8 September 2014 | 12 replies
I doubt repairs are only 2,880 per door with 104 doors.Carpet and paint alone depending on unit sq ft size would eat up 2k a door.I haven't even gotten to mechanicals or the exterior parking lot, roof, windows, water and sewer laterals, and a host of other issues depending on when the property was built.You can have big rewards but huge losses if you do not have the experience.
5 June 2015 | 9 replies
In rehabs, landscaping hits diminishing returns very quickly and has the potential to turn away buyers (i.e. if I saw a water feature that I would have to pay to maintain, I'd move on to the next place.)
12 September 2014 | 14 replies
Except maybe to update the water heater just to make sure that they wont break down shortly after a tenant moves in.
8 September 2014 | 0 replies
I am testing the waters to see if BP members think that I would have any trouble selling a duplex, in a small town, completely renovated with brand new, quality Section 8 elderly tenants in place.
19 September 2014 | 10 replies
This is as far as I've gotten myself.I am about to call city for more info on the lein, owed taxes, water & sewer companies as well for balances.Any other suggestions?
8 September 2014 | 4 replies
They're happy right now, did it because they want to keep their home, and are usually under water.
6 June 2015 | 12 replies
I have all the calculations in place to have all the necassary payments such as mortgage, taxes, insurance, management company, and water.
9 September 2014 | 2 replies
Is this park on city water and city sewer?
5 October 2014 | 19 replies
Hopefully you dont have LP siding since I've seen it commonly get water logged and start to split at the seams.
8 September 2014 | 3 replies
The numbers are as follows:Sales price: $115,000Insurance: $452/yearTaxes: $1252/yearUtilities (gas, electric, water, sewer, trash) (Unfortunately two of the units share a meter, so these are paid by the landlord for simplicity sake): $300/monthRents: $1645/monthThe roof has been replaced within the last year.