I am in the process of building my excel calculator(s) for rental properties. I want to factor future assumptions for forecasting purposes, such as income and expense increases. Are there any standard rule of thumbs? ...
I had a fire at one of my houses. Insurance paid me $30k and it will cost $30k in repairs. Do I need to claim $30k in income AND $30k expenses? Can I JUST claim the expenses? Can I just not claim either since it's a w...
So when someone takes a heloc to finance the down payment on a rental would you figure/add that payment into the rental property calc to determine cash flow or am i missing something?
Hi All!I just purchased my first rental in Baltimore City. I received a quote to wash/recoat the flat roof for $3000. It is a 12’ x 30’ house. Does this sound right or too pricey? A friend said he thinks you can get a...
Hi! I am relatively new to bigger pockets! I live in WA state and I currently have two short term rentals in AZ and one long term triplex in MI. I have been thinking about getting my real estate license so that I can ...
Hey guys, one of tenants said that while she was washing the dishes, the water over heated and now there's no hot water at all. Anyone with experience recommend what I should do next? I'm already on the phone trying t...
I've got myself into a precarious situation with a group of investors that turned out to be not so great. I bought a property from them with promises of a rehab and tenant being secured, along with 20% equity once the...
Quick fridge question to throw out there.I have around 2 weeks until closing on a short sale, and the real estate agent just informed me that her clients fridge broke. Yes it was part of the contract, but she has no m...
My wife and I are looking into buying a two family investment property in New Jersey. The basement of the property has a very low ceiling (I am around 5’11 and cannot stand straight up). The basement (unfinished) has ...
Hello!Within the next 1-2 years my wife and I will be selling a 4-unit long term rental building in Wash D.C. and investing the proceeds in a Mexico vacation rental (eventually retire there). We love the Caribbean sid...