Not sure how you’re underwriting but whatever you do, don’t count on ANY improvement in the oil economy going forward.

Hello BP community,I was inspired by this article to improve my approach to underwriting CapEx costs for buy and hold investments. 

Aug 23 electric company comes and puts 3 day note on door of squatter while squatter is hiding insideAug 24 DTE informs us that the bill for this cabin hasn't been paid for a long time, bills are often sent back "return to sender", over $1,100 is owed, gas will be turned off soonAug 26 electric company comes and removes meter, we haven't seen squatter since Monday night, we knock expecting an empty unit, 14 year old daughter is inside, no electric, no water, no gas, phone battery low, and the house is the worse garbage pit I've ever seen - 5 full size black bags of kitchen waste sitting near door, goat path from room to room, dirty clothes piled everywhere. not hoarder situation, just super dirty situation.

.): $100/mo- Remaining personal loan for home improvement: -$50,000 (8.4% interest, needs to be paid off ASAP)- Cash to invest to start: $0 (all cash has gone toward the high-interest loan- Future salary income available for real estate: ~$500/moWe want to start with one additional property and build our portfolio with more properties over time. 

This way you get to keep your place for which you know the history of last 15 years plus you enjoy all the improvements you did in that property. 

County (delays and red tape - though you can of course not have to deal with this for most improvements)-Prices are very high-Tenant-friendly state - it takes much longer to evictPros:-Tenants tend to stay longer-Property taxes are low VS purchase price-You can quickly fill a rental as demand is there - no matter what the asset class is-Utility companies are super helpful.

We also have free drop off centers for yard waste, batteries, chemical waste and electronic waste.

Tesla has filed to become a Texas power retailer in a move that could shake up an already fast-changing market.Tesla also told the state’s grid operator that it wants to build two giant utility-scale batteries that will serve wholesale power companies in the state.

Hello Ohio investors,I was inspired by this article to improve my approach to underwriting CapEx costs for buy and hold rental investments.

. #2 Per CRA, you can deduct the interest charge on money you borrow to buy or improve your rental property.#1 & #4 Per lending guidelines, the source of down payment for a rental can be borrowed from loc, relatives, etc.