Liam Maher
Loads of Lowball Offers
31 January 2023 | 21 replies
This will help to both narrow down your deal search and speed up the types of info you need.
Aaron B.
Another penthouse remodel investment story
12 August 2022 | 1 reply
.) = $150,000 Total investment = $370,000Average price per square meter (with remodel) = $1,480Average price per square foot (with remodel) = $137.54 bedrooms4.5 bathrooms2 glass enclosed patiosAnnual property taxes = $1,700 per yearMonthly utilities are about $300/monthAdministration (HOA) is about $200/monthCable+Internet package is $50/month, I pay for fast speeds for remote workers and digital nomadsAnnual insurance is approximately $835 for the year and provides complete umbrella coverage for $1,000,000The full-time housekeeper is $425/month and helps with all cleanings between reservations, but because she handles two properties, her cost average per month for this property is really about $213/month.The maintenance guy is paid ad-hoc and as needed; I estimate only about $50/monthMy overall cost of ownership is low totaling about $975/month.
Zachary Resendez
New REI that's trying to figure out where to start here.
25 July 2022 | 15 replies
, that's the fastest ticket to overwhelm that I can think of.Whereas, if you're like, "Okay, I want to buy MFRs for cash flow.
Paul S.
Overwhelmed by frequent tenant repair requests
18 January 2023 | 11 replies
Do you keep a handyman on speed dial, and get a preferred rate each time?
William Coet
What Is The Best Way To Learn Financial Terms For Multifamily And Commercial
6 February 2023 | 11 replies
Listen on 2x speed and soak up as much as you can.
Jose Campos
Hard Money Lender Ran Background Check
5 February 2023 | 11 replies
They do not need permission to run a background checkAs jay mentioned lexus nexus spits out a 50 page report on some people.For credit you typically need their permission but not for a background check.I could find any one of you in under 30 seconds and tell you the last time you had a speeding ticket.Its not only who you borrow or lend from but every person you do business with you want to know their history.
Dayton Wright
Buy a home or rent? Indianapolis Folks!?
29 June 2021 | 18 replies
The Indiana market is much cheaper than the Utah market right now (Utah is the fastest growing state) which is why it is so enticing to buy a home instead of rent.
Anna Bee
How to find good property management company in different state?
27 October 2021 | 7 replies
@Anna Bee fastest way is to use the biggerpockets Network/Search/ members.
Brad Gibson
Seller Wants to Back Out After Contracts Are Signed
12 January 2018 | 90 replies
It's like me walking out to my car and saying "I am going to drive 56MPH in a 55MPH" zone and a cop coming up and giving me a ticket for speeding, while I stand there in the driveway.
Aaron B.
A very successful penthouse story from beginning to end
12 August 2022 | 22 replies
Penthouse specifications:Purchase price: $315,000315 square meters = 3390 square feetAverage price per square meter = $1,000Average price per square foot = $92.653 bedrooms4.5 bathrooms1 services room (for a housekeeper or nanny)1 patio, 1 balcony, and 1 rooftop terrace Annual property taxes = $1,650 per yearMonthly utilities are about $360 with short-term rentals, much higher than they are with long-term renters which typically average $180/monthAdministration (HOA) is about $310/monthCable+Internet package is $51/month, I pay for fast speeds for remote workers and digital nomadsAnnual insurance is approximately $300 for the year and provides complete umbrella coverage for over $500,000...it’s very cheapThe full-time housekeeper is $450/month and helps with all cleanings between reservationsThe maintenance guy is paid ad-hoc and as needed; I estimate only about $50/monthMy overall cost of ownership is low totaling about $1000/month.