Matt C.
Am I being to conservative? 70% rule
7 May 2018 | 29 replies
To use just one of the properties I’m looking at as an example it’s AVR is around $165k and $25k in repairs putting my max offer around $90,500.
Phillip Tamez
Investing while Active Duty Military
12 December 2018 | 11 replies
Principal, interest, tax, insurance, maintenance repairs, capital expenses, utilities ( if there are any the tenants won't cover), vacancy.
Lauren Huffaker
Rental Property Advice - Pay down loan to remove MIP?
20 April 2018 | 4 replies
I am not making any $$ on it, really, because after repairs, vacancies, etc. it eats through my generated income.
Kody Foster
Negotiating my first deal this very moment!
25 April 2018 | 10 replies
A little info: Asking price- $41,900Our first offer- $24,000(house needs $15,000 in repairs, all cosmetic, nothing structural) we cover closing cost, 10 day option period/ $100, title policy and survey at sellers expense.
Dori Arazi
Financual strategy in a cash buy, repair and hold
21 April 2018 | 7 replies
Perhaps open a HELOC and keep $10-20k in reserve for that one month when a water heater blows up and you need a roof repair.
Gaurav A.
What are the conditions for rent loss coverage to kick in?
24 April 2018 | 5 replies
- major property repair ?
Mike Abramov
What are realistic expectations of a property manager???
22 April 2018 | 5 replies
I just went through this and they did paint, cleaning and some other repairs in 2 weeks.
Brandon Komp
(3) 4plex - how to come up w/ 25% down??
23 April 2018 | 6 replies
Plus you'll need to make sure you're got money for repairs and a reserve for if there is capex needed.
Will G.
Do rents ever go down?
28 April 2018 | 32 replies
That's because my cash flow goal is after ALL expenses, including a realistic vacancy, PM whether I use one or not, allowance for repairs and capex, and debt service, etc.
Randy Batterson
Tenant Skipped Out & Pipe Burst
24 April 2018 | 17 replies
Cost to repair was over $8k.