Good afternoon,I am in the process of purchasing a home which requires a rehab/repair budget. The lender will be doing a holdback of the budgeted amount, and I am curious as to how this process will work in terms of ...
I'm looking at a multifamily building: about 100 years old, 6 units plus 2 long-term businesses, 4 of the units recently renovated, ~$700K to buy, $92K potential income. The proforma shows $1,200/yr maintenance (along...
This may be an obvious question, but, where does your rehab budget typically come from? A loan? Cash you already have on hand? Thanks.
Once you get settled into your rental property, I assume it's important to document everything and stay super organize. What's your approach to recording monthly income, expenses, etc.? Is Microsoft Excel too simple? ...
I just had a vacancy come up on a rental in an area that calls for a tight budget. I like to have the best houses in the market and was wondering if anyone has explored inexpensive, unusual back splash options for the...
Can anyone recommend a great personal budget app that you can link up with your spouse. Wasn’t sure if there was one available that a married couple could use and update together on their phones.
Thanks,
Kelly
Hi BPWhat should I be looking for and looking out for when reviewing a condo association budget? I often have clients that are buying condos but I am not really sure what is considered a healthy HOA and what indicator...
Hi
I need some help with renovation budget for a BRRRR deal I am currently working on.
How would you differentiate between a BRRRR renovation vs Flipping renovation?
What kind of renovations are most beneficial fo...
I have a budget of $250k to purchase my first fix and flip property. What price range should I be looking for deals? I see a lot of overpriced homes. Should I look in the low 300s and offer 250? I’ll take any advice I...
I'm currently trying to figure out a max budget for a BRRRR project. This would be my first property. I have partnered with my mom on this project, and she has given me access to a 600k line of credit at 2.5% interest...