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6 February 2025 | 8 replies
For example:CapEx: $250-300 per unit per year for older properties, adjusted based on age and condition.Maintenance: $500-800 per unit per year, depending on property class and tenant turnover.Make-Ready Costs: $1,000-2,000 per unit for turnover, depending on the scope of work required.Resources and Tools: Utilize tools like BiggerPockets’ Pro Calculator or other underwriting spreadsheets that have built-in assumptions for these categories.
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22 January 2025 | 3 replies
I was wondering if there were any builders who have any good strategies on where to buy land when you're looking for spec homes.
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6 February 2025 | 3 replies
An additional benefit of a detailed engineering-based Cost Segregation Study is that it can increase potential insurance premium savings as well as provide support for the property tax appeals process.
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12 February 2025 | 0 replies
This deal was brought to us by our relator and was also a civilian that worked on base that was leaving the area.
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10 February 2025 | 30 replies
I've heard that Butchertown, Highlands, and Old Louisville are hotter areas and am guessing that proximity to Churchill Downs and downtown are usually a plus (especially for STRs).I'm casting a wide net here in just doing some preliminary research to get a feel for different areas of town, but would love to get connected with some others who have had some experience doing some of these things and have a good lay of the land and are connected with reputable contractors.
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17 February 2025 | 10 replies
The transaction netted near $1m but he had a 50% partner (not me, his sister) so he netted half (land transaction on large scale ADU development - https://www.cbs8.com/article/news/local/working-for-you/new-...).
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16 February 2025 | 1 reply
I don't see a reason to remove the new supports in the crawl space in the future and based on your picture, I don't think you would need to remove them to put in new floors.
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22 January 2025 | 22 replies
As far as some other comments about like kind etc, you can sell this SFR and then buy a warehouse, or vacant land or even exchange into a DST there are many other assets that are considered 'like kind'.
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25 January 2025 | 7 replies
Hey Makani, you should check out DSCR loans, which are primarily for investment properties and focus on the property’s income potential rather than your personal income.