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Wondering if anyone has any input on implementing RUBS for their property. I'm soon to close escrow on a 45 unit building in Central California (Bakersfield) and of course I'm looking to reduce expenses so I'm consid...
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So, I've owned a residential property management company since about 2000 and when I started it was literally with paper, pencil and Excel. No cell phones, no texts, no online portals and rent payments, no electronic ...
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Hello BiggerPockets,My name is Steve Kim. I’m a 32 year old working/living in the chicagoland area. I was born and raised in the north suburbs and currently residing in the west suburbs. I've always been interested in...
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Know your market completely.
You need to know every sale, every comp, every rental, what properties are under-rented, what properties are over-leveraged, what that property sold for in the last cycle, the vacancy in...
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Don't have a lot of knowledge regarding filing taxes but last year I partnered with a family member on a deal I found in Northeast Ohio, close to where my new Job was. It is a duplex, 2 buildings one lot, long time se...
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I can buy direct from an owner a 3 family at 155K. Here are the rents, $800, $750, $550. All rents without utilities. Taxes $350 per month. Estimate on insurance $150 per month. Not sure about maintenance, snow, lawn...
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There are 10 sfr for sale as a package deal.($169,000) All 2 bed 1 bath houses. All homes one the same street and on three parcels of lands. Tenants pay all utilities. All homes currently rented for 400 to 500 dollars...
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I love it when I don't quite remove all of the wax ring during a bathroom remodel, then step in it and track it all over the house. Or worse yet, step in it with bare feet! Yes, I know, no bare feet during constructio...
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If a new real estate investor approached you for advice, and said they had bad credit they couldn't get a loan, they have less then 5K for a down payment and are also only making minimum wage but wanted to get into re...
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Just curious how everyone calculates multi units? I’m trying to wrap my brain around a best practice for myself.Do you add %for capex, repairs, etc for each door?What’s been your experience? Best strategy?I know prope...