Jun Wang
Repair or replace AC
27 July 2020 | 13 replies
If it is currently working, I would look at a home warranty through either the local power company (PREFFERED by a long shot) or worst case a home warranty company.
Vincent Kaliwata
BRRR analysis of single family home in my neighborhood
23 July 2020 | 1 reply
. $30K cash.All in: Buying Price + Renovations + refinance closing cost = $30K + $20K +$3K = $53KRent approx $700-$750Refinance = 0.75 * $80(ARV) = $60K (I am using a lower ARV for worst case scenario)Profit: Refi cash - All in = $7,000....not much but I guess I'll have the rental income.If I use a $90,000 ARV: Profit = $14,500.If I use a $100,000 ARV (really pushing it): Profit = $22,000Thoughts?
Jeffrey S.
Rehab costs on occupied foreclosure with no access
24 July 2020 | 4 replies
@Jeffrey S Kowalski, I wouldnt walk away, I'd start by assuming the worst and do the numbers based upon that.
Hugo Flores
First Duplex Advice!
23 July 2020 | 4 replies
I am doing the numbers with the lowest rent income for the worst case scenario.The rent could be higher also it is a very nice looking inside out home for a family.
Josephine Reimer
Beginning Real estate in a different state
24 July 2020 | 2 replies
Median price point in the metro area is $500k...so the only things in that price range will be the worst nonwarrantable condos in the worst areas.
Dylon May
Purchasing an In-Laws Primary Residence
26 July 2020 | 4 replies
@Dylon MayI mean, that's the worst case scenario.
Carolina Selva
COVID Considerations for New Buy and Hold: occupied or not?
10 August 2020 | 21 replies
Cleveland has the highest cash flow (worst population growth), Cincinnati is in the middle, Columbus has the highest appreciation (best population growth)
Gene Corchado
Property in Puerto Rico
29 July 2020 | 3 replies
Gene, that is a worst case scenario for a property in PR. 1. sorry for your loss of your father and brothers/sisters. 2.
Noel Dixon
Dealing with non paying tenant
7 February 2021 | 8 replies
Covid is a bit different right now, but this shows how important having reserves are and planning for the worst.
Fred Watson
Seeking advice on potential duplex purchase
2 August 2020 | 12 replies
im different then most people on this thought. although i normally like having 6 months of reserve per property. when a deal like that comes along i also wouldn't mind paying cash then using my W2 job money to cover repairs. and if the repairs needed arnt something that needs to be done asap just use the money from your month renal to pay for repairs. it would be paid in cash so no mortgage. then take the 700 a month and fix something every month. its already appraised for 42k worst case you turn around and sell it day one. best case u fix it up and what have a 60k house thats all paid off and bringing in rent every month?