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My question is in regards to how commissions and vacancy affect the buy price. I understand when flipping a house, most calculations take into consideration how much you'll have to pay in commissions when you sell th...
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I have been searching for off market deals or awhile but when it comes to send an offer on it, I don’t know what is the right price to offer for it, it doesn’t just have numbers listed for you and the owner just want ...
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Hello World, As a new investor I am noticing the difficulties of guessitmating rehab cost, which in return can impact what offers I put out on homes. Long story short, can anyone give me some quick tips,tricks all tha...
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I'm in the process of obtaining a listing and I have listed a property in this same neighborhood the previous year. The issue is, that property had contaminated soil and the seller decided not to sell anymore, and I'm...
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I like "Quick Tips!". I find a lot of them very helpful. I try to gather my own quick tips to share at REIA meetings, but sometimes draw a blank. So, I figure why not start a thread for collecting "Quick Tips!"?I will...
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*This link comes directly from our calculators, based on information input by the member who posted.Newbie here to running Brrrr reports. I have one very specific question: how do I determine what the re...
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I'm looking for some feedback, especially from my fellow Rochester, NY investors. My tenant left the duplex unit after almost being evicted. My property manager sent a request to their contractor to make the unit read...
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I am having a tough time understanding how $250-300 per unit is adequate for a CapEx Reserve. For example, if an HVAC blows out, that’s a $3000+ expense and there goes 10 years of reserves. There are so many other ite...
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I am wanting to get a good idea of my TRUE vacancy rate including time lost to rehab etc...
My accountant suggested creating two line items to book both a lost revenue income and an offsetting lost revenue expense f...
I'm in negotiations to purchase a duplex as an investment. Would it be better to finance the property for 15 yrs at 2.75% or for 30 yrs at 4.25%? The loan will be around 75K. I wouldn't normally consider the 15 yr, bu...