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25 September 2018 | 2 replies
Just for further clarity:The property is currently rented and does not need any repairs that I am aware of.
26 September 2018 | 5 replies
Do your current expenses include saving for repairs, maintenance, capex, etc.?
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25 September 2018 | 0 replies
I'm planning to use the FHA 203k loan to finance the purchase as well as the repairs.
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26 September 2018 | 3 replies
I plan to hire a smaller contractor to handle the job and purchase the materials for them, also probably sub out items they are not good at like landscaping and concrete repair.
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29 September 2018 | 5 replies
Then figure out how much tenant improvement work you need to do to get that new tenant and you have your future income and your repairs figure.
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25 September 2018 | 4 replies
Estimating CapEx and property management at 10% each and vacancy and repairs at 5% each.
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28 September 2018 | 8 replies
@Daniel Nguyen You could always have several structural engineers look at the property to quote on the estimated cost of repairs.
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18 October 2018 | 8 replies
I don't know when a place would need basic repairs, or major repairs.
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28 February 2021 | 24 replies
We primed everything with Kilz, including ceilings, and painted everything with a high quality paint.
26 September 2018 | 10 replies
You also have to take into consideration these expenses: Monthly management fee, utilities, insurance, repair reserves, taxes, HOA fees, once a year deep cleaning fees etc.