Mike Sfera
When to get a property manager
16 January 2025 | 26 replies
You should look for an "investor-friendly" PM company that knows how it is just dipping your toe into the water of buying a home/condo/townhome..
Stuart Udis
What language was added to your lease in 2024?
30 December 2024 | 7 replies
Their fill hose sprung a leak or something and hundreds of gallons of water poured into the apartment below them.
Gregory Banks
Basement crack repair estimates - who to trust?
1 January 2025 | 11 replies
Hi all, my LTR (Boston, built in the 1930's) has some cracks in the basement walls that I didn't think were too serious (owned for 10y, some water and flaking but mostly dry).
Rick Albert
Water Submetering in Los Angeles with ADU
12 December 2024 | 17 replies
Water in San Diego is real expensive.
Account Closed
Due On Sale Being Called!!
13 January 2025 | 41 replies
A law degree does not mean you know anything re wraps.If worse comes to worse, you can stop the foreclosure with legal action - it costs some but you will not lose your equity.I would not throw the baby out with the bath water re doing wraps and I do hope all works out for you.Reach out if you need a referral to a good AZ attorney to helpBe careful out there guysAlan Not to be too blunt, but you are handing bullets to a six year old with a gun.
Bryce Jamison
Do you buy older homes for long term rentals?
20 January 2025 | 32 replies
If you have a older home that has never shown signs of foundational issues, and it has a new(er) roof, electric, plumbing, HVAC, hot water heater, etc.
Jacob Thorpe
Criminals, transients, convicts, burglary, fraud, deception, manipulation, squatting
28 December 2024 | 8 replies
I was now without power, or water.
Felicia Richardson
2/1 With No Washer & Dryer Connection
25 December 2024 | 11 replies
They are full size and yet still run off 120v and just need a water source and drain.
Gp G.
Bathroom Floor recommendation
28 December 2024 | 2 replies
The grout between the tiles allows a run off of water and a gripping surface for your feet.3. if you’re smart, use durock on the walls too, right up to the ceiling.
Jennifer Fernéz
Help with this deal!
18 January 2025 | 10 replies
@Jennifer Fernéz I run sum numbers for you with our tool, see comments and pics below before refinancing and post refinancing .Financial Breakdown: Purchase Price: $200,000 Mortgage (LTV 80%): $160,000 Interest Rate: 6% (30-Year Amortization) Mortgage Monthly Payment: $959Upfront Costs: Down Payment (20%): $40,000 Closing Costs (3.5%): $7,000 Renovation Costs: $15,000 1 Month of Carrying Costs During Renovation: $1,548Total Upfront Required: $63,548Year One Rent: Monthly Rent Income: $2,000 1 Month Rent Losses during renovations (-$2,000): -$167/month distributed over 12 months Total Rent Income: $22,000 per year => $ 1,833 per monthMonthly Expenses: Mortgage Payment: $959 Property Tax (Assuming $3,000/year): $250 per month Property Insurance (Assumption): $100 per month Utilities (Hydro, Gas, Water): $275 per month Assuming 5% Vacancy: $92 Assuming 0 % Repairs & Maintenance first year because unit has been recently renovated Total Monthly Expenses: $1,676Monthly Net Cash Flow: $157Post-Renovation Refinancing Strategy after 12 months:So far, we’ve purchased the property, completed renovations, and rented it out.Next, you can approach the bank for a refinance to consolidate a portion of your initial investment into a mortgage.