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22 October 2024 | 0 replies
My CoC can only go DOWN since my rehab estimate is pretty solid.
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27 October 2024 | 74 replies
If you don’t know how to estimate repairs, I would recommend using a tool like Blue Hammer.
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21 October 2024 | 0 replies
Then the buyer was paying closing costs, which I estimated around $11,000.
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23 October 2024 | 4 replies
Understand what retails properties sell, average prices per sq/ft, types of properties investors are looking for, what rents are, what areas sell the best for investors, what to look for to get accurate rehab estimates, more properties you visit and see in-person the better, and most importantly, dont be lazy!
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23 October 2024 | 9 replies
It’s good to run conservative estimates, especially since vacation rentals can be seasonal in some places.If freeing up time is one of your main goals, think about using a property management company.
21 October 2024 | 4 replies
If your purchase price (always the largest expense) plus the rehab estimate (the second largest) total no more than 70% of the ARV, the remaining 30% must cover your HML charges, agent commission, property and hazard insurance, property taxes, title insurance, escrow, staging, all else, and your profit.
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16 October 2024 | 2 replies
Good Day,I need to estimate how much the insurance will be before I purchase the property.
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23 October 2024 | 13 replies
Regular preventative maintenance, typically during turnovers between tenants I take note, anything that will likely be a need to repair in the next 12mo I try to fix during my turnovers before a new tenant, but I also take note of anything that may be needed in the next 24mo and the next 5years and I estimate the cost and budget it into my reserves Best of luck with your self management journey!
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23 October 2024 | 5 replies
I also look at comparable properties (comps) to estimate the property's value after repairs.I currently don’t have a real estate agent.
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24 October 2024 | 9 replies
I am estimating my home is now worth at minimum 615k but think it could be anywhere from 650-700kMy current mortgage payment is 3324 (that with PMI).