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2 February 2023 | 42 replies
If they do this in a broad based base-line consumer action, it's done folks, D-O-N-E.
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22 January 2010 | 17 replies
Yeah I called the county and they couldn't find any licensing information for him.I thought that a C of O was just for apartment buildings, or converting commercial to residential?
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24 June 2020 | 16 replies
The old Verdelli Farms vegetable factory that was in Hummelstown f o r e v e r was abandoned years ago and torn down.
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22 August 2018 | 23 replies
We will be putting a 3/4 tonne ductless heat pump into this unit (SEER 30/HSPF 13.5) which will handle the heating and cooling far more efficiently w/o the need for ductwork.
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22 March 2023 | 8 replies
First, C of Os were not issued until the 40s, properties built before that may not have a record of a C of O that have not changed floor plan/footprint since original construction.
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20 June 2021 | 25 replies
A Lenox was the worst, the condenser constantly leaked due to O ring failures (could have been an install/repair issue) & by the 2nd year the blower & inducer motors both went mid winter.
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25 January 2023 | 8 replies
I’m neither going to confirm or deny if I am 16. I believe that may go against the Terms of Service with BiggerPockets. If I was 16 my plan would be to get a couple years of part time employment during school and that...
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14 September 2015 | 3 replies
The sum of my estimates for Cap Ex, Repairs and Maintenance is coming in around 23% of gross income, so I think that's on the conservative side, so certainly depending on how much you want to play with that number, that will change the numbers below...Year 1 Metrics (all figures are on an annual basis):Gross Income = 62,400NOI = 27,788 including capital reserves (33,038 w/o)Debt Service = 25,659Before Tax Cash Flow = +2,129 including cap reserves (+7,379 w/o)Cap Rate: 6.6% including cap reserves (7.8% w/o)Cash-on-Cash: 2.2% including cap reserves (7.6% w/o)Expenses = 55% of gross income (including cap reserves, vacancy, and management)Monthly Rent = ~1.3% of purchase priceAssuming rent, expenses, and appreciation are all 2% (conservatively), here's the long term projections for Buy and Hold with no refinancing:Year 10 IRR Before Tax: 13.2%Year 20 IRR Before Tax: 12.31%Any thoughts?
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12 April 2016 | 4 replies
You definitely need a license, unless you are operating your own property.You will need insurance (E&O, Umbrella to name a few) for risk management.If you are holding deposits, you'll need a Trust Account.You'll need Tenant Criteria i.e.