Michael Lenahan
Actual Value vs Replacement Cost Insurance
Hi, Anyone have any experience with replacement cost insurance?I'm considering it on my 4 houses in west Philadelphia. I currently have a landlord policy with Allstate that has actual cash value. The quote I got with...
Gulliver R.
Typical Monthly STR expenses
Hi All,
I'm doing some STR research prior to buying a property to use for vacation rental and I wanted to hear from you all what are the typical STR monthly expenses? I can think of mortgage, taxes, insurance, STR in...
Curtis Shotliff
Adjusting Price For Severe Weather?
Good afternoon,
I was going to put an offer in on a Bank owned home near my work. However, on Thursday a tornado went overhead (didn't touch down in town) and did severe damage to the property I wanted to put an off...
John Teachout
Another discovery of dumbness by a wannabee builder
So I found the attic vent. Was going to blow it out to clear it after insulation was blown into the attic and after a couple of "where is it" puzzled moments, I discovered it had been sided over. This attic has limite...
Kevin Hunter
Insurance for Rolled Roof-Chicago Duplex!
Hello BP community, I'm in the process of closing on a Multi-family-2 Unit in Chicago....I've had no issue in the past of getting my insurance company to cover duplexes with a rolled roof, I just found out today, they...
Christopher Parsons
Where do you keep expenses?
Hey everyone,My wife and I are hopefully closing on our first BRRRR deal and I had a question for those who are rental investors. Where do you keep the money from rent that you set aside for expenses? Do you set up a ...
Lee Melvin
Having an emergency fund for repairs etc. 50% rule....
For some reason I do not like the thought incorporating the 50% rule when looking at cash flow etc.
Id rather just have a large enough emergency fund and deal with problems when they come up and not include t...
Erik Howard
How much cash reserve should I have per rental?
Hello, I'm brand new to bigger pockets. So this question question has most likely been answered already. But here goes! My wife and I are considering buying a duplex. Built in 2004. We plan to use an FHA loan and 3.5%...
Goredy Tess
Investment profit analysis
Hello ALL,
Its been 2weeks since I have joined this forum, I am doing a lot of analysis on several properties, but every property gives me an COC negative value, negative cash flow but the ROI 33%.
I am giving 10% f...
Kim Heretick
Labor of Love Flip? Closing in 5 days
I close in 5 days on a 1927 beauty in Toledo, Ohio. REO will cost me $99k and ARV is $195k. 2300 SF, 3/2.5, 2 car attached garage.Previous owner installed PEX plumbing but didn't pull any permits. I'm nervous about...