Alex S.
Property Walkthroughs.... Waste of time?
24 December 2014 | 9 replies
Don't change your air filter frequently enough and you reduce the life of the unit, not to mention its efficiency. 15 min here or there could make the difference between hundreds or thousands down the road.
Lynn Harrison
pondliner under marble countertop?
27 December 2014 | 15 replies
The supply lines are at floor level under the cabinet & I've used Jedd's idea of loosely skirting with good air flow in front of the back of the box with pond liner.
DJuan Brown
NEW MEMBER!!! New to real estate
28 December 2014 | 14 replies
I'm an Air Force guy myself and just got started investing about 8 months ago.
Brandon Proctor
Approved for VA Loan Now what?
27 December 2014 | 24 replies
In the Air Force all you need is 2 years of service or E-4.
David Hartmann
New home buyer in Houston area using VA Loan. Already Approved
7 March 2016 | 13 replies
Welcome @David Hartmann,I am an Air Force veteran and a new investor to BP myself (my wife is also an Air Force veteran).
Long Khang
Newbie First Deal Need Help
30 December 2014 | 5 replies
Three story apartment complex, Built: 1970Number of Units: 29Gross SF: 23,184 SFAverage SF: 653 SFNet Leasable SF: 18,989 SFRoof: Slight pitch asphalt shingleHVAC: Forced hot air, gas furnace/central ACNeighborhood Class B Properties Class B-Rental Unit Income $212,911Vacancy $17,609Effective Gross Income $195,302Laundry $2,199Garage $960Other Income $4,192RUBS Bill Back $2,379 Total Other Income $9,730Gross Operating Income $205,031OPERATING EXPENSESAdvertising/Concessions $6,115Cable $8,344Management $10,252 (should be $21,291 for 10%)Office Supplies $239Employee Benefits $0 Legal/Credit Reports $1,078Landscaping/Snow Removal $3,730Cleaning/Maintenance $1,956Repairs/Supplies/Maintenance $19,073 (should be $21,291 for 10%)RUBS Utilities (Water,Trash, Pest) $18,451House Gas/Electric $1,944Real Estate Taxes $21,276 (should be $36,000)Insurance $4,400 (should be $8,400)TOTAL EXPENSES $92,192 (should be $125,109)NOI $205,031 - $125,109 = $79,922$79,922/0.08 (cap rate) = $999025I did change some number for management, insurance, repair and maintenance.
Dave Haller
Bathroom Fan Venting Into the Attic?
4 January 2019 | 25 replies
It doesn't matter how well ventilated your attic is - warm moist air from a bathroom hits cold air in the attic = condensation.
Brandon Tahincioglu
New Member from New Jersey
25 January 2015 | 11 replies
I'm a military dude myself (Air Force) and just started investing back in April.
Robert Obniski
What are some rehab jobs to skip? Over/Under rehabbing.
26 January 2015 | 10 replies
If you are not going to be adding equity value I believe it is better to brighten it up with paint on walls and floor, use bright lights, and put air fresheners that are ODOR Killer not a scent.
Ben Leybovich
Don't Buy $30,000 pigs in Ohio (or Mid-West)
2 July 2019 | 189 replies
It has a new furnace and air conditioner, new water heater, new main electrical panel, new carpet and paint, new range, and is brick, so minimal exterior painting will be needed on the eaves when the roof is replaced, about 10 years from now.