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21 February 2016 | 12 replies
Passive systems are better, though, because they avoid the continuous cost of electricity to run a fan and a loss of conditioned air caused by low pressure below the slab.
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16 February 2016 | 13 replies
.) = 529 x3 months (March, April, May)$3456: Interest only HML payments ($92,160 @ 15% / 12 = 1152) X 3 months$ 1137 Dumpster fees x 1 month (10 yard dumpster @ $379 flat rate per 10 days)$ 3500 staging fees x2 months$20000 Rehab (extremely conservative estimate, actual cost pending)$5000 Possible Repairs (extremely conservative estimate, actual cost pending inspector report)$300 City Water, trash, sewer (@100/mo)$900 Electric ($300/mo)$84 HOA (@$28/mo)$300 Lawn mowing ($100/mo)Selling Closing Costs and expenses = $19,380$ 7140 (3.5% of ARV)$ 12,240 (6% agent fee)Total Profit = 204,000 – 169,217 = $34,783 (before taxes)
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17 February 2016 | 6 replies
Your agent can get a Property Condition Report off of HUDs website that has the condition of the water supply, HVAC, roof, electric, etc.
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21 February 2016 | 29 replies
@Bryan Sowieja well not a popular thought but its realistic.having owned a bunch of rentals in Mississippi we get some pretty large tenants in those areas.And special toilets are required along with reinforcing sub floor below.. and they can wreak havoc on plastic tub shower combos... can't comment on if you can exclude them. but if you rent to folks that you know are quite heavy no matter there physical type IE professional athlete power lifter.. cage fighter WWF or whatever... you do have certain realities in the bathrooms that need to be addressedI have had more than one 400 lb plus tenant have the toilet give way on them during the act.
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16 February 2016 | 30 replies
I have seen so many poor installs on buildings for everything - cable, satellite, phone, even drop-electrical service!
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15 February 2016 | 8 replies
I have to admit I see lot of rehabs who try to cheat, use builder grade junk .The need a new electric upgrade they will only do a box and have a handy many men do it no permit .When in fact they need to run a new wire to each out let it is crazy.Best advice with flips it needs a good inspection, fact most other investors I see never buy a flip bad workman ship, over priced.
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16 February 2016 | 9 replies
It is a total project, the only thing that has been done is plumbing, electric, some duct work for AC, and the foundation and frame of the house.
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26 February 2016 | 9 replies
https://oncarrot.com/6-simple-but-powerful-questio...I would take this guys advice, he's another Sean Terry student and I've seen him post in the FB group frequently.