Lakshay G.
Need opinions of experienced investors and landlords
19 March 2014 | 8 replies
The electric bill is paid by tenants but water and heating bill is paid by the landlord.
Andrew S.
100Amp enough for a 750sqf 2/1 unit?
20 March 2014 | 9 replies
Current electricity supply is 100Amps for each unit.
John M.
My First Multi-Family
4 December 2014 | 19 replies
It was recently renovated: (plumbing, electrical, appliances, kitchen/bath).
Michael Whitener
Getting my team together/ What I have done & what do I do now?
4 April 2015 | 14 replies
I already know plenty of contractors and can do most any part of a rehab besides major electric and plumbing.What I should do now...I am asking you guys that question.
Fred Conway
Most expensive metros for new builds
21 April 2015 | 2 replies
One or more of the cities in LA/SD has 1 inspector per trade, that means if you call for inspection on plumbing, electrical, fire, you will get 3 inspectors while some cities only one.
Matt Carpenter
Deal Diary for Dummies: Wholesaling, Flips & Rentals #1 - Tucson, AZ - 2 beds, 1 bath
25 August 2015 | 20 replies
We will have to gut and redo everything (electrical, plumbing, kitchen, baths, flooring, etc.).The Investment Purchase Price: $62,000Remodel Cost: $105,000Carry Time: 6 months (4 months for remodel and 2 months to list and close)Finished Product: 4 bed, 2 baths - approx. 1,900 SqFtOption 1: Flip ARV: $230,000Actual Sale Price: $211,000 (230,000 - 19,000 closing costs [2%] and RE commission [6%]) Profit: $44,000Cap Rate: 26.3% (44,000 / 167,000)Yearly Return: 52.6% (44,000 x [12mo/6mo])Option 2: Rent Estimated Monthly Rent: $2,100Annual Rent After Expenses: $17,640 (2,100 x 12mo x 0.7)Expected Return: 10.6% (17,640 / 167,000)Before PicturesFollow this post for regular updates and to see the finished home!
Carrie Giordano
Diary of an Out of State SFH Rental -Northeast Ohio
8 December 2016 | 64 replies
When my inspector got there the house hadn’t been de-winterized and all of the electrical fuses were in the off position so none of the water or electric could be inspected.
Kishore K.
Rehab 6000 square feet house
13 September 2013 | 4 replies
Hi,What would it cost to rehab a 6000 sq feet house with Viking sub zero appliances, hard wood floor in all areas , finished basement, tray ceilings, iPad controlled audio, tv, electrical system, new roof , ultra luxury bathroom (s)with Carrera marble, extremely energy efficient windows and walls, cat 6 cable wiring everywhere.House is 6 BED6 BR with all brick and stone on outside with everything else gutted inside .Lot size is more than half acre.Please ask any questions if I have left any details.PS Similar houses in that subdivision which are > 25 years old sell for 1.7-2 million.PPS I was planning to build new house on a vacant smaller lot, but since new property came up have decided to explore it.Thanks.
Harvey Greenstein
buying first multi-family
9 October 2013 | 8 replies
Well the other thing to to take into consideration is utilities, make sure they are broken up ( separate gas and electric meters) I own properties that don't so you just need to bake the extra cost into your numbers.