My business partner and I have been investing in single family rentals for a bit of time and have managed to accumulate 5 in Albuquerque as well as 10 in Detroit including 2 duplexes. 

I have a question about closing costs...I've reached out to 4 lenders and secured pre-approvals with each to compare their rates, fees, etc.For a 25% down payment with 1 point on a $200,000 investment property, they're estimating closing costs between $7000 and $8000 (which includes prepaids, insurance, etc.). 

I am a flipper and noticed most of the new wholesalers have difficulty in estimating rehab cost.

I estimated that it was worth $183,000 based on a few local factors and the sellers scoffed and stated their number was $215,000 once it went on the market.

I've really gravitated towards flipping homes and accumulating rental properties but I find all aspects of REI interesting.

Building is vacant at the moment so these are all estimates.

This may sound harsh: If you don't have time to learn how to estimate rehabs, do you have the time and money to cover expensive mistakes?

Hello Everyone,I put in an offer on a property and looking into getting some estimates from companies who can pour asphalt/cement in a 4,000 sqft lot to create parking lot.

We lived in the 2 bedroom side of the property for a year, keeping the current tenants on the 3/2.In June, 2017 we increased rent from $800 to $850. 6 months after that, we purchased a home to live in (with our 2nd child just 3 months old) and moved out, intending to renovate the 2/2 we'd been living in.In August 2017, after moving, we started renovations, which (of course) took longer than expected and cost more than estimated.

Check out the sold comps in each area to give you a ballpark estimate.