Trisha Kirby
Please check my math
2 March 2024 | 2 replies
https://imgur.com/a/NkMC65J
I am considering house hacking by buying a duplex to live on one side for about 3 years. To purchase it, I would be using equity from my primary home which I plan on renting out. I think I...
Brooke Morton
Looking for a construction loan/lender
4 March 2024 | 13 replies
Check with Joshua at Nantahala Bank.
Nicholas Falbo
Hello Chicago RE Investors and Enthusiasts
5 March 2024 | 8 replies
Check out BP Podcasts: https://www.biggerpockets.com/podcast Best of luck on your REI journey.
Aaron Brown
Property Manager in Indianapolis
4 March 2024 | 31 replies
One property management company you should check out is Ethosity Property Management Group.
Kay Nemen
Is it common for property management companies to charge these fees?
5 March 2024 | 15 replies
You can also check their reviews online at Google, Facebook, or Yelp.
Justin Goodin
Full Breakdown: Operating Expenses
3 March 2024 | 2 replies
These numbers should be determined using a combination of the historical financial data available, feedback from your property management company, your business plan, and the property characteristics.Generally, you can expect per unit numbers like this:Repairs & Maintenance: $200 – $500 per unitAdministrative: $150 – $350 per unitUnit Turnover: $200 – $300 per unitContract Services: $200 – $500 per unitUtilities: $800 – $1,200 per unitAdvertising $100 – $300 per unitPayroll $1,000 – $1,600 per unit (very market specific)Insurance: (very market specific)RE Taxes: (very county specific)Again, these are very general per unit numbers but they should help provide you with guidance.
Hector Serna
Looking for negotiation advice
4 March 2024 | 6 replies
Upon checking out the home, I felt comfortable offering 240k and no credits due to my prior experience of checking out homes in the area.
Jason Meissner
Do Rising Construction Costs make High End PreFab Like Dvele.com a good idea?
4 March 2024 | 4 replies
Checked out their website...looks very interesting!
Tosin Omoba
Need a platform for collecting rent from tenants
5 March 2024 | 8 replies
Find the local bank with the most branches and have the tenant make direct deposit there - no personal checks.
Baahir Starkey
Where Should I Start
5 March 2024 | 13 replies
I understand you're looking for a good area with good growth at a good price in the Tri-State Area but if the numbers aren't making sense, it could be worth check out the market in the Midwest specifically in Ohio.