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15 August 2018 | 9 replies
@Peter Padalino - couple suggestions, as I've been in your shoes. 1) Go crazy on energy efficient items - all LED bulbs, NEST or EcoBee thermostat, etc, etc. 2) Get someone to quote solar power for the roof if you have APS - I went solar and LOVE IT for rentals.
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15 June 2018 | 18 replies
I project manage now, which isn't necessarily easier or better, it's just more efficient with my time as I have other businesses that generate revenue, including new construction/custom remodels and a thriving real estate agency business.Contractors have always been the biggest challenge for me in the business.
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7 June 2018 | 10 replies
This "deal" is clearly cash flow positive and will be a nice addition to the portfolio.Insurance= 250Vacancy= 415Maintenance= 250Mortgage= 1500Management= 350Taxes= 800Utilities= 100Capital Expenditures= 250
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6 June 2018 | 6 replies
On my end though, I do feel like I can handle the additional responsibility of managing the fourplex.
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9 June 2018 | 4 replies
This may be a simple question but curious in today’s climate of rising interest rates (mid-2018) , does it make sense for long term buy and hold investors to pay for points to buy down the interest rate or keep the cash on hand instead for additional properties.
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19 June 2018 | 6 replies
My bid for wiring the two units is about $10K and then there are some additional charges for the external panels, the garage, etc.
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13 June 2018 | 4 replies
Efficiency will be paramount with this property, especially considering that natural gas is not an option.
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13 June 2018 | 3 replies
In addition, I would recommend posting your screening/income requirements in your ads!
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14 June 2018 | 1 reply
I do know that lending can be complicated with a sponsor and a less experienced person on the deal, but I know a good lender to go through, so I am confident that it will be possible to overcome that obstacle.In addition, this is a relatively small deal.
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12 June 2018 | 2 replies
Or does it mean any additional fees through closing would be paid by the Seller?