Michael D.
Capital expenses?
When modeling opportunities in the past I've used a simple 10% of gross to cover repairs, lumping everything together: carpet cleaning, faucets and roofs all in one bucket.
Now I'm trying to get a little bit smarter ...
Max Moncur
Garage Conversion - Options for leveling the floor
Hello all, I am converting my 784 sqft detached garage with a full bath to a 2 bed/1 bath unit. What are my best options for leveling the garage floor so I have a flat surface to begin the interior build out on? I can...
Greg Todrank
Variable Closing Costs
Do closing costs change based on the price of the property? I have been using $3500 for my current estimates. I recently saw a thread where people were quoting $10K on $200K properties as actuals.
Jake C.
Worth Installing Water Meters on Non-Metered Properties?
My approach has always been to avoid installing water meters on non-metered property. My thinking is that it is better to have a predictable cost (my average bill is about $950 for SFR's, including the garbage tax) vs...
Benny Gelbendorf
Figuring out electricity, water, sewer and garbage expenses
Hi BP'rs,I'm trying to figure out how to evaluate the above expenses as landlord for rentals, before jumping into the deal (for the BP calculator).Any idea how do I find those ? asking local realtor ? Any good website...
Sarmed Yokhana
Real Estate License
I have enrolled into a Real Estate Pre-licensing course. I have been offered to work with a broker who know that I'm a real estate investor. What are the costs $$ associate with being associate with a broker? Thanks!
Mark Sloan
Closing cost - How much?
Hey guys so I have a property under contract I found a very serious cash buyer but he is requesting that I pay closing costs. I would still make a profit but I just want to know what I'd be getting myself into by agre...
Praveen Balaji
$935 "Audit compliance charge" in Buyer agreement
My agent has sent an exclusive buyer agency agreement. I'm fine with everything in the document except for something titled "Audit Compliance Processing Charge". The agency requires me to pay $935 when the transaction...
Ophelia Nicholson
How I went over budget by 70k on a rehab.
Okay here it is 7 months in the making thanks to @K. Marie Poe @Bill G @Chris ClothierSo this post took me a grand total of 7 months to write.Purchase price $174, 000Hard Money loan $200,000Original Rehab budget $40k....
E. Jacobs
Estimating Repair Costs
Hi everyone- I'm trying to start my wholesaling business this summer but I must say I have absolutely no experience or knowledge about rehabbing or its associated costs. I want to be able to walk through a house and k...