Are there any specific rules for saving/Accounting for Capital expenditures? I want to get a better understanding of how much should be put aside each month for Cap Ex. Also if it is possible is there an example that ...
So,I'm (finally) under contract and the seller has accepted my offer. Here are the details2bed / 2bath 1000 sqft Purchase Price: 98K, Seller paying 2K towards closing costsHOA: $175Vacancy: 1/12 (8.33%)Taxes: $400/ye...
I appreciate the fact that these tenants have stayed for 14 years. In recent years we have painted, replaced flooring, remodeled bathrooms (tile, granite, cast-iron tubs) , new appliances, new granite in kitchen. The...
Hello BP!I have been working with an architect and builder on getting drawings made and construction quote for a garage apartment and would love feedback on this deal.I live in the Houston Heights area. (For those no...
Hello Everyone, I'm a new investor who just closed on my first property about 2 weeks ago in Baltimore. I'm thinking ahead and plan to complete some much-needed renovation. The neighborhood is "C" class. My goal in r...
I have a 5 plex I'm closing on in GA. The current rents are below market rents. To get it up to the market, I would have to increase rents by about $500/month on each unit. 1 unit is in poor condition and is MTM so I'...
Investment Info:
Other other investment.
Purchase price: $997,000
Cash invested: $450,000
In 2019 the property was rebranded from a Ramada Inn to the Baymont Inn and Suites (improvement). The Ramada...
Hi there! I’m an aspiring investor with no experience. Pre-pandemic I was wanting to buy a vacation rental near Disney. Unfortunately those plans had been put on hold and when looking at listing recently I am seeing t...
Hi All! My wife and I are in Vancouver, WA and are small time investors of SFRs and two Duplexes, totaling 10 units. I have decent W2 income and I plan to continue working for at least 5-10 years. With interest rat...
How long do you need to wait to REFI an FHA into conventional? Purchased duplex about 4 months ago and would like to use another FHA to buy and move into another duplex about 20 miles away in a nicer area. I understan...