David Young
Questions From a first time Investor
29 January 2025 | 12 replies
Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.
Marc Shin
What Can I do about sound in a duplex with thin walls?
29 January 2025 | 10 replies
Adding mass to the walls works wonders—attach Mass Loaded Vinyl (MLV) to the shared wall, then cover it with a layer of 5/8” drywall using Green Glue soundproofing compound for extra noise-blocking power.
Giuseppe Di Pietro
Pergola Recommendations for backyard in Clearwater, FL
13 January 2025 | 5 replies
Check out this site - https://theluxurypergola.com/blogs/louvered-roof-info/hurric...They cover wind resistant pergolas in general but I would make sure whatever you get will be able to stand up to hurricanes that happen there from time to time.
Devon Shives
2nd house hack help!!
9 January 2025 | 2 replies
Currently have a duplex I’ve been in 3 yearsMortgage 3.65% pmt $850Tenant pays $875Heloc $30k——monthly $291The issue I am running into isRates are so high right now and it’s a lot harder to find another that will cover full mortgage.Does it make sense to leave somewhere that it is full covered to go to one that is not?
Bryan Christopher
Post sale - Buyer making legal threats about an appliance
17 January 2025 | 7 replies
So, he's claiming the home warranty won't cover... fine, what's the repair cost?
Jonathan Small
50% Rule vs DSCR > which do you use to calculate a good rental
15 January 2025 | 4 replies
However, they approach financial health from different angles.The 50% Rule is a quick estimate that suggests operating expenses (excluding mortgage principal and interest) will roughly equal 50% of the property's gross income.The DSCR is a more precise calculation (Net Operating Income / Total Debt Service) that determines if a property generates enough income to cover its debt obligations.Deal example:- Class C middle class neighborhood- 4bd / 2ba single family house- ARV: 190k- Purchase: 105k- Rehab: 35k- Market rent: $1,400-1,525- Section 8: $1,475- Property manager: 10%- Taxes: 125 month- Insurance $1250 yr- HOA: $55 month- purchased and rehabbed with all cash.
Robert Frazier
$35k reasons you should always use experienced agents for real estate purchases.
27 January 2025 | 2 replies
After the initial inspection we sent a response to the inspection asking for $21,500 in seller credits to cover the roof and furnace (both needed replaced).
Stephanie Medina
Is it a bad idea to convert this LTR into a STR?
26 January 2025 | 17 replies
Do you happen to have an HOA covering the neighborhood?
Alan Asriants
Why BRRRR is not an effective strategy today...
31 January 2025 | 44 replies
I was the HML who put the CA clients into title for 1k per house.. then countrywide or wells would refi them in about 90 to 120 days generally they could cover their lending costs and be positive cash flow 50 to 150 a month..
John Lasher
How did you get into multifamily?
26 January 2025 | 17 replies
It took about 5 years for my assets to start covering my expenses.