Katherine T.
Help newbie - take this deal or leave it?
Hello BP members, I am a newbie and have found a potential property in Birmingham, AL. This will be my first if I choose to proceed. As far as I can tell the numbers look right from my calucations. Asking price is...
Sean Grieve
Cap Rate Calculation-Always Necessary?
Hi All, At what point can one stop setting aside funds for Cap Ex? I have had a rental property for a number of years and the Cap Ex money that I've set aside is fairly significant. Obviously, the number will vary by ...
Evelin Montenegro
Reserves instead of monthly vacancy loss
Instead of doing an 8% vacancy loss every month, does anyone just keep a total reserves amount? For example: Say your mortgage payment is $400 monthly so 6 months worth of rent is $2,400 and another $12,600 for CapEx ...
Sam Stabler
Refi Cash-Out vs HELOC?
I'm in a bit of a conundrum and needed some advice:I have an Owner Occupied SFR while generating rent from the permitted back-unit ADU. I want to replenish the cash I spent constructing the ADU as I'm looking to purch...
Luis Arellano
Line of credit for downpayment?
I'm in the process of buying my first duplex, and the downpayment will be around 100k and I do have the cash.However, I don't want to lose liquidity because I plan on keep buying real estate. I've been considering ope...
Scott Forney
How are you requesting seller financing?
Hey everyone, hoping to get some perspective from experience investors about seller financing. My wife, @Amanda Forney, and I just purchased 2 duplexes in our hometown (very small town) and are ready to jump in with b...
Stephanie Bureau
Maintenance Expense Fund
So I know with the 50% rule you should account for half of your rent to go towards maintenance and repair expenses. Since not all expenses are going to happen every month like capex (is that how you write it or is it ...
Renae Charles Atkins
Can you explain 50% accounnt setup
Can someone explain maintenance account and the tax implications.should i have different accounts for each house?if i sell a house with a large M.Account what happens?I'm not asking for specific legal advice just an o...
Kujtim Beganaj
How to structure seller financing on an 8 unit
I have an opportunity to purchase an off market 8 unit deal. I have spoken to two banks and they will only do 25% down and 1.35 DSCR (Debt Service Coverage Ratio). The bank will only lend up to $390k. The asking price...
Dana Lively
House Hack. Getting a foot in the door.
Investment Info:
Small multi-family (2-4 units) buy & hold investment in Ogden.
Purchase price: $440,000
Cash invested: $64,176
This is a house hack purchase on an up/down duplex in Ogden, UT. It...