Lane Babin
Estimating Storage Unit Monthly Operating Expenses
When developing a pro forma for a storage facility, what percentage of gross income should be estimated as operating expenses? I've see a feasibility study by an economist recently that mentioned using 45% of gross in...
Dean Taylor
HUD 221(d)4 Multi-Family Housing
Hello, I am new to BP and have really enjoyed what I have read so far. Before joining BP, I had been looking into multi-family housing specifically, apartment complexes around 300 units. In my research, I found out on...
Jay Pillalamarri
Tax Strategy using property management co. & title transfer
My mom owns a rental on her name (its 100% paid, no loan). If she transfers title to LLC (owned by her), can someone verify the following pros and cons? Pros are the (1) tax savings (through depreciation, repairs etc....
Zain B.
Warranty Deed vs. Quit Claim Deed
Hello BPI am a new investor looking for some help. I have a property under contract which is foreclosed. "Title to the property will be conveyed by either Special Warranty Deed or Quit Claim Deed, or equivalent docume...
Rob Roseman
Advice?: Allow Buyer to rent/move-in due to clouded title
I have a situation a bit different than a standard Lease Purchase. Any advice would be appreciated.
I am the Seller of a SFH with a signed contract with a Buyer. Inspections have been completed and all is resolved. ...
Kristi Harmon
What are the common general contractor fees in Utah?
I'm trying to hire a general contractor for my renovation loan project, which is a small project (installing carpets, appliances, water heater, light fixtures and bath fixtures and few extra small items). One of the c...
Daniel Ko
Closing cost (Escrow and Title Fees)
Hi all,
Can I ask expert opinions on whether my closing costs (I'm the seller) is reasonable for a condo in Los Angeles, CA for $736,000? Title and escrow costs alone add up to be a little over $9K (not including p...
Steve Davis
203k loan occupancy questions in MD
I am researching using a standard 203k loan in MD for my primary residence. Can I live in the house during the rehab? Provided utilities, roof, bathrooms, kitchen, etc are operable? What are the rules concerning occu...
Matthew Cornell
Construction Cost Estimating and Builder Profit
Hello All,I am looking for up to date data sources on the following information:1. What rates are builders using for their "Builder Profit"? Preferably would like it for different types of construction including custo...
Tom Dillinger
My first home - investment property?
Hi all, newbie here. I have read many threads and sincerely value the experience and wisdom of many of you.
I am a 24 year old young professional, I make 30k/year. I have 30k sitting in the bank and am interested to...