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26 December 2024 | 13 replies
It usually starts with a thorough walkthrough of the property to list all repairs and improvements.
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27 December 2024 | 13 replies
A roof on the 600K property will cost more than on the 300K property, but you have more roofs to repair on the multiple 300K properties.
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25 December 2024 | 60 replies
Even in the nice locations, most top out around $2,800.Of course there is also your increased insurance, vacancy, repairs, CapEx, and the never mentioned reduced rent on the main house since having a stranger living in your backyard usually isn't appealing to most renters.
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22 December 2024 | 9 replies
I learned this the hard way personally and had to get mine repaired.
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3 January 2025 | 26 replies
A seller could also refuse to pay any concessions for buyers closing costs, appraisal required repairs, etc. but it would be to their own detriment.
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25 December 2024 | 11 replies
If one or more units are vacant, the remaining units often don’t provide enough cash flow to cover expenses, making it harder to meet operating costs.Maintenance costs: A fourplex comes with four times the appliances, plumbing, HVAC systems, and other components to maintain, leading to significantly higher repair and maintenance expenses than single-family homes.If you want to see the detailed calculation, read this BP blog - More Units Doesn’t Mean More Money—Why a Single-Family Home Can Beat a Fourplex.Resale value: Multi-family properties have a limited buyer pool—mainly investors—who base their offers on CAP rates.
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27 December 2024 | 66 replies
So there will be the cost of the inspections (not cheap) and the cost of the repairs.
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20 December 2024 | 3 replies
Prioritizing cash flow, mastering property management, and learning basic repairs can make a big difference.
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19 December 2024 | 4 replies
My gross income is a bit less than $7k (and I'm renting near top of market rates) with minimal repairs ($2k/y), but...1.
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19 December 2024 | 13 replies
Will they have trouble making the payments to you while also having enough money to keep up with the maintenance and repairs/ tenant issues/ all the expenses involved with owning the property?