Amanda G.
How much Cap Ex do you hold?
It seems to me that Cap Ex is a very important part of evaluating a deal which investors tend to under-estimate. My current rule of thumb is to plan $1,000/year per unit.First- do you agree with that as an estimate?Se...
Dakota Hicks
When should I stop saving for repairs?
Hello,I'm getting ready for my 1st property and I want to build a solid model for future investing. When do you stop saving for repairs? For example a 3BR 2Ba , I save 8% for CapEx and eventually I have $10,000 save...
Cale Delaney
Rehab and Contractor Tips
I see a lot of stories about how rehab typically takes a lot longer and is more costly than people anticipated. I work for a very large contractor (commercial restoration and strengthening) and wanted to share some th...
Tim Porsche
What Would Ben Carson's 15% Flat Tax Mean for Landlords?
Hey all, bit of a hypothetical question here, but would you be worried if Carson's 15% flat tax would be adopted at some point? He said there would be no deductions...which would obviously have a huge negative impact ...
Yong Lai
My First BRR deal!
I just got my first BRRR deal accepted in North Richland Hills! Excited but also nervous about the rehab work needs to be done. It has a basement in Texas! I was worried about the flooding as it happened last August. ...
Bob Romano
Tenants Overworking Washer , How would you handle this?
How would you handle this situation: My Tenants own a commercial cleaning company. They have been in since Oct 2019, always pay on time, no issues there. However, I was at the house yesterday to inspect an issue they...
Wai Chan
Looking for home inspection recommendation a triplex in San Diego
I am looking for recommendation for home inspection for a triplex in San Diego. I want to find an experienced home inspector that can look at everything for an aged property. Could you give me some suggestions? Thanks.
Joseph Pugliese
Doubtful Deduction
The median priced home is $220,000. Assuming 10% down and thus a $198,000 mortgage, at the current 30-year mortgage rate of 3.7%, that works out to a payment of $917/month. Add $180/month for property taxes and the to...
Corbett Brasington
Getting first right of refusal on deals, is this legal?
Being in a competitive market I am looking for ways to legally gain an advantage for BRRRR homes (that need to be fixed up), especially with on market properties. I am new to this but an idea that came to me is offer...
Tracy Swanson
Estimating costs of a flip
I am in the process of trying to purchase my first flip and am applying for a construction loan. The bank is requiring a description of what I will be doing and cost of the project.When rehabbing a house, do you calcu...