Keenan Patton
[Calc Review] Help me analyze this deal
26 December 2024 | 4 replies
Large basement and attic space, new roof and some of the kitchen is already torn out from the current owner. one bedroom does have a closet that will need built. plumbing seems fine, maybe a couple angle stops to change.
Eric Miller
Better to have one $600k property at 70% LTV, or four $300k properties at 95% LTV?
27 December 2024 | 13 replies
A roof on the 600K property will cost more than on the 300K property, but you have more roofs to repair on the multiple 300K properties.
Paul H.
Questions when working with a new/unfamiliar wholesaler
30 December 2024 | 7 replies
You can get some estimates from contractors for what they charge for big ticket items like to renovate a bathroom, renovate a kitchen, replace the furnace, replace the roof, etc.All wholesale deals should have free and clear title and you should be able to see the sales agreement before submitting the earnest money deposit.
Bryson Owensby
When to take profits out of Rental?
21 December 2024 | 18 replies
I recommend establishing a reserve fund for major turnover expenses, capital repairs like a roof replacement, etc.
Christopher R.
Homeowners Insurance/Landlord insurance/Umbrella insurance
26 December 2024 | 14 replies
That may increase your cost or limit the coverage you can get.The Year that the following were updated (either partially or fully) would be good to know:- Heating systems- Roof- Plumbing- electricalSome companies will not write properties with systems that have not been updated.As long as you are living there, the proper policy for a 1-4 family is a "Homeowners" policy.
Destin E. Thomas
Potential Wholesale Deal in Colorado Springs, Colorado!
24 December 2024 | 10 replies
Needs more cosmetic work than major rehab, and roof was recently replaced.
Michael Plaks
EXPLAINED: sending 1099s to contractors and vendors
15 January 2025 | 13 replies
I recently paid someone to do my roof and replace the carpet (~5k expense) on my short term rental in 2023, however he won't fill out the 1099-NEC.
Nathan Gesner
Have you ever used your umbrella insurance policy?
15 January 2025 | 11 replies
Your roofs might look good, but they might leak later.
Dillon Badger
House Hack in Peterborough New Hampshire
21 December 2024 | 1 reply
New roof, exterior painting, new flooring, bathroom updates, finished new living space What was the outcome?
Jack Cottrell
Help me adjust my expectations - first deal pending
22 January 2025 | 32 replies
You can probably beat $2000/year insurance, but the management fee should be 10%, you need to factor in turnover too and 5% is probably not enough for both maintenance and turnover and I assume you added it, but you didn't mention property taxes (which have been terrible in Jackson County lately since Frank White decided to jack them through the roof).