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14 September 2017 | 1 reply
I'm needing an experienced and affordable general contractor for a large rehab project in Loveland, CO.
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26 October 2021 | 6 replies
I'll be looking for my next rehab in December or January, so feel free to contact me if you have a single family residence you'd like to wholesale.
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15 September 2017 | 3 replies
One-time Expenses$1000 - Acquisition Costs (minor rehab, legal, & inspection)Annualized Expenses10% Gross Annual Rent - Vacancy Costs (turnover & lost rent)10% Gross Annual Rent - Property Mgmt (standard)$1176 - Repairs & CapEx ($1 per sq foot for tpical property)$1516.46 - Property Taxes (5 year historical average for typical property + 10%)$1000 - Property Insurance (a nice round number: seller reported that he paid $708/mo for one duplex)$27 - Water & Sewer (average across several properties from last month)$0 - Gas, Electric, HOA, Snow Removal (tenant pays or not applicable)$60 - Lawn Care (I made this number up)COMPARATIVE ANALYSIS:This is my analysis of the five properties that are being negotiated right now, listed from best to worst.Property Alpha (two-flat)$1250 - Income, Monthly (actual)$567.37 - Expenses, Monthly (estimated)$42,000 - Price, Signed Contract36% - Cap Rate (Annualized Income / Price)16.6% - ROI, After Tax (annually, assuming 15% income tax)6.0 Yrs - Until this property pays itself offProperty Bravo (two-flat)$1100 - Income, Monthly (actual)$537.37 - Expenses, Monthly (estimated)$42,500 - Price, Signed Contract31% - Cap Rate (Annualized Income / Price)13.1% - ROI, After Tax (annually, assuming 15% income tax)7.6 Yrs - Until this property pays itself offProperty Charlie (duplex)$1075 - Income, Monthly (actual)$532.37 - Expenses, Monthly (estimated)$55,000 - Price, Informal Discussion23% - Cap Rate (Annualized Income / Price)10.7% - ROI, After Tax (annually, assuming 15% income tax)10.3 Yrs - Until this property pays itself offProperty Delta (SFR)$875 - Income, Monthly (actual)$492.37 - Expenses, Monthly (estimated)$48,000 - Price, Informal Discussion22% - Cap Rate (Annualized Income / Price)8.8% - ROI, After Tax (annually, assuming 15% income tax)13.6 Yrs - Until this property pays itself offProperty Echo (SFR)$770 - Income, Monthly (actual)$471.37 - Expenses, Monthly (estimated)$62,500 - Price, Informal Discussion15% - Cap Rate (Annualized Income / Price)4.1% - ROI, After Tax (annually, assuming 15% income tax)24.4 Yrs - Until this property pays itself offNotice how the price keeps going up?
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14 September 2017 | 1 reply
Me and my partner are thinking on opening an LLC, buy SFR with hard money and refi after rehab is done, but not sure if we will be able to obtain financials through commercial loan.
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21 January 2018 | 12 replies
I am currently in a house rehabbing and flipping situation not by choice, but by necessity and it has proven to be a very valuable experience.
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15 September 2017 | 10 replies
She said these "places" are considered "physical addresses" which is not allowed and that is why my client received the warning email.I COULD NOT BELIEVE IT!!!
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16 September 2017 | 10 replies
But tipping tenants either die in place, or rush off to the hospital and then to extended medical rehab, or are compulsive hoarders who decide to simply up and flee their previous life.Landlords just look at all the junk left behind and smell all the stink of years and say, "I can't do this.
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20 September 2017 | 5 replies
We're still working on firming up the remodel cost and purchase price as we are not yet under contract.I looked into a 203k rehab, but their limits are too low to complete the necessary work.
17 September 2017 | 6 replies
She needs a realtor to help with the following:1. negotiate foreclosed and pre-auction properties2. refer construction/rehab talent3. look up owners on plats4. refer a reliable inspectorPlease let me know who you recommend.
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18 September 2017 | 9 replies
I already had a BRRRR duplex that I purchased a few months prior and was being rehabbed.