26 September 2018 | 1 reply
Looking for advice on COLLECTING REPAIR COSTS from the tenant that are incurred DURING the tenancy.
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28 December 2018 | 5 replies
Some of the properties are in need of repair but he doesn’t have to money to fix them all.
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1 October 2018 | 3 replies
I'll have a better idea of the repairs needed later this week, but right now it looks like some light kitchen work (counter and sink) and possibly baseboard heater replacement throughout.
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27 September 2018 | 8 replies
Even if you set all the cash-flow aside, it would take a year just to build up a $2,000 reserve which isn't enough to replace the carpet in one unit and that doesn't cover cleaning, other repairs, vacancy, etc.I don't know enough to make the decision for you but the margins seem really thin based on what you've shared.
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31 October 2018 | 26 replies
Second as a contractor I have found lower cost subs equals lower quality , or uninsured , etc.
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26 September 2018 | 2 replies
Your purchase price with only $80k of repairs and assuming no other costs like closing or money lending fees could be up to $145k to have to be at the $225k all in price.
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26 September 2018 | 3 replies
Your numbers don't account for repairs, maintenance, capex, vacancy, etc.
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9 October 2018 | 9 replies
If the house has sat on the market for more than a few days I would question what factors are scaring off other investors (bad area, foundation problems, extremely high repair costs, etc).
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26 September 2018 | 2 replies
My concern with multi unit properties is the quality of tenant, that and cash flow on any properties in our area is very hard to come by.
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1 October 2018 | 5 replies
We have a software system that tracks payments from tenants, payments for repairs and payments to owners accordingly.