John Mullen
Request for help on rehab estimation
Hey BP, I have a question for anyone with knowledge of Columbus (or central Ohio, or maybe even the Midwest more generally): how do you like to estimate your rehab costs when analyzing a BRRRR or flip deal? The optio...
Jerryll Noorden
The Guaranteed Best Working Strategy On Generating Motivated Seller Leads 100% FREE!
All, I want to start giving you more golden nuggets through this group.
OK, here we go.. which one to pick.. so many nuggets, .. ok how about this one.
Someone had asked me how I do what I do so successfully... ...
Jean B.
General liability & umbrella
Hi,I am trying to figure out what coverage i need for my assets. I own several rental properties under an LLC. I have a $2M General Liability policy to cover the properties/business. Should i also have a personal umbr...
Kirsten Mastro
Do I need Nevada based LLC
Hi everyone. I'm starting up a real estate investment business. I've heard the maximum m asset protection comes from setting up an LLC in Nevada. Nevada Corp Headquarters (than Merril's company) has contacted me to ...
Miles Stanley
Forming an LLC (or other entity) befire first deal...
I know there is a long debate on this topic as to forming an LLC at the very beginning or after getting the ball rolling and waiting till a few properties in (I'm interested in buy and hold btw).I know the formation o...
Nate Boda
Figuring out how much to budget for capex
hey guys so I'm thinking about putting in an offer on a duplex in my area but am a little stumped on how much to figure in for capital expenditures. I'm using a 10% of rent number for vacancies and a 5% of rent for ma...
Tyler Smith
CapEx/Reserve accounts for each property
I purchased my first property back in January and I'm getting ready to purchase my 2nd. I live in Seattle so I'm starting out with the turnkey route. All properties have brand new HVAC system, hot water and roof so my...
Stephen Artzerounian
LLC Structure Questions
Hi all,So I am starting an LLC with two partners for rental property purposes and feel like I am over thinking the structure.We will be investing in Connecticut and Pennsylvania my first thought is to use the parent-s...
Marlon Freeman
Replacement Reserve Funds
Good Morning BP,
I have a question about reserve amounts. When analyzing deals, what do you budget for reserves? do you withhold a flat rate amount, or do you withhold a percentage of the gross rent? Currently I am ...
Edita D.
electrical upgrades to our 4-plex
Hey guys,
we bought a 4-plex a year ago for a good price, but it needs upgrades. We are installing 5 new water heaters (6500$), and also wanted to upgrade electrical since it's only 30 amps (built in 1950).
Property i...