David Hedges
what to account for when estimating for a airbnb rental
I've been debating on buying a property to use as an airbnb rental. I'm familiar with estimating for a property that will be a long term rental, but not this. I wanted to see if I might get some tips on what I may nee...
Jackie F.
Lender Requiring 12 Months Escrow for Taxes & Insurance
My current lenders for a primary residence I am purchasing is requiring 12 months of escrow UP FRONT AT CLOSING for taxes and insurance PLUS the normal contribution going forward.I have a shortsale on credit report da...
Bryan Parks
Analyzing Properties to Determine Good Value
I am new to investing completely and I do have a good line of credit and have been approved for approximately a 120,000 loan. I guess my question is centering on the 70% rule and learning how to assess a good deal whe...
Doug Ruddle
Hoa fee liens?
The below auction sold property was a condo that had a lien from the condo assoc. of $8,456 there was a lis pendens filed on 5-1-12 by Fifth Third Bank. The property is worth around 70,000. I have no numbers on the mo...
Mitchell Litam
Is this a realistic bathroom estimate?
A couple bigger pockets podcasts say you can pay about $2500 to rehab a bathroom.What can I estimate for a bathroom rehab? My bathroom is probabaly 9 by 9. very small bathroom from 1907. probabaly needs a new tub, flo...
Mark Grozen-Smith
Short Term Rental Expense Ratio
Hi BP friends,I'm looking at acquiring a property for use as a short term rental (STR) and I want to know what the typical expense ratio is for a STR. I know the benchmark for multifamily is ~30%, but I haven't found ...
Jackie Householder
First Timer - Preparing to rent out primary residence in 2 months
Hi Everyone, I am excited to be here, thank you for having me! My Husband and I are about to embark on our first adventure as landlords, renting out our primary residence next February. We have done the math and we be...
Ross K.
Critique my Rehab SOW
First, sorry for the long post! I have my first rehab project under contract and having just finished up the @JScott books on this topic, I've used his strategy as a starting point. I've built the below SOW and ...
Tom Camarda
Central air vs. AC units
Hello all,Wondering what your thoughts are on the following: Just purchased a small 2BR 1 for 55k. Needs 10K in rehab and should rent for $895/mo Thing is, that 10K does NOT include central air.. That would be an addi...
Todd Fry
Small Mobile Home Park Financing
I own a unique mobile home park in South Carolina that's relatively small (5 acres) comprised of 12 lots (I own 8 of the homes while the other 4 are owner-occupied and charged lot rent) along with a house (3 units). ...