Cory Melious
Seeking advice on first BRRRR purchase
Hey y'all;I'm looking for some advice on my first rental property purchase. The plan is to purchase this place for about 25k under value. It needs about 5k worth of repairs and a tenant in one of the 3 vacant units. A...
Anthony C.
Tips for New Investor
I am closing on my first property in a couple weeks. It is a fully occupied duplex in Rochester, NY. I plan to self-manage and eventually house hack once one of the leases expires.I would love to here any last minute ...
Christian Bors
What to do during insurance claim and bad weather?
Despite being a very gentle winter on the east coast, the past month has caused me several headaches. The problem I am dealing with now is the following;About 3 weeks ago, my area had an excessive snow fall over 30+ ...
James Babin
Asbestos Roof Replacement/Public Adjuster
In a stroke of bad (but potentially good) luck my property was hit by a tornado and a fair amount of damage was caused to the front porch due to an oak tree falling on it. The roof of the porch is asphalt shingle whi...
Robyn Henderson
Leaking Roof in Condo Building - How to proceed?
This post is for a close friend of mine who has been having to deal with this issue for more than a year and asked me for guidance. I'm hoping that I can get some advice from the forums. So my friend owns a top floor ...
Shital Thakkar
Property damage before closing
Hi,
I am in the process of closing one single family property and during short sell process (3 month) Roof of the Property damaged because of the storm. Who need to repair that damage..? bank or short sell person, ho...
Alan Hicks
Turning a new leaf...
Alright. Previous tenants have moved out of my rental. Was paying $1150 vs. a mortgage of $941. So not much meat there.I had 2 options..1. Double my cash flow by raising the rent to $1350/m2. Just sell the houseI crea...
Kyle S.
Should I purchase this duplex?
Hello all,I was hoping you could assist me...I am looking into purchasing a duplex and please let me know your thoughts if this duplex is a good purchase.List price: $117,500Current tenant occupied: Each side pays $75...
Mark Monroe
Recommendation on Cash Reserves & Vacancy Rate
8,080 Sq. Ft. Office/flex (22 Units)
$900,000.00Yearly income $103,000What’s a good guild to use for a commercial office building,
1. Cash reserves
2. Vacancy rate
Bill Schrimpf
50% Rule and Condo HOA
50% Rule and Condo HOA
The 50% rule looks like it’s a rule of thumb for properties where the owner would be responsible for a long list of capital and operating expenses items such as roofs, HVAC, landscaping...