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So here is my 1st SOW submitted to me . This is a contractor who fits the bill as far as the best practice of going to home depot or Lowes and finding a contractor who is there first thing in the morning I have rec...
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fourplex with gross rents of 23,760 (10% vacancy) Total expenses: Property tax 5,592, insurance 1,200, maint and repairs 2,400, legal professional 100, auto 200,electric 360, water 960, other (includes plow and lawn) ...
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Quick and easy, hopefully.mortgage is 2700, rent was 3100. I raised rent to be 3250. Do I need to set aside 5% of the mortgage for CAPEX, Maintenance, Management, Vacancy or should I increase what I set aside based of...
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So of the 20 rental homes I personally own in Memphis, the first 9 of them were put on 30yr loans and the other 11 on 15yr loans. To give you a simple example of the difference, here is what you can expect:$100k pr...
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I have a plan that I'm throwing around. I currently own one rental property that is paid off. Cash flowing around 500 a month. I have a primary residence, house is worth 135k and I owe 65k. My current income is a...
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Hey guys!I'm a new investor, very actively looking to buy my 1st STR in the Panama City Beach area. However, I'm noticing the prices have shot up quite significantly since the last year or two. Some of the condos are ...
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Hello! My fiance and I just purchased our first property and look forward to renting it out in the near future. I wanted to get some insight on a few things. 1. Is it unusual/excessive to require first, last and depos...
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I didn't want to post this earlier, as Jon Holdman was planning to present on this subject at the BP Summit 2012 and I didn't want to detract from his presentation. But, unfortunately, Jon had a family emergency and ...
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Howdy BP – I have a duplex under contract In Louisville CO and would love all the advice I can get. I am planning to live in one side and “house hack” the first 1-2 years. This deal was found off MLS and negotiated th...
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Hi bigger pockets family,
I am working on my FIRST 35 unit multi-family LOI. Yey :-)
Can you please help with the following questions.
How many days - Buyer’s Inspection and Due Diligence - take ?
The lender is ...