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I thought it would be fun to post progress as my wife and I flip house #5 from start to finish. I'm NOT posting this in "Success Stories" since the proof is in the pudding as they say and I don't want to assume succes...
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Hey y'all, I purchased this gem recently and decided to post it here as a diary, both to share my experience with the community and to more selfishly use it as a learning tool to help improve my business. I'm currentl...
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Duplex. 15 years old. 2BR/1.5BA units. 900 sq ft each. Area = C class.Rents: $500/unit for $1,000/month gross.TOTAL INCOME: $1,000/moExpenses: Taxes = $55/moInsurance = $75/moProp Mgmt = $100/moCap-Ex = $100/moOng...
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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...
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I need some input on this Duplex deal. I have a banker that will do 100% finance on them for 30 years at 5.75 interest rate. The seller has owned this property since 2005! One tenant has been there 20 years. Wood flo...
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I've been in discussions with a seller about their abandoned property with bad foundation and missing kitchen, which is certainly a property in bad shape. They don't want to have the property restored. It has an asse...
Hi! After years of browsing finally decided to post...so much valuable info on BP it's ridiculous!
I have a duplex (held for 11 years) that would sell today for $205K (as is) in highly desirable neighborhood...
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Hi,My wife and I are rehabbing a duplex doing a 203K, and white we have pretty much everything else on track, our kitchen cabinets and counter tops are becoming a very stressful situation.Our contractor is wanting $9...
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This has now happened 3 times in my primary residence.
I find a puddle on my basement floor, look up and a copper pipe is dripping very slowly from the middle of a length of pipe, its not at a joint, and the...
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Hello!!
First and foremost, I want to say thank you for allowing me to be part of the BP community. This is my first post here and it’s centered around using condos as investment property.
I just wanted to pick th...