
We then spent around $30,000 out of pocket on renovations, including repairing the roof, upgrading the electric panel, installing new HVAC, and putting in a new kitchen.After completing the work, we refinanced with LendingOne using a 30-year fixed-rate DSCR product at around 7%, which resulted in a net cash-out of approximately $15,000.A couple of things to note:I'm out of pocket on this property for around $40,000 ($25k down, $30k rehab, minus $15k recaptured).I'm thrilled with this amount since it's far less than our "normal" 25% down strategy would require based on the higher value.The property appraised for $330,000 after the renovations.The key point for me is that this property is now netting around $800/month in cash flow.
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2 August 2024 | 18 replies
The maintenance differential between a single-family and a two-family is twice the mechanicals, but the same amount of roof, exterior, etc.
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1 August 2024 | 12 replies
This is just the normal operating costs, never mind the big things that come up occasionally with capex like when you have to replace a major component (furnace, water heater, sewer line, driveway, steps, deck, windows, roof, doors, siding, landscaping, etc,) and it costs $10-20k.
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28 July 2024 | 0 replies
What is the going rice for new roof for 1500 sq feet house in Montgomery?
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30 July 2024 | 12 replies
Their services were presented to me as a $99 a month flat fee for managing my property and he explained to me how they write a rock solid 11 page lease and help find tenants if we need a tenant.
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31 July 2024 | 3 replies
My sister had my parents' house passed down to her in a quick claim deed, which is also fully paid off Zestimate ~$420K, but she does have some "good debt", roof/windows for house $50K and car payments for her car and my mother's $25K= total debt $75K.
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29 July 2024 | 1 reply
In the same area, there is 50+ lots, all with similar acreage, however, most of them are flat, some of them with with minor elevations.
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30 July 2024 | 2 replies
Here are the criteria that would determine it is a "log cabin style" v a true log cabin:- Foundation Walls = Concrete Block- Roof Surface = Metal or Shingles- Heating = FWA- Interior Walls = Drywall or Plaster
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30 July 2024 | 2 replies
However, in my market, realtors often ask for an offer before providing basic information like the age of the CAPEX items, including the roof.