I have an opportunity for to buy a 16 unit apt. complex. 14 unit is 2/1 ($395/mth), 2 unit is 3/1 ($575/mth), tenants pays their own utilities. It's in a low income neighborhood (not war zone), no tenants are sectio...
A few questions. I'm very interested in this home and I am not including the valuables in the value of the property. This is a single family 3/1 home. Has furniture, beds, etc. 1) Should I value those items?2) I...
Fannie Mae Homestyle Renovation Loan vs. FHA 203(k)
The FHA 203(k) is the most widely known renovation loan, but did you know about the Fannie Mae Homestyle Loan?
Here's how they break down:
Fannie Mae Homestyle
M...
I am going to look at a duplex this week. The seller told me that he has remodeled the upper unit and the lower unit was remodeled a few years ago. The roof is older and needs repair in the next 2-4 years. I am lookin...
How do you treat historical capex of a property in your own valuations of a property?In theory, one could argue that the average historial capex (both maintenance and expansionary) per year for a time period of 5-20 y...
Hi, I purchased a property from a wholesaler who kept telling the sellers to get their stuff out and they did not. So now I have a property that I just closed on that has a tv, sofa, beds, entertainment system, all ...
Hi everyone! I’m looking for a contractor in St Petersburg to do my next rehab project. Does anyone have any good recommendations ??
For buy-n-holds, if you take a portion of your collected monthly rent to place into reserve accounts for items like future vacancy, repairs, cap ex, etc., do you NOT include that money in your final earned cash flow n...
I am a new investor in the Chattanooga, TN area. I am currently looking at a single family home, built in 1900, that needs a complete gut job. I am looking for a good rule of thumb for estimating the gut job in my m...
I am starting an internship with my local realtor this summer. What are things I can be doing now to prepare for it? I want to make her say WOW at my work and what I already know.