Ryan Arsenault
Questions to be asking...
3 November 2021 | 6 replies
What are the estimated rents that I can collect?
Monique Pett
Newbie RE Investor.. Looking for advice
22 October 2021 | 7 replies
Happy to provide you with averages for vacancy, what I use for maintenance, taxes, insurance and can even send you some videos on how to best estimate rent rate here haha!
Sammy Brooks
Sell or cash-out refi?
11 September 2021 | 5 replies
So the upside is a bit larger initially for a sale versus cash out refi.With refi, payment would come out to roughly $750/mo for mortgage, and estimated rent payment at $1100.PM comes highly recommended, well known to business acquaintances and family.Re: 1031, we already would have someone lined up in TX, if we decided to go that route.
Craig Parsons
Mixed use with Mini Storage Is it a reasonable Idea?
15 September 2021 | 7 replies
I honestly do not have firm numbers for building out the downstairs for rental but my estimate based on experience would be around 75-100k depending how much work I did myself.
Noah McPherson
What's a safe amount of leverage and reserves?
12 September 2021 | 4 replies
I'd rather have an 80% LTV 30yr fixed conventional than a 50% LTV HML or toxic neg am, commercial, private or seller-financing not conveyed to you properly.Reserves, in general I carry 3 months debt service plus estimated repairs and cap ex for the year.
Dominick Galinis
Paralysis by Analysis
13 September 2021 | 13 replies
Buying a property is the easy part.Seasoned investors sometimes make errors on renovation cost estimates, myself included.
Nicholas A.
Fully Gut Rehab Estimate / Contractors
10 February 2022 | 3 replies
Hello,
I’m seeking a referrals for full gut rehab contractors in Dallas. Specifically for Single Family Homes in the Bishop Arts District.
I am looking to purchase a house close to my current STR to and need to get ...
Justin Megna
Expenses or debt service? How do rental esimates work?
13 September 2021 | 3 replies
I understand that a typical rental analysis takes the monthly rental amount, sets aside 5% for vacancies, estimates 50% for expenses, and then makes sure the remaining 45% pays debt service and leaves a profit.But I've noticed that mortgage calculators often include insurance and tax payments in their monthly mortgage payment estimates.
Hunter Nelson
BRRRR Questions: Low Down Payment Possible?
20 September 2021 | 7 replies
I've ordered the BRRRR book from BiggerPockets, and I've listened to BP Episode 327 where they do a BRRRR deep dive where David softly advised against this (@ 1:19:48 in BP 327) because it wasn't efficient, but I wanna learn more and see if it would be a good-enough way to get into real estate for someone in my position.I'm estimating that by the time I'm ready to buy--November 2022--I'll have $70,000 (not including my emergency fund) in cash for everything: cosmetic-only renovations, initial down payment, closing costs, etc.
Sam Abe
Tenant illegaly sublent and now causing mold problem
12 September 2021 | 1 reply
The property is in distress due to the living there and we have thousands of dollars from mold estimate just to remedy which doesnt include the thousands it will take to refix the things they throw out and cut.