Joseph Dain
Wetumpka Property - Keep or Sale
I currently own a property in Wetumpka, AL. Should I re-finance and keep, or sale, to get a better property.Original mortgage $142k @ 4.75%Current value $145k-$155k------CURRENT------Current mortgage $129k : $930 / mo...
Katrina Edwards
House Hack Opportunity in San Jose, CA (Silicon Valley)
Hi everyone! I was approached by a client yesterday who is planning to sell her triplex in San Jose, CA close to SJSU. I think this is a perfect house hacking opportunity for someone.Here are the details:List price b...
Joseph Sasotona
Quadruplex Deal Analysis - House Hacking for 1 Year
When you are analyzing a deal, do you always put 3-5% or more on CAPEX, Vacancy, and Repairs and Maintenance? My Current plan is to house hack and self manage this quadruplex. Do a 3.5% FHA loan, live in one unit for ...
Camren Ritchey
Deprecation when analyzing deals
Hello everyone,I am looking to purchase a duplex in Lewisburg, WV. It has 2 bedrooms 1.5 baths on each side. I am in negotiations about the purchase price of the duplex. I have been running the monthly cash flow using...
Lauren Heinen
Number Crunching/Underwriting with Cleaning Fees
Hi! We have moved our market to New Mexico mountain ranges for STR purchasing. These houses are a lot cheaper, and therefore bring in less income. I am looking at some seller financed deals at <5% interest rate, bu...
Kim Knaust
Expectations from a GC
Hi,
Can you all tell me what the normal procedures are when you work with a GC?
1) Do you pay something like 1/3 up front, 1/3 half way through and 1/3 when project is finished?
2) Do you get in writing a list of ever...
Patricia Andriolo-Bull
Frustrated with VRBO fees
Hello. Today, VRBO started collecting all taxes for my area (Collier County, FL which is 12% in total). I received a booking and see that they are taking their fee off of the entire booking including taxes (for refe...
Derrick StClair
Rehab/Remodel: % of Cost that should be Labor vs Materials
Hey BP team,Currently doing a remodel of a property I own in San Mateo but the contractor just sent an overall budget for everything but didn't break down labor vs materials. Just wondering if you're aware of some sta...
Melanie Baldridge
What is MACRS classification?
In US tax law, the depreciable lifespan of an asset is defined by its MACRS classification which stands for “Modified Accelerated Cost Recovery System.”
Under MACRS, depreciable assets are assigned to different class...
Scott Heitman
major appliances in a sfr
When providing for rent a sfr (3+br) should I or should I not provide the major kitchen and laundery appliances. Or should the tenants provide their own?