Seth V.
Analyzing Properties, Budgeting Repairs
9 September 2016 | 1 reply
Are these good ballpark estimates to base my search from?
Jonah Hillman
Is this a good selling strategy?
12 November 2016 | 8 replies
I guess each buyer will have to determine for themselves whether or not the LLC is financially beneficial based on the savings and benefits the LLC could provide them versus any taxation drawbacks.
Michael Kim
Made an offer, but starting to worry
9 September 2016 | 1 reply
Is this based off of some other sales price other than $60,000 each?
Bob Crane
All Electric vs Gas Furnace/Water Heater in Northern Illinois
14 September 2016 | 16 replies
It was not until I found a contractor who actually measured our house that I had an answer based on real data.My recommendation is to find a contractor who will actually give you data on your house to help make the decision.
Matt Bouwman
New Member Vancouver Canada
29 September 2016 | 2 replies
We are an Alberta based company, and offers a lot opportunities to purchase cash flowing properties in Alberta!
Michael Totman
Section 8 housing authorities aren't following HUD
9 September 2016 | 5 replies
What HUD lists as FMR and what your local Housing Authority will determine as rent reimbursement based on number of bedrooms can vary WIDELY (and often not to the landlords benefit).For example, HUD's FMR for a 3 bedroom unit for 2016 in my county is $997.
Zach Hubert-Allen
Which Podcasts do you recommend?
22 September 2016 | 21 replies
Yes, there are some people who do podcasts that are laser focused on a particular niche but based on what you said in the OP you don't seem to really have a niche yet which is why I say that by listening to the BP podcast you'll learn what other podcasts you should be listening to.
Amy Webber
Evaluating an opportunity to purchase office space?
23 February 2017 | 4 replies
Asking price: $245,000 - reasonable for the areaEstimated Monthly Rent under current leases: $2500.00 - on the low side of the range for the area but the tenant base is long term and stableAnnual Taxes: $5000Annual Insurance - Unknown/information requestedUtilities - Unknown/information requestedBuilding Owner pays for alarm monitoring,electric and water bills - have asked for monthly cost averages but do not have yet.Individual tenants pay their own internet and phoneDescription: 2400 sqft, brick building with a 10 space parking lot, good location Known upcoming repair is HVAC for the downstairs (est $5k), upstairs HVAC has already been replaced.Thank you for your time as well as your opinion on this deal, recommendations for additional questions, additional information etc.
Calvin Clark
Dallas 4-plex - Good deal?
2 December 2016 | 9 replies
Asking Price: $200,000Gross Rents (4 units): $2400 per monthExpenses: Taxes: $350/moInsurance: ~$200 (haven't gotten a quote yet)Vacancy (5%): $120 Repairs (7%): $168Capex (6%): $144PM (10%): $240Total: - $1,222Mortgage: - $787 (conventional with 20% down and fixed 4.25%) NOI: $2400 - 1222 = $1178Cash Flow: $1178 - 787 = $391 per month (10% CoC ROI)We feel like this is a pretty good deal based on our numbers, but want to see if we are missing anything?
Ehab Tadrous
General Contractor
18 November 2016 | 9 replies
Another thing to consider is that whoever you use will typically be based on the house and level of rehab.