Jeff Mays
Just Went All-In On New Venture
10 July 2019 | 28 replies
Background is in dealership management, nationally recognized, so I'm great at closing/negotiating, numbers, and navigating a deal, and I'm naturally more transactional inclined.
Michael B.
Starting My REI Journey
25 June 2019 | 24 replies
And really, that's what I've done, going from being a teacher to being a handyman with C/D class properties, my natural niche.What I would do if I were you would be to find the cheapest possible place to live (including small multifamily househacking, house roommate, and Airbnb possibilities) near enough to my job to bike there and back or take public transportation.
Lane Smith
smelly tenants in multiplex
25 June 2019 | 12 replies
Wash them with a 20/80 bleach water solution, cover them with 2 coats of Kilz oil based primer, and then cover them with 2 coats of transparent sealer.
Kevin M Cooney
Buying and Holding out of State Vs In State
18 July 2019 | 8 replies
With the cyclical nature of real estate, I personally like homes that fall into the first time home buyer price point.
Jesse Graham
Canadian bigger pockets investing
12 July 2019 | 58 replies
(Not as sensitive to oil and gas jobs like Calgary is)Note: I just drove Amazon’s new location and is very impressive!
Toshiki Hoshino
Debt to income ratio question
23 June 2019 | 2 replies
In addition the borrower must have unrestricted access without penalty to the accounts; and if the assets are in the form of stocks, bonds, or mutual funds, 70% of the value (remaining after any applicable costs for the subject transaction) must be used to determine the number of distributions remaining to account for the volatile nature of these assets
Sevy Bialke
Do I have to compromise numbers to house hack? Twin Cities MN
24 June 2019 | 7 replies
I'm conservative by nature and understand the statistics of having to sift through many homes, offers, and deals to the find the right one while sticking to my guns on my criteria.
Lee Stephens
What Expenses (IF ANY) Do You Cover on SFH's?
26 June 2019 | 28 replies
@Lee Stephens make sure to account for the following expenses in your calculations:1) Mortgage2) Mortgage insurance (PMI or MIP) or FHA Risk base3) Property Taxes4) City Taxes5) HOA (Home Owner’s Association) Dues and Fees and Assessments6) Insurance a) Property Hazard Insurance (0.3-0.45%) b) Flood Insurance c) Earthquake Insurance d) Umbrella Insurance7) Vacancy Rate (usually 8% - the equivalent to one month a year, or 5-6% if multifamily and/or if experienced, if not use 8%)8) Utilities (you’ll have these if your tenant is not covering them and/or during vacancy) a) Water § Sewer § Garbage b) Electricity c) Natural Gas d) Propane9) General Maintenance (usually 5%) a) Upkeep § Landscaping b) Snow removal c) Repairs d) New Appliances e) Make ready10) Capital Expenditures (usually 5%, higher is the property is old and obsolete, less if fully rehabbed and all mechanicals and roof are new)11) Property Management (8%, even if you self manage, your time still has value and there might be a time when you'll want to be completely hands off or you'll not be able to do it, vacation, retirement, etc.), including...
Bryce Kammerzell
Rentometer for Commercial Properties?
24 June 2019 | 12 replies
Being that the economy in Northern Colorado is booming, I don't imagine I would have a very hard time finding an oil field company, electrician, plumber, etc to lease the building.
David Hernandez
House Hack or Brrrr a property I already have ?
26 June 2019 | 8 replies
I’m a 22 year old working in the oil field .