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22 October 2020 | 3 replies
I would like help estimating expenses, I plan to self-manage a multi-family unit and set aside 20% of my profits for vacancies, repairs, maintenance etc.
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28 October 2020 | 6 replies
@Mike BianchiIt won’t let me put the chart up so I’ll try to word it out Rough estimates Purchase 1,300,000Down payment 30% Mortgage $5,838 Income Lot rent - 23 units X $400 = 9,2002bed 2 bath 18 units X $375 = $6,7503bed 2 bath 5 units X $450 = $2,250Vacancy 12% = $2,184 Expenses Insurance $670 Utilities $ 1,121Administration $ 170Managment 10% = $1,602Repairs 13% = $2,100 , $1,000 per unit per year Reserves $500 Taxes $565Other $860 Cash flow - roughly $2,700 Trash is part of the taxes County water Private Septic
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29 October 2020 | 10 replies
He won't give a bid on the entire project... he just gives me a "not to exceed" bid for labor only (although he always exceeds it by quite a bit) and leaves the material estimating and purchasing up to me.
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30 October 2020 | 6 replies
Does anyone have a material price estimate sheet for items like flooring, paint interior/exterior, and basic wood siding etc. or have a suggestions as to where I can find one?
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30 October 2020 | 2 replies
, and I would "estimate" things that I didn't know that also weren't relevant to the application, weren't going to have to be documented, and that didn't matter.
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1 November 2020 | 10 replies
If your estimate is that you would need 20 days per month occupancy to make the Airbnb do well, I'd avoid that.
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31 October 2020 | 9 replies
Then I always get at least 3 estimates for the exact same scope of work.
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30 October 2020 | 0 replies
Hello Everyone,I’m reviewing a deal, 24 units with Low occupancy (50%) and i’m having trouble to estimate what I should offer.
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30 October 2020 | 1 reply
I would estimate I could increase profit by a couple hundred dollars a month.I am reading BRRR, so another option would be to refinance and take the cash for a down payment and try to find another rental.
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29 January 2022 | 92 replies
I often see people using a percentage of the gross rents as an estimate for repairs & maintenance.