Greg Scully
Question For Syndicators
When projecting your returns to present to investors, do you use the NOI before or after Cap Ex reserves and asset management fees? Specifically the sales price.Thanks,
Account Closed
Correctly rejecting a tenant for a previous eviction
What is the correct procedure for rejecting a tenant's appliction for a previous eviction (California)?Suppose that a tenant fills out a rental application. The rental application states that the tenant has never been...
Mike Conner
New to BP but love the resources-Question about closing costs
I just wanted to say Hi, I'm a new member and have been gobbling up all the info I can find on this site and going through the podcasts which are great btw. Currently I own 2 duplexes (4 units) for buy and hold and am...
Hai Le
Charging flat rate for utilities
Is it legal in Oneida County in Upstate NY to charge tenants a flat rate for utilities? Example $1300/m for rent + $50/m - water $50/m for gas/eletric
Jon Begley
Can I expense the labor portion of a capital improvement IE: Roof
I am getting ready to have a roof replaced ($8,500) and the estimate list materials and labor separately. I know the roof would be a capital improvement but it got me think that labor isn't a depreciating asset. That ...
Geoffrey Pierce
To Add Non-Ad Valorem, or not to add Non-Ad Valorem in escrow?
We've always had both Ad Valorem and Non-Ad Valorem taxes collected in our escrow impounds by default (not at our request). Our new mortgage does not include Non-Ad Valorem (special assessments like trash) in the impo...
Joe Young
First Investment Purchase?
Hey everyone,
I am looking to purchase my first building and would like some counsel from experienced investors. Attached at the bottom of this post, you will find a link to a calculator where I have input all of ...
Susie C.
Online Cost Seg Companies for Residential
Anyone use online resources for cost seg? Cost is ~ $400-600 vs $1500-2000. I own a condo and SFR I want to cost seg. Companies I've found and the cost they would charge for 1 property under 500k
KBKG - $450 - (audit...
Andrew Whicker
Potential Duplex
Hi,I have a duplex in contract that looks pretty good. Here's my dilemma:When analyzing your CoC, do most investors include roof and windows in their cost? I see these items as big dollar repair items that happen on...
Chris Pelletier
I think I found a winner!!
We found a 2 family property asking 115K. We will offer 85K and keep out fingers crossed he accepts. We have spoken to a contractor, for rehab. His estimate is 70K, that includes turning it into a 3 family and add...