Account Closed
Deal Analysis and Advice for Loan Repayment
Hello Everyone,I am fairly new here and am currently working on my second deal outside the greater Philly area. I currently have an offer in on a SFH and am expecting the negotiating to end at 70K with an ARV of aro...
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...
Michael Klinger
Rational approach to multi-family physical inspection?
What would fellow investors say is a rational approach to having a (say) 50+ unit building inspected?I am not particularly interested in knowing about loose outlet covers and those kinds of nit-picks I've seen in insp...
Jeff MacIntosh
Mildly complex question
I am in NY, my friend in Texas owns a house outright that he is rehabbing, due to some unfortunate circumstances he has run out of cash, and wants to finish the rehab and eventually sell the house. He has some overdue...
Mehran K.
$55k Duplex Deal Analysis
Hi all,
The last analysis I posted turned out not to be that hot of a deal. This one seems a lot better. Any help would be appreciated!
Here goes:
Duplex
Purchase Price $55,000
Rents: $1,075 ($550 and $525) Each a...
Surendra Chawla
Roof damage in Austin due to hailstorm
Hello,The roof of my Pflugerville (Austin) home got damaged recently due to the hailstorm. My property manager sent me these pictures and i am now working with Statefarm for a roof replacement. Since we have a lot mor...
Gabe Goudreau
Planning For Unseen Expenses When Investing In Rental Properties
Hello,
I recently listened to Dave Ramsey dissuade a caller from purchasing a multi-family building, and I believe he made several valid points. He said that one of the main issues is that the buyer didn't have the...
Ryan Moore
Success with Maintenance
Hi, I’ve owned a 4-plex in Phoenix for almost a year now.The building had deferred maintenance issues that are hopefully being weeded out and corrected as we go along.How do I as the owner setup the building for succe...
Asem AbuAwad
HVAC went out. Now what?
Hi BP world, So I just had my 10 year HVAC unit go out for the first time on my first rental. Luckily, I am prepared and the reserves are there but it ate all the profit for the year. My experience with home warranty ...
Mehgan Moore
Condos as investments?
I know typically Condos are not the most ideal investment as they don't tend to appreciate. However, we are considering them as a potential rental investment. Given the tend to be cheaper, we could pay most of it in c...