Jimmy Alexander
LTR investing advice on low market rents in NEPA
13 November 2021 | 6 replies
Here's my breakdown of the current prop im looking at:Listing price: $130kunit 1: 3BR/2bath 1329sqft $700monthly rentunit 2: 2BR/2bath 1329sqft $700monthly rent2 car garage used by both tenantsexpenses: 239/month taxes, 200/month water bill, 100/month insurance + umbrella policy, 50/month garbage, 5%/5%/5% for repairs vacancy and capXWith the current rents of these long term tenants it makes $132/month cashflow with a 4.34%CoCROI.
Dmitry Shatalov
Renting out a basement unit in SFH
7 December 2021 | 2 replies
If this can be done w/o a building permit then step one.3) you will need water in both units.
Kyle K Walker
Converting A 1 Family Home To A 2 Family Home
10 November 2021 | 2 replies
Also look at water delivery capacity and sewer capacity as well as potential parking issues.Checking the zoning to be sure they allow a duplex would also be a good idea.Good Luck!
Jeffrey Hanson
increase my down payment with my HELOC? or not?
10 November 2021 | 4 replies
Anyway I have about $135k available on my heloc. sale price on the duplex is $279,000, so 20% is about $56k. the house is perfectly livable as-is, but at $60/sqft and properties on the block selling for $140/sqft i think there is room for some forced appreciation. the building is currently a three-floor duplex townhouse, one unit is the ground floor and unit two is the top two floors. all floors are basically the same floor plan. the second floor has a kitchen/laundry stacked above the first floor kitchen/laundry. on the third floor, the room is in the same place and empty, but utilities (water gas electric) are already run and in place for adding a third kitchen/laundry, so conversion to triplex would be simple as installing cabinets and appliances and building an exterior staircase up to the second floor rear deck. the three 2bed/1bath units would rent for $1000-$1200 a month each, conservatively. we would have to find somewhere else to live for that to happen, but that is our 1-3 year goal anyway. would it be better to make the bank loan smaller with a bigger down payment from the HELOC?
Benjamin Paul
Forced Appreciation BRRRR Model Issues...
10 November 2021 | 0 replies
My father has a 401k and is open to diversifying into real estate.Does my low income tax rate mean that the depreciation I may not be able to apply to this place is water under the bridge?
Benjamin Paul
Broken BRRRR DIY Depreciation Model
10 November 2021 | 0 replies
My father has a 401k and is open to diversifying into real estate.Does my low income tax rate mean that the depreciation I may not be able to apply to this place is water under the bridge?
Benjamin Paul
Forced Appreciation Lost Depreciation.... BRRRR
24 November 2021 | 11 replies
My father has a 401k and is open to diversifying into real estate.Does my low income tax rate mean that the depreciation I may not be able to apply to this place is water under the bridge?
Damon L. Davis
Hard Money needs SDIRA Custodian to sign my deal?
15 November 2021 | 4 replies
The SDIRA custodian has been resistant saying they don’t sign documents of this nature and the request is highly irregular.
Daniel Whiddon
16 Unit / 7 Property Deal analysis help? Please?
28 November 2021 | 5 replies
Unless you’ve got some system’s problem like a water heater or furnace.
Eron A.
Recovering underground basement pipes without concrete?
13 November 2021 | 1 reply
If you're talking about supply piping, if and when a leak occurs, there are pipe locating technologies available that can pinpoint a water leak so that a repair is relatively easy.