So I made a mistake with a PA on a duplex that needs rehab and misunderstood how much time I had for due diligence. It needs a moderate to heavy rehab and initial estimate was 35-45k. Actual estimate was higher then w...
I’m trying to get started investing in rentals in the Oklahoma City area. My question is about realistic reserves when figuring deals. I’ve been using the numbers discussed in a bigger pockets webinar that I attended....
This is a re-post, this time in the correct forum. I’ve got an opportunity to buy a foreclosed 2 unit duplex from a wholesaler. This property comes with tenants already in place, but “since it came out of foreclosure”...
I'm a newbie to STRs (I have LTRs) and looking to start in Branson (3 hours from home). I am debating self-managing vs using a PM, and am struggling to determine the tax impact of that decision.I know Sch E is where ...
Start Small and make your big mistakes Early.
Deal breakers- market, finance, zoning, footings, road type, water/sewer availability, Storm sewers, Storm retention ponds. Everything else you can mess up and not get to...
Is it worth it to renovate an out dated cabin (needs newer bathrooms, kitchen, staining )that is a 4 bedroom or buy and a newer 2 bedroom in this region? Is it worth the expense to make the higher cash flow potential ...
This is my first essentially official mortgage.I applied at Quicken Loans for refi of my first investment property that I had bought cash. I asked for 70%LTV. I was offered 90.000 which 4K will be closing cost at a AP...
Hi BP,I'm in the process of buying a property and have been inform by the lawyer that there is a zoning issue with the property. I have a property under contract that was listed as a 3 flat with a non conforming unit...
My first SFH was in Jacksonville and was purchased via Roofstock. The property was my first out of state investment, and it taught me everything I know. Since then, I have purchased mostly higher CoC units, and multif...
Hello Everyone,I was wondering if any experienced landlords had any tips for maximizing cash flow in duplexes/triplexes. To me it seems as thought the initial cash flow that you begin with after purchasing the proper...