John Lyszczyk
Why is Lumber so Expensive? (Part 2 - Update)
Hello All,I thought this would be a good time to write a follow up post regarding the current state of rising lumber costs and the supply vs. demand issues the industry is experiencing. Below are a couple graphs that ...
Thao Kieu
First time home buyer - Anything could go wrong did go wrong
Buying Our First Home Was Like Playing With FireWe are young and naïve, but we are also risk takers. That’s why decided to buy a colonial built in the late 1930’s for $310,000 in Totowa, NJ with 10% down payment. It...
Harold Groetsema
how does a contractor bid?
I just got a property under contract, and I have 2 contractors coming tomorrow for bidding the rehab. My question is how are they bidding? Do they bid all the labor and materials? Do they include the appliances? Do I ...
Andre' Arceneaux
Roof Replacement (Bait & Switch?)
I recently entered into a contract with a roofer through my PM company and I have some concerns. I have yet to receive the contract (received the estimate) for which Ij paid half ($4500) to start the job, though I hav...
Account Closed
New Member from the Canadian Rockies :) - Questions about whether Buy & Hold in BC is worthwhile?
Hi everyone, We are in a small town in the Canadian Rockies (Golden BC) and are looking into whether or not it is viable to purchase a rental property or two. We should have some extra cash in our corporation in the ...
James Maher
Actual Cash Value vs Replacement Value Insurance
Are there any kind of formulas typically used when determining if you want your landlord policy to cover replacement cost vs actual cash value?I am looking at 6 properties right now. On some of them, my purchase pric...
Mariama R.
Investing in Old, Large Victorian Homes in Cleveland, Ohio
Hello: I've heard that investing in Large Victorian Homes in Cleveland, Ohio by rehabbing them and renting them out to section 8 tenants generates much positive cashflow. However, how does one generate positive cash...
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What is a good formula for splitting profits on a property?
I am involved in a 3-way investment on a rental property and we are being forced to sell because of a DOT project. Our profit on this property will be approximately $75,000 and we need to figure out how to split this ...
Eric La Pratt
Cabinet for rentals: Stained or painted & where to buy in Chicago
I'm shopping for cabinets & vanities for 4 kitchens and 4 baths at the same time. I (currently) really love the look of the painted and frameless cabinets right now but I'm fearful that they will:Become dated soon...
Account Closed
To Replace the Roof or Not?
I had 4 different roofing companies assess the roof of my long term rental. All but 3 have recommended replacing the roof completely. It already has 2 layers of shingles, needs a cricket for the add-on chimney, new pi...