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1 May 2020 | 9 replies
No one here on BP can see the financials(unless you can screenshot them for us). without that - we can't provide much support.
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2 April 2020 | 3 replies
. $1,305.65 monthly payment.Four 2bed 1 bath units currently rented at ~$750/month, researching rents supports charging $1,000 month rents.Total Annual expenses: $3,920 Tax (actual), $1,000 (insurance), $1200 water (actual), $800 trash (actual), Capex/reserves $2,400 or $9,360 annual expenses. $9,360+ $15,667 = $25,027.Gross Rent- Gross annual expenses ($36,000-$25,027= $10,972)CoC= $10,972/$100,000= 10.97% on current rents or 22.97% at marketMy goal is to get the rents to market.
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2 April 2020 | 8 replies
Don’t over analyze if the comps don’t support your ARV; don’t use them.
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8 April 2020 | 13 replies
This essentially shifts the company's overhead office expenses onto the employee and further supports the previous point, that employees are going to value their home space more. - I completely agree with @Sarah Brown that just as companies are being forced to work remotely, there's a potential balance between completely WFH and a dedicated office with mixed-use coworking spaces.
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2 April 2020 | 7 replies
@Dennis DayIf the tenant had a need for the discharge, you need to support him.
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3 April 2020 | 3 replies
I'm thinking we all may be able to help and support each other now and in the coming months!
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3 April 2020 | 7 replies
I’m working from home supporting international assets so my days are free for researching, webinars, analyzing deals etc.
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2 April 2020 | 1 reply
That plus all over monthly expenses (supporting my family) takes me to almost $9.5k overall monthly expenses, so more than I'm taking in by about $1k per month.
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3 April 2020 | 6 replies
In those three months I’ve encountered numerous issues with the condo (leaking drain, Furnace repair, AC repair, and a few small issues).
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14 April 2020 | 6 replies
For the beams, joist and rafters, you may have to support them in various ways.