Dielita McKnight
New to real estate investing, with $100k to start. Any advice?
23 February 2024 | 21 replies
Quote from @Dawn Roy: @Dielita McKnight,There are so many wonderful ppl here in RVA.
Marcus Auerbach
Flooring: Pergo Outlast+ vs LVP
22 February 2024 | 0 replies
The warranty excludes standing water and plumbing leaks - this is probably the reason.So while I am impressed with how waterproof it is, this is a kitchen with dishwasher ina rental property, so we will go with LVP which I know is 100% waterproof as it's core is just plastic.
Christine Cho
Washer/Dryer Combo for Basement MTR
22 February 2024 | 11 replies
We were able to tie into our sink and dishwasher plumbing and it was very simple, but my husband is very knowledgeable.
Nicholas Aiola
Ask me (a CPA) anything about taxes relating to real estate
27 February 2024 | 2053 replies
Repair expenses such a dishwasher and plumbing leaks.6.
Lon Sierra
2 units, only 1 meter! How to set monthly fee?
19 February 2024 | 6 replies
You can make minor adjustments based on the type of appliances (dishwasher, clothes washer and dryer, air conditioning, etc.) and the size of the rental.
James NA
“ DEALS” that absolutely are not deals for the investor buyer
21 February 2024 | 27 replies
Buying a property without equity…. means that if you had to sell.. you will taking a loss equal to AT LEAST…all costs associated with selling.Selling a $400,000 property that was bought in the last two years means that AT BEST… the equity is equal to 75% of the down payment. ( this is a rough statement and anyone who wants to crunch the hard numbers is very welcome to post them)$400,000 buy… $$60,000 -$80,000 down… $24,000 to the buyers agent… and another $5000 for other closing costs.Starting balance ..is $370,000.New selling /asking price… =$450,000 depending on the region… good luckBuyer counters at $400,000 and the seller accepts…Minus the realtor fees $24,000 and some concessions…$10,000 ..Net is $366.000 Ok this is a very rough discussion.either provide tighter numbers or accept the drillThis seller got out lucky.And didn’t account for the interest paid out or the new carpet , paint dishwasher and sod.Buy a business with equity….
Brian Bardzik
How to enforce Water Sensors on lease agreement?
18 February 2024 | 3 replies
I would use leak detection that auto shutoffs the water heater and dishwasher
Angie Y.
Suggested formulas for RUBS
18 February 2024 | 2 replies
There is no yard to water, just regular usage with bathrooms, dishwasher and washers.
Angie Y.
Splitting out shared utilities
16 February 2024 | 3 replies
You can make minor adjustments based on the type of appliances (dishwasher, clothes washer and dryer, air conditioning, etc.) and the size of the rental.
Lucy Bennet
1031 exchange on carriage house portion of primary residence
15 February 2024 | 8 replies
Yes, that part just dawned on me.