Vasudev Kirs
Question about cash flow calculation
27 April 2024 | 2 replies
Here are the details at a high level:Purchase price: 174,000Closing costs: 2,000Down payment: 20%Rental income: 1525Monthly expenses: 487 (insurance + tax)Maintenance: 128 (1% of purchase price)10% vacancy: 150Self-managingI am not sure what interest rate to use to get the monthly mortgage amount.
John Underwood
How are you spending on 3rd party software?
27 April 2024 | 10 replies
Im spending about $10,000 a month :0Obviously different running PM company, but:- PMS- Pricing- Automations (locks)- Web hosting- AirDNA pro- Docusign- EZCare- Channel Manager- LSI Tools- SlackProbably forgetting some.
Chris Diaz
Is Flip Coach by Ryan Kuhlman Any Good?
29 April 2024 | 64 replies
no kidding this is standard Guru tactics.. no way to verify this and now the OP is all gunho.. but hey give it a try its only money.I have been going to a few of my local REIA meetings and about once a month they bring in a guest who is presenting then pitches their program you can buy..
Franklin Marquette
Thoughts on Rent Controlled Areas in Los Angeles (Los Feliz)
27 April 2024 | 4 replies
This may take months at best to get them out.3) In the long run, economist has done studies that shows rent controlled markets show massive increase in rents.
Ben M.
Closing costs in a wholesale transaction
28 April 2024 | 13 replies
Your closing costs usually include Title insurance, possibly lenders title insurance if your HML requires it, you'll pay their points/origination fee, prorated interest for the month possibly appraisal fees or other fees your specific HML require and sometimes the appraisal is paid out of pocket ahead of time.
Sridhar D.
Tenant keeping apartment untidy and unsanitary
27 April 2024 | 7 replies
You are better off waiting until this renter is out, cleaning the place up, and then showing it vacant.Your lease should include something about the tenant maintaining the property, you should inspect every 3-6 months, and you should have consequences for tenants that fail to comply.
Z Brown
Carson fix and flip
27 April 2024 | 0 replies
This took about 3 months to complete but it could’ve been done sooner.
Don Konipol
Why I will no longer answer questions from the unknowledgeable
29 April 2024 | 113 replies
Over the last few months, I've received a handful of genuinely stupid offers.
Aaron Bard
Double Question: Raising Capital and Boutique Hotels...
27 April 2024 | 3 replies
Hey everyone,It's been a few months since I posted on BP.
Andrew Harrill
Citizens Energy - Navigating a $60k Drainage Dilemma: Permits, Pipes, and Public Road
28 April 2024 | 13 replies
As my partner and I did more research we found that this vendor had a different business name the previous month and had a lot of reviews that accused him of taking deposits and not doing the work.