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13 November 2024 | 5 replies
The BP rental estimator tool is pretty good as well and is usually within about a 5-7% margin of error.
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11 November 2024 | 2 replies
Specifically in SC, though, I would check two things - 1) see if the ATI exemption applies and actually quote the taxes for that particular property on the county tax estimator tool, and 2) get a ballpark quote from your insurance partner on the particular property.
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11 November 2024 | 6 replies
They provide free estimates and work with your accountant.
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11 November 2024 | 0 replies
We have yet to have another appraisal completed but I estimate a new evaluation of $350,000.
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11 November 2024 | 6 replies
Priced too high, rehab estimates too low, and they don't factor in the cost of selling (commissions and closing costs).
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11 November 2024 | 9 replies
I would run a cost estimate if you haven't.
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11 November 2024 | 13 replies
Here are the numbers I know so far:Rents4 units all currently occupied on one year leases- #1: 1/1 $995 monthly- #2: 1/1 $995 monthly- #3: 1/1 $995 monthly- #4: 2/1 $1,100 monthly- Gross rents: $4,085 monthlyExpenses- $12,070 taxes annually- $350 monthly insurance (my estimate, they have liability only right now)- $175 monthly landscaping- $120 water (electrical on separate meters, tenant pays)- Total expenses: $1,651 monthlyNOI around $2,434 before vacancy, maintenance, and management (although i would likely self-manage these)Property needs about $50K in other repairs and udpates from what I can see.
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2 November 2024 | 4 replies
Hey everyone,I’m new to REI and I’m wondering if you guys have any advice to share on coming up with rehab estimates when you’re just starting out, and don’t have a long track record to go off of?
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19 November 2024 | 111 replies
There are an estimated 1 - 2 million crimes a year stopped by brandishing a gun and fewer than 600 deaths from accidental shootings.Pepper spray is not as effective.
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12 November 2024 | 17 replies
It's oversaturated with crappy wholesalers who don't know ARV and can't estimate repairs costs.