Brad Simmons
Calculating NOI to arrive at Cap Rate
28 June 2016 | 10 replies
Other deductions show line items for carpet, glass, appliance repairs for a total of $ 3,477 or a PU cost of $109, which is very low.Repairs expense might be coded to Supplies of $6,961, but you will want to understand what is being allocated to Supplies.Are you planning to self manage or have a 3rd party manage?
Rosston Smith
Home Insurance (Help!)
24 June 2016 | 5 replies
You will need property insurance to cover your building or structure, then you need coverage to protect the household items you might provide to tenants and finally you need to protect your own personal property in your occupied area.
Adrian Valdez
How should I spend my tax return to get a first deal?
1 December 2016 | 4 replies
You can return your items if you can't sell them.
Jason Deck
Illinois landlord laws
15 December 2016 | 14 replies
Fix the items as quick as possible for your Tenants if they raise an issue.
Danick St Jean
Rental Purchase in Memphis Tennesee
11 December 2016 | 10 replies
Much success to your investing endeavors.https://www.biggerpockets.com/renewsblog/3-important-due-diligence-items-buying-turnkey-rental-properties/
Chris O'Connor
First Multi-Unit Move (4-Plex) Deal or No Deal?
13 December 2016 | 12 replies
IMO two of the most important items for having successful investment properties is to buy smart, and to have a good lease.
Scott Gammenthaler
NEW INVESTOR: Buying a duplex
15 December 2016 | 7 replies
as far as amenities, I'd say look at real estate listing in the immediate are and see how they are configured.Also consider how long you will own the property. 5/10/30/50 years. the longer you plan on holding the property, the better (longer lasting) items you should plan on putting into this property.
Steve Rozenberg
Managing Maintenance Requests
21 July 2016 | 2 replies
Requests are processed in the order they come in, but the level of priority bumps it ahead of all other items in the lower categories.
Mindy Jensen
Looking for Real Estate Flipping Success Stories! (with pictures)
29 September 2016 | 13 replies
Repairs 763.00 Windows 800.00 Carpet 1,200.00 Garage 110.00 Landscape 650.00 Trees 636.00 Lowe's 2,396.00 Home Depot 2,140.00 Home Emp 304.00 Surplus WH 783.00 Ikea 405.00 Best Buy 732.00 Home Depot 2,448.00 Walmart 181.00 Overstock 160.00 Target 110.00 Subtotal 29,219.00 Holding Costs Duke 9/25-5/9 1,208.00 Water Works 380.00 Cable Wifi 45.00 Simplisafe 175.00 Insurance 679.00 Taxes (prorated) 1,244.00 Subtotal 3,731.00 Misc Alarm system (included in sale) 290.00 Water meter 233.00 Cinci Alarm fee 50.00 Subtotal 573.00 Total Renovation/Holding costs 33,523.00 Total Investment 66,523.00 Net Sale proceeds after commissions, taxes, fees 98,485.32 Paid to seller (separate as concession to new owner for new windows and a few other items) -3,000.00 Paid Home Warr - AHS -435.00 Actual Proceeds 95,050.00 (Minus Investment) -66,523.00 Total Profit 28,527.00