Marc Dufour
Use tenant deposit to repaint all walls or just patches
19 March 2014 | 15 replies
The tenant was here for 15 months.I have new applicants that say they want to move in only if it is entirely repainted.
Marcus ONG
Beginner non residence investor
11 April 2011 | 6 replies
Hope someone can assist and point me in the right direction.My target is to eventually have a number of properties that has a combined net return of $10k per month in positive cash flow.Initiallly I thought of buying into Florida Miami beach because of the hugh drop in price and the beautiful weather/beaches there.
Joshua Dorkin
BiggerPocket FilePlace: Getting Your Reviews of Files
20 July 2011 | 11 replies
Or maybe you can combine the most and highest rated somehow...not sure.
David Smith
How to determine how much to pay for a short sale?
9 August 2011 | 6 replies
I'm planning to look at a shortsale tomorrow with my realtor and asked her to ask the selling agent what the BPO was. Her
Jeremy Hoffman
Approaching First Rental Purchase
3 June 2014 | 4 replies
The following post will be in regards to a property that I have analyzed for purchase and feedback would be greatly appreciated.The house: Asking Price: $54,900---- 768 Sq ft/ 1bed/2 bath, New furnace, hot water tank, new kitchen appliances, newer washer and dryer, newer roof, newer AC unit, anticipating no major expenses within the next yearLink to house-http://www.realtor.com/realestateandhomes-detail/4127-Lebanon-Church-Rd_West-Mifflin_PA_15122_M32818-38813The Plan of action: The current owner is in a rush to sell,(friends of the family) most likely will sell for mid 40s, Place and offer for 40K hoping to settle for house between 45k-50k including all closing cost.Area- Average house rents for $650-$850 for 2bed 1 bath.
Sam Leon
How unique are keys and remote keys
13 June 2014 | 3 replies
For kwikset locks, which are 90% of resi locks in my area, the number of possible combinations are 7^5 =16807.Not sure about number of combinations for garage openers though.
Matt Kauffman
First Deal: 4 Plex & Duplex
12 June 2014 | 9 replies
Same seller for both properties4 PlexPrice: $130KThree 2 bdrm 1bth units, One 1 bdrm 1bth unit3 occupied, 1 vacant - (2 bdrm unit vacant)rents are $550, 750, & 750 - potential rent of vacant unit is $850 - 950/moGas and Electric are included in rent priceUtilities are budgeted with clauses in contacts that over a certain usage extra utilities go on the rentBudgeted Gas & Electric are $130/mo/unit for both utilitiesTaxes: $3462/yrInsurance: $600 - assumed to be going up after appraisalWater/Sewer/Trash: $137/moSteel roof just installed last year, siding have done on property, vacant unit has never been rented since renovation - completely new kitchen with new appliances along with an overhaul of the living room, bedrooms, and bath w/washer & dryer hook ups.30yr fixed loan @ $566/mo pymtDuplexPrice: $64900Two 3 bdrm 1 bth units - small bdrmsRents: $750/unit - both occupiedGas & Electric included in rent - same clause in contract as above - $135/moWater/Sewer/Trash: $78Taxes: $970/yrInsurance: $40030 yr fixed loan @ $283/moI think I can Net Cash flow this place around $200/unit/mo after I've set aside funds for maintenance and replacement reserves at around $300/mo total for both locations.
Jeff Lee
My Newbie Qs
12 June 2014 | 22 replies
Maybe a combination of using a CPA for a year or so and then flying solo?
Dave Grosse
Severe Mold Damage - My responsibility or tenant's negligence?
7 November 2013 | 14 replies
Tricky answer...the water bill is combined with mine(my primary residence is right next door) and has been high since we took over the property.