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18 April 2018 | 11 replies
Do do maintenance and repairs I've only been able to break even if not some loss
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10 September 2019 | 9 replies
I have seen Brandon use the BP calculators to get these numbers, which typically take into account 25% of the rent for vacancy, property management, repairs/maintenance and capital expenditures; while others (i.e. local wholesalers) calculate them without taking those into account (i.e.
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19 April 2018 | 15 replies
Learn the process, as towns have different procedures.
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17 April 2018 | 2 replies
I can assume based of the purchase price its in a C-D class neighborhood and isn't new so 5% for CapEx and Repairs is low.
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19 April 2018 | 2 replies
I need someone to take a look at it and give me an estimate so I can see if it is within my repair budget.
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22 April 2018 | 30 replies
I'm guessing that the people who have the wherewithal to repair the structure could be interested (eg., foundation company owners, house movers) and even if they have no interest you can make it worth their while to suggest WHO you should contact.
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18 April 2018 | 2 replies
The house does not need any repairs and is move-in ready.
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17 April 2018 | 1 reply
My experience with most wholesalers is that their ARV is usually massively inflated and the repair coats are massively underestimated.Personally, using the free websites : Zillow, Redfin, Trulia all in combination is enough for me to run my own comps.It might be different in your state but in NJ, there is really enough sales data point to draw a hard line.
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19 April 2018 | 8 replies
With turnover, there is cost - finding a new tenant, lost rental income, making the unit rent ready (paint, repairs, etc).
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17 April 2018 | 1 reply
I am finishing up buy/hold rental #6 and it will be listed for rent this week. 2 bed 1 bath 900 sq ft Purchase Price 45k Repairs 20k ARV 90k (appraisal pending) Rent: 950/mthRepair overview and photos here.....Repair/Photos