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13 June 2018 | 0 replies
If it needs to be converted, can he just pull the necessary system permits (splitting electrical, HVAC) vs going through a complete build permit since the space is already a finished livable space?
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11 November 2019 | 2 replies
Looking for a knowledgeable/experienced handyman near/in Milledgeville. Thanks in advance!
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27 June 2018 | 9 replies
I am a newbie investor, who is trying to invest from out of state and for me the most challenging is getting a good team of people set up (i.e. property manager, contractors, loan officers, accountants, lawyers, etc.).
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15 June 2018 | 22 replies
Your profile says you are a contractor.
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14 June 2018 | 3 replies
This will give you plenty of time to get your contractor ducks in a row.
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20 June 2018 | 7 replies
All the things I want to know seem to be things based on experience i.e. recognizing good contractors and being able to look at a property and size it up.
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14 June 2018 | 2 replies
I've even had licensed contractors flake on me after promising to give a quote.For those of you who do so many flips that you can't possibly do the work yourself...
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14 June 2018 | 2 replies
For electric, usually tenants pay for it, sometimes I noticed tenants get their own window units when they think the electric is out of line.To give you my own experience, the home I live in, I once had a 15,000 BTU unit, 110 volts in the living room.
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17 June 2018 | 4 replies
Not much plumbing or electrical expected.
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1 February 2019 | 15 replies
@David Ribardo and @Joe C jump in with any edits/comments you might have Purchase Price $149,900 (50K a door rule looks good) Three units total gross/month 2239 (1% rule looks good) Fixed expenses: Taxes 2517, Trash 1125 (375/unit in Allentown unless private collection deal previously arranged) Insurance: 703 Common Electric: 519Water/Sewer: 802Allentown Fee: 225 (75/unit/year) Variable Expenses: Vacancy: 2239 (One months rent of each place, or 8.3%) Management: 1800 (50/door/month) CapEx/Maintenance: 3000 (1000/door) Total Operating Expenses: $12,930 Total Gross Income: $26,868Net Operating Income: Op Ex - Gross = $13,938 Divide your NOI by the cap rate your looking for and you have your offer price.