James Kojo
Underwriting Capex and Repairs with actuals
I'm looking at a smaller deal where the financial statements are not well-specified. It's a mom + pop owner-operator situation.For instance, it looks like they may have put large capex expenses under "repairs." I see ...
John Barr
What is a good CapEx percentage?
What is a good percentage to pull from the cash flow in a rental property?Say you have a house that is 1,700 sqft rental property that was built in 1975. The property just underwent a 50K renovation (foundation, roof,...
Eunice Villarroel
Under contract. Is this house worth buying?
I’m under contract for a property 100K less than upgraded properties in the same area. However I’m running into the following problems:1.iron cast plumbing. House is almost 60 years old. Replacing it would run about 2...
Tag Ogren
Looking at purchasing a Morton Building
Hello everyone,
Today I looked at an investment building to buy and rent out. It is a 6500' Morton stick building on 1.75 acres. The building has 1500' office area and 5000' warehouse area. All of it if fully i...
Kyle Seidel
Tax Implications for Moving out of My Owner-Occupied Duplex
I currently live in an owner-occupied duplex and will be moving out next year and then renting my side. I have some questions and am double checking what my accountant has done so far.1. My side is 3 bedrooms. I have ...
Adam Sporinsky
Question on cost of whole house mold abatement
Does anyone have experience here with rehab costs on a house with mold essentially everywhere? I looked at a 1600 sq ft. house in the south suburbs of Chicago and nearly every wall was covered with mold, as were the ...
Shaun T.
Tax deductions for flips and rentals spanning two years
Hi all ... I have several flips that I purchased in 2022 and will get executed in 2023. Same with rentals where I purchased in 2021 and fixed them up and started renting them in 2022. My questions are how do I accou...
Greg Van Brunt
Flip or rent for first project
I've been looking at a SFR for a couple weeks. It need s a on of work, floor leveling, roof replacement (rafters and all) a new bathroom to be rentable. (Although I've heard it could be rent with as little as having r...
Matt Schelberg
Replacement Reserves and Discounted Cash Flow
Frank Gallinelli's great book "What Every Real Estate Investor Needs to Know About Cash Flow" got me thinking about how to properly account for replacement reserves in rental properties. If we discount future rent...
Karoline Kaon
Bathroom Exhaust Fant
Hello DIY-er's,The exhaust fan in my townhouse is out of order. So I purchased a Panasonic Whisper Ceiling Fan and a roof vent to install and replace the old exhaust. After removing the old fan, I realized the old Nut...