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20 October 2018 | 1 reply
Find an agent who is an investor. go to meetups in your area to get exposed more and network. picking up random properties on Zillow with out knowing all the expenses and repairs isn't the best way to utilize the calculator. you will need accurate numbers to see if you will cash flow. start your search for a property now as sometimes it can take time to find the right one depending the area. get pre approved and go house hunting with a link minded realtor. then you can plug in the numbers into a calculator and see if any will work. best of luck.
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20 October 2018 | 2 replies
Who provided the estimates of the repairs?
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23 October 2018 | 16 replies
@Michael Noto so even if I fixed all the cap ex items repairing it I need to put more than 5 percent on repairs and cap ex?
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1 November 2018 | 6 replies
We collected cost to repair and we addressed the problem by building a deck over much of the yard.
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8 January 2020 | 5 replies
Purchase price -85k Repairs - 4K Rent - $925 I had a few things go wrong so far, the city thought i was doing plumbing work and i had To get an inspection and work done because they said it wasn’t up to code.
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21 October 2018 | 6 replies
Repairs can be expensed but anything that increases the value of your property is to be depreciated.
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20 October 2018 | 0 replies
Rehab of $30,000 to increase it's value from $87,000 purchase price with $140,000 market price to $230,000 After Repair Value (ARV) and create 50 units rental in the property.
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20 October 2018 | 4 replies
Electricians, Plumbers and Elevator repair all require apprenticeship.
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21 October 2018 | 1 reply
To be fair, the theater was in very bad condition, and low estimate repairs ran around $100k-$150k.
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21 October 2018 | 9 replies
The numbers would not support a full NNN purchase of any quality even with significant leverage but a fractional interest paying in the 6-8% range would be a good candidate.