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5 November 2018 | 0 replies
Hi All, Im looking for a quality General Contractor (GC) to do my first 2-3 rehabs.
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16 November 2018 | 2 replies
I have a decent budget for a down payment for several units and I was thinking of starting with something like the following...Unit type: Condo (only looking at turnkeys; not going to rehab - much)Asking price: $182,000 - would offer $160,000Fair rent price: $1,600/moProperty taxes: $2203/year; $184/moHOA: $223/monthMortgage (P&I): $635/moLandlord insurance (estimated): $20/moOptional considerations:Property management: $160/mo (10% of the rent; I am not going to use property management at first; I will manage it)Vacancy: $160/mo for as long as it is vacantRepairs: $80/mo as neededI obtained the optional numbers above from here:https://www.biggerpockets.com/renewsblog/2013/01/1...This comes down to...Worst case scenario of $138/month given vacancy, property management, and repairs.Best case scenario of $538/month without any of the optional considerations - so hopefully this is the profit I would be looking at almost every month.Thoughts?
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11 March 2019 | 17 replies
Since the place was almost brand new, we wouldn’t have any rehab costs.
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13 July 2019 | 6 replies
Just fix it and move on.I would suggest that you make the check out to the deceased tenant and then allow the relatives managing his estate to address the check however they decide.
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10 November 2018 | 26 replies
Maybe also consider a hard money loan to acquire and rehab and then force some appreciation to cover the difference on traditional financing?
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9 November 2018 | 0 replies
My business partner and I are working on our first deal and we’re looking for a GC in the area (Taylors specifically) to give us a quote on a few things in a potential rehab we’ve found.
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12 November 2018 | 5 replies
What is address?
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26 November 2018 | 2 replies
The deal im looking at asking price is $50,000 Rehab estimate is about $60,000 and the ARV on the Property would be $155,000.
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11 November 2018 | 4 replies
There are lots of HMLs who will finance 100% of rehab if you have 10% of the purchase amount.
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12 November 2018 | 5 replies
- Do you Finance any of the rehab cost?