Keith J. Davis Jr.
How to protect your interest in a property with contractors?
4 April 2018 | 2 replies
Quick question, I've been looking at rehab projects with contractors and have been asked to disclose property information (asking price, ARV ect.)
Matthew Irish-Jones
First Flip Pictures Depew NY
6 April 2018 | 6 replies
Just need to refinish bar top and get contractor's tools out of basement.
Isaac Braun
Cost of Insurance, SFR
7 April 2018 | 20 replies
My insurance company charges a lot more if the the home is older and does not have documented updates to the electrical and mechanical systems.
Max Householder
Our First Investment Property: Year 1
9 October 2018 | 6 replies
I found posts like this to be helpful when I was first learning about investing in real estate, so hopefully someone on here can get something out of it.Our goals were to cash flow $100 per month per door, have a cash-on-cash ROI of 12%, and achieve a total return of 20%.Purchase price: $179,900Our loan is a 30-year fixed rate residential mortgage at 4.25%25% Downpayment: $44,975Mortgage Payment (Principal & Interest): $663.75Operating Income$26,435 scheduled gross rents (4 units)$(1001) vacancy$600 garage rent$11 interest$26,045 gross operating incomeOperating ExpensesProperty Management (10% of gross rents): $(2543)Leasing fee for new tenant placement: $(550)Sewer: $(1397)Water & Trash: $(1232)Lawn care/mowing: $(350)Gas & electric during vacancy: $(228)City occupancy inspection aka government extortion fees: $(183)Maintenance & Repairs: $(3594)Property Taxes: $(2009)Insurance: $(983)$(13,069) gross operating expenseNet Operating Income: $12,976Mortgage P&I: $(7965)Cash Flow Before Taxes: $5,011Cash-on-cash return: 11%Equity Accrued: $2275Total Return: $7286Total ROI: 16%We hit our cash flow number almost exactly at $104 per door while our ROI and total return came in a little under our projections, but pretty damn close.
Val J.
Itemizing Contractor Cost
17 April 2018 | 4 replies
The contractor has quoted me a price of $5500.
Shaun Alexander
Contractor wants more money
21 April 2018 | 14 replies
The contractor attributed to almost 3 months of the delays.
Duc Minh Tran
Unlicensed renovation and trying to sue me!
19 April 2018 | 2 replies
Though they will not come to check the job if they did not issue your electrician the permit before that.Just forget the hard lesson and use only licensed persons for electricity/plumbing- the mistake can be costly!
Sam Mitchell
Looking for a good general contractor in Chatt
5 April 2018 | 1 reply
I'm looking for recommendations for an honest, fairly-priced, and communicative general contractor for handling a few significant repairs.
Welles Chan
Looking for referrals in Worcester MA area
7 April 2018 | 2 replies
I'd really appreciate it if someone can refer me to investor-friendly RE agents, property managers, and contractors in the area.
Emanuel Vega
Things you would have liked to know when starting with rentals?
5 April 2018 | 10 replies
To piggy back off of @James Ma, build a network of realtor(s), plumber(s), contractor(s), electrician(s) and a CPA.