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5 April 2018 | 3 replies
Structural repairs will have to be made in the attic and crawl space.
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30 May 2018 | 44 replies
If purchased property with 25% down, at 30 year fix, will cashflow to about 400-500 before future monthly repairs.
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6 April 2018 | 6 replies
For instance a small house in Atlanta my cost $50k plus $20k repairs totaling $70k and will bring about $680 - $800 rent.
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14 April 2018 | 13 replies
Second, make sure all immediate capital expense needs are addressed by the seller or that you have the needed funds set aside in cash to make the repairs/improvements.
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6 April 2018 | 16 replies
House was much nicer after the renovations but I was out my deductible for the repairs.
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5 April 2018 | 2 replies
If yes, that will be a month's rent.You have no repairs budgeted with your purchase.
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7 April 2018 | 6 replies
You are missing reserves for any other major repairs - typically around $200 per unit per year4.
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8 April 2018 | 2 replies
I cannot purchase the property myself as I do not have the funds for it.However, I have found an investor whom I’ve showed the property to and is interested but needs to get inside for the contractor to give a repair estimation to get actuals.How do I set this deal up so that I can ensure I make money as the finder?
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8 April 2018 | 2 replies
The picture isn't too clear, but be sure you don't have entry repair costs.Congratulations!
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6 April 2018 | 8 replies
Here's what it looks like:Purchase price = $300kRental income = 4 x 1bd/1ba @ $500 , 2 x 2bd/1ba @ $650 = $3300, seller thinks 1bd's can go up to $700 and market research supports that Taxes = $200/monthEstimated expenses = 1300/month (10% each for vacancy, CAPEX, and repairs and $200/month for insurance)NOI = $23k at lower rents, $33k at higher rentsCash flow = $500 at lower rents, $1300 at high rentsThe property is in a C neighborhood that is gentrifying.