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12 September 2017 | 5 replies
If they actually look at a property, they're looking for thing like roof condition.
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9 September 2017 | 5 replies
How are conditions where you're at?
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16 September 2017 | 1 reply
It will end up saving you both a lot of time and increase efficiency.
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10 September 2017 | 4 replies
I have a duplex that I am currently house hacking, which should cash flow about $400/mo when I move out, but am looking at the possibility of adding another bedroom or bath to one of the units, as well as possibly adding one or two units which could potentially increase the cash flow.
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10 September 2017 | 6 replies
Or you can just buy commercial grade mold killer at Home Depot and DIY.However, no matter if you hire a service or if you do it - the mold will likly come back if you don't correct the condition it got it to flurrish.
13 September 2017 | 5 replies
You'd likely be able to increase rents for that property with renovations, but the higher quality tenants would be hard to come by.
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3 October 2017 | 10 replies
Up date one side by adding additional bed and bath (the other has already had this done and is in excellent condition)ARV: 475-500KMonthly income: $3200Monthly expenses: $2283 (mortgage, fixed and variable expenses, future assumptions) see below-monthly P & I: $1622- fixed expenses: $340/month (water/sewer, insurance, property taxes)- variable expenses: 2% vacancy ($64/month) , 5% repairs & maintenance ($160/month), cap exp 3% (96$/month): No property management since we do this ourselves for our rentals.- future assumptions: 2% annual income growth, 5% PV growth, 2% expenses growth, 6% sale expensesBigger pockets tool sheet with above data:Cash flow: $916/monthCash on Cash ROI: 6.65%-7.57% depending on rehab costsPurchase cap rate: 7.15%I know this does not meet the 2% or 50% rule but it seems like a good investment for the area.
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19 September 2017 | 13 replies
Have a repair list with pictures - If you are truly gonna tell me what you think the repairs are going to cost you should have a list of repairs with some pictures and/or video showing the conditions of the property.
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5 December 2018 | 7 replies
-Once brother saw that the place was underwater like whoa and its condition, he said "no way, Jose," and said he would just let it go back to the bank, and wiped his hands clean of the whole situation.
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14 September 2017 | 15 replies
I've increased my offer but I dont expect the seller to accept it.