Corey Fenner
Getting my California Broker's License this year, What do I need?
1 September 2016 | 4 replies
Like insurance, regulatory fees, memberships, registration, etc.Thanks!
Ariel Benavidez
Wholesale + Real Estate License = Bad???
29 August 2016 | 0 replies
I just completed my second course in my real estate license and the instructor made an interesting point of how a registrant must disclose all known facts about the property.
Raman Bindlish
Sacramento Rental Inspection Registration
18 November 2016 | 4 replies
We received a rental inspection registration form from city and we filled it up.
Tom Kuhen
Potential First Deal in Cleveland, and it's a HUD - Please Help!
31 August 2016 | 15 replies
I was under the impression that you had to find a contractor that had some form of registration/ certification in order to work on a home that has a 203(k) loan on it.
Ariel Benavidez
New to the game Ontario, Canada
31 August 2016 | 5 replies
I'm researching different markets across Ontario (mainly Toronto because I'd love to be close to the city) for the purpose of buying and selling as a registrant, but also to fix and flip homes.I look forward to mingling within the BP community and absorbing as much knowledge as I can from all of you (and providing some of my own in the future)!!
Sharon Seiter
New to Small Multifamily in Columbus, Ohio
3 November 2016 | 18 replies
On the online registration at the very bottom is a "Print a Free Guest Pass" button.
Justin Tortorich
Airbnb Regulations in NOLA are not Investor friendly!
29 August 2017 | 7 replies
NOLA has been hassling me about registration and licensing through the Airbnb platform.
Nghi Le
Attorneys, LLCs, and Closings in Kentucky
17 November 2017 | 6 replies
The cost is $40 for registration and then $15 every year for renewal.
Ryan Evans
I'm taking a field trip to Cleveland!
18 September 2017 | 87 replies
Anyway, I’m planning on holding onto it, so let’s move along.General expenses: Property inspection: $425Flights/bags/ground transit for 2 people: $600Service main water valve: $389Service 2 furnaces: $200Paint materials both units: $370Cost of hiring friend who came along and worked 3.5 days: $500Total random home depot materials including light fixtures, electrical gear, primer, brushes, locks, light bulbs, tools, drywall, tape, etc: $1,820.Total: $4,304Unit 1 - Down Paint labor bedrooms, bath, and kitchen: $0 (friend from out of town did it for free)Installing fixtures, switches, outlets, cabinet knobs, doorstops, blinds, towel racks, bathroom mirror, caulking, etc: $0 - did it myself.Estimated cost if contracted: $1,500Unit 2 - Up Labor to strip wallpaper, repair drywall, sand, prime, and paint full unit (contracted out): $1200Installing electrical outlets/switches/fixtures: $125New electric stove: $200Refinish bathtub: $300Pull carpet: $250Total: $2,075Estimated short-term costs (<1 year) New roof Spring 2018: $8000Gutter cleaning and repair: $300New Floor in kitchen (estimate): $500Total estimated costs: $8,800Year 1 non-recurring costs to make it rent ready: $91,979Estimated mid-term costs (1-5 years) 2 new furnaces: $55002 new hot water tanks: $2000Misc: $1,000Total: $8,500*After the tanks/furnaces get replaced the building should be rock solid for 10-15 years at least, assuming no major disasters.Monthly expense breakdown: 5-year private money balloon loan on $87k over 20 years: $574Property tax: $215Insurance: ~$100Water bill: ~$60Sewer bill: ~$40Garbage: $16Rental registration: $6Lawncare: $40CapEx: $100Vacancy: $75@ 5%*I’m self-managing, therefore I’m not yet factoring in property management.Monthly Totals:Projected rent: $1,500 ($750/unit, but will shoot for $775 initially)Expenses: $1,226Cash Flow: $274/monthCash on cash return: infinite (more or less)ROI based on $18,000 yearly at $91,979 initial cost: 19.5%NOI: $3,288About the loan:I don’t qualify for bank financing since I’ve moved countries and jobs so much in the last couple years.
Vivek R.
LLC for Multi Family Property
8 September 2017 | 16 replies
Use your Mass. address for other online/business registrations to funnel your mail there.Hope that helps ;-)