Neal Collins
Longterm option agreements
We've been working on a deal that involves the acquisition of multiple properties that we are getting option agreements on. The seller does not want to sell any of the properties now to avoid tax damages, which is why...
John Pitkin
Calculating reserves for repairs
Is anyone aware of a standard rule for estimating how much reserves to include in repair costs? It seems to me that the cost of replacing major items such as a roof or furnace should be included over the estimated re...
Erik Pfundstein
Assistance in equity splits after cash out refi
I am partnering with one other person and they would like to do a pure equity split, we will be doing equal work. 10 unit multifamily value add. They would probably be putting up 80% of the funds while we would be pu...
Julie Hill
Are there any math impaired RE investors here? :)
First of all, I consider myself very smart. I run a very successful company, have always excelled in everything I do (including school), and have even been pretty successful with RE investing & flipping so far (w...
William Chrisman
Capex on 6 unit apartment building
I'm going to view my first multi-family, a 6 unit apartment building on Monday. I'm trying to run numbers this weekend. What things, and/percentages should I consider for cap-ex. (I only have one rental property so...
Account Closed
30% Of Americans Didn't Make Their Housing Payment In June
30% Of Americans Didn't Make Their Housing Payment In June
A stunning 30% of Americans didn't make their housing payment for June - a figure that is likely going to ripple through the housing industry in coming month...
Mitchel Schwindt
TurnKey Wisdom - how to evaluate?
Our small city is crushed with influx due to Covid. $333+/sqft on avg. Looking for out of state TurnKey opportunity but unsure how to vet or evaluate companies/opportunities. Any good/bad experiences with specific ...
Cheri Schaffer
Property managers - What's a fair wage?
Hey guys! This goes out to all people that have a property manager! I'm curious on what you pay your property manager. I've seen the average at different wage points, and was curious. Do you go by a percentage? W...
Ryan Boutin
70% ARV - What do you do?
I have read that flippers tend to sit around the 70% mark for buying vs ARV for flipping properties. Is this what most use as a number? What do you use for a percentage?
Eric Van Vliet
Out of State Investor Looking a Property Manager!
Hello Fellow BP'ers!I'm an out of state investor actively looking to invest in SF & Small MF (2-4 units) properties in Kansas City and need a rock star property manager. Having a great property manager I can trust...