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Streamline / Limited 203k Loan. Is it worth it?
Hello everyone,I'm trying to decide if it is worth it to use a streamline 203k loan to install central A/C and remodel some of the interior, such as raise the ceiling, replace the roof / gutters, and remove and paint ...
Kim Handelman
How do I calc rehab in a deal if long term tenants are in place?
Hi All,I have a lead on a deal. 3 family Gross rent $3325 Taxes $7,000. Building is old (built 1900) but mechanicals are fairly new (last 4 years) roof is 15 years old. units are horribly dated and will need rehab whe...
Kerry Baird
Hurricane Irma Damage --Claims process starts
Sadly, the entire ridge cap of an expansive copper roof blew off during Hurricane Irma. Water comes in through the venting at the roof ridge and runs under the copper. I called my agent, who is still out of power, a...
Marcos Carbi
What should I do about my insurance situation?
Hey all,I just got my first offer accepted on a 2003 duplex in Lehigh Acres, FL, and I couldn't be more excited! Unfortunately, the roof hasn't been replaced since, so insurance companies either 1) don't want to insur...
Chris Martin
Expectation on siding labor costs
I have a building that we are going to re-side with vinyl siding. It's the first one of five buildings. My plan is for us to provide materials and allow the contractor to do 'prep' and the labor installation. All pric...
Peter Johnson
Are uncovered parking stalls in Honolulu a good investment?
I am looking at uncovered vs. covered parking stalls in Warm weather cities like Honolulu. Any thoughts on uncovered parking stalls not being that less desirable than covered parking stalls in cities like Honolulu. ...
Jason Renner
Would you calculate less reserves for a condo rental property?
Hypothetically, if you are choosing to go with a condo as a rental property, the HOA (and for discussion purposes lets assume the HOA has solid and sound financials and isn't strapped for cash/using a special assessme...
Chad Mitchell
Post inspection counter offer when using an FHA or 203K?
Hi,I have a 4 plex under contract and just finished the inspection, which showed a number of things that need to be fixed per FHA requirements (e.g. electrical wiring, new roof, peeling paint, etc.). Current asking pr...
Trent Zimmer
Why am I even paying for insurance?
Building is 100 year old Main Street Mixed-Use Building. I pay about $650/mo for insurance. These buildings can be tough to insure because only a few providers will cover them. Last night, a tenant overflowed a sink ...
Ryan Armstrong
Handy man fell off roof. Sprained leg. Claims he won’t sue.
My handy man fell off the second floor roof to the first floor roof. He hurt his leg. It’s been about 8 days he still he a limp (according to him) and he’s losing work.
He says he’s not gonna sue. At least that’s w...