Andrew Michaud
Do I have enough funds to purchase this 60k 5plex?
I got approved at the credit union today. 60k purchase, 12k down, so a 48k loan. Plus 2k to 3k in closing costs. After all of those expenses I will have about 6k to my name. Is that enough? I have two jobs I make mone...
Taylor Green
Does 50% rule account for future big ticket items?
Hi, I have been reading about the 50% rule and I use it for my rough analysis. My question is: Is he 50% rule enough to cover major expenses if you plan on holding the property for many years (roofing, AC, etc) or do ...
Sarah Ottesen
Cap Ex is killing my deals
Hi! I would love some input on Cap Ex for the new-but-have-a-couple-of-properties-under-their-belt investor. Currently we have two properties/6 units. We are putting into a savings account a portion of the rents ea...
Kendall Claxton
Is this deal too thin?
Hey everyone, I am hoping to get some advice. I just found a property that I think could be a good deal. They are asking $176 and the comps are around $280. The repairs needed include foundation repair (interior) and ...
Moshe Yadgar
Help analyze a property.
Dear members, My name is Moshe, very new to RE investing, reading and learning as I go. I was able to meet a wholesaler with the following deal: Location: Shamokin, PAAge: 50 years Units: 10-2 BD's and 10-1 BD'sAverag...
R Davidson
Dispute over roofing work and need for an Elkhart attorney
I have a dispute over a roof replacement job in Elkhart, Indiana in that the roofer didn't obtain code of compliance as the inspector was unable to verify a couple of things about the roof because the roofer didn't or...
Kaydn Jensen
Advice on Saving For Expenses in Buy and Holds
Hey BP, I had a question on saving for expenses. I understand from the podcast and reading how important it is to account and save for Vacancy, Repairs, and CapEx Expenditures in Buy and Hold Rentals. The BP calculato...
Account Closed
T-Locking roof insurable?
Does anyone know if homeowners insurance will cover a T-locking roof? Or am I going to have to replace it or have issues with a homeowners inspection? thanks.
Account Closed
money for a new roof
Didn't know where else to put this:
I am about to buy 2 new roofs. I can either take out a loan, home equity probably on my house to finance them, or, I can take it out of savings--actually what I had been saving for....
Philip Nowak
How to Remove Rust From Metal Shed Roof
Hi BP Community, anyone have any tips or experience removing rust from a metal shed roof? I tried TSP as well as Naval Jelly, letting them sit for the appropriate time in the recommended application temperature range....