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Does the 1% rule get calculated from a home’s pre-rehab price or should it be 1% of the total (purchase price + rehab costs)?Ex. 1. I buy a house for $60k. Rent would be $800. That works.Ex. 2. I buy a house for $75k ...
Hello, does anybody know any tools to use for house analysis if the house is already owned/bought. I just need the repair costs, taxes, insurance, and rent. I use the BRRR calculator here on BP. Can I still use it wit...
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We have our first small development in the works—a parcel that we will be subdividing into three lots. This is in the city of Ann Arbor where there are very few infill lots. I am intending to list one or more houses t...
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are they the same?? is there any difference?
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What are some easy ways or rule of thumbs to estimate costs when you analyze a buy and hold property? It could be a website, or a percentage of the property or rent price, or a fixed price, etc.Please use the followin...
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How can a newbie do this without hiring estimators each time, and making the process cost prohibitive?
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I heard Brandon on on the BP Podcast mention that he uses cash value policy vs replacement cost policy. I've read that cash value can be messy. Thoughts?
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Good Afternoon Everyone,This is my first time posting on BP, I will try to be brief. I bought my first property a little over a year ago and am looking to buy another. I had a question regarding financing and was hopi...
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As I work with more investors and rehabbers, I am noticing that their estimated repairs vary by great amounts. I thought the challenge would be to predict the resale value, but it seems that repair costs are the bigge...
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Hey everybody,
(Sorry to mods, originally posted this in the wrong forum!)After roaming the BP Forums and blogs for the past few years, my wife and I are finally under contract for our first rental property. So finge...