Ben Curtin
Need help with Investment Strategy
27 June 2015 | 11 replies
At a minimum you'll need to make sure the tenants are paying ALL the utilities if you want to make any money.REI is a good thing.
Account Closed
New from the Hampton Roads, VA area... well kinda. BP members from other locations, I would love your input as well.
28 June 2015 | 3 replies
Anything else you can think of is paid for (I live rent free, all utilities covered, vehicle free, etc).
Michael Noto
Diary of a Flip: Single Family Colonial in Plainville, CT
3 April 2016 | 64 replies
Project update for our single family colonial flip in Plainville, ConnecticutThe hardwood floors in the living room, dining room, and front entry way are in the process of being refinishedthe entire upstairs is complete The shutters are up and the front door has been paintedthe kitchen has been demoed, utilities have been relocated for the sink, and the kitchen has been painted as well.tomorrow the cabinet install will start and should be completed by ThursdayOnce the cabinets are installed we are having the granite coming out to template the counters on Monday and are hoping to have them installed later next week.
Georges A.
Background Check Returns Positive but Tenants claims it is not them
19 July 2015 | 23 replies
In fact based on the phone interview, application data and reference checks you should have a firm grasp on who this person is, the credit report is a factor in my decision and is utilized to validate a lot of the information already provided; if it doesn't match or is incorrect; See ya!
Dwayne George
Is this a bad idea?
28 June 2015 | 9 replies
Taxes- $1,312Sewer and Water- (paid by tenant) $90/moTrash- $0Heat/Utilities- (paid by tenant) $130/moHOA- $0Cap Ex and Ops (my personal minimum is $150/roof/month)- I had planned on 10%.
Account Closed
5 Single family home package and commercial finance
27 June 2015 | 2 replies
Purchase price: 270kCurrently rented for: 3500/monthExpenses: 600/month (taxes, insurance, utilities < water for one unit)Prop Mgt: 300/month Maintainance: 120/monthCapEx/Rainy day: 230/monthVacancy: 175/ month (5%)Debt service: 1090/ month (@5% interest)Total: 2500 (approx)Cash Flow: 1000/month (200 per door)Downpayment: 70k (25%)Cash on Cash: 17%What are the downsides of such a package against a multifamily unit?
Joe Kling
Why is your market the best?
29 June 2015 | 28 replies
How might someone utilize your services to implement a BRRR strategy in Cleveland?
Shawn C.
Marketing to a specific neighborhood.
30 June 2015 | 6 replies
Would deff utilize the driving for dollars and possibly narrowing that neighborhood down to specific homes with in the neighborhood based on the distressed atmosphere of the homes in the neighborhood.
Brian Humphrey
Subject to/lease options
29 June 2015 | 8 replies
Utilize a competent RE attorney for sure - when you have something specific to go over @Brian Humphrey.
John Yanko
Depreciation and owner occupancy
29 June 2015 | 3 replies
In other words if you live in a duplex, you can only deduct half of your expenses such as depreciation, landscaping, common utilities, etc if they benefit the entire property.