When trying to calculate COCROI do you account for the rent lost when renovating a unit? For example, let's say I were to buy a 230K MF property on 7/1 and put 20% down and then put 50K worth of renos and can rent it ...
Hi everyone, I inherited a tenant who has lived in the property for 26 years. He is a good tenant and pays on time. He is in his 70's and has recently been having some medical issues. Twice the ambulance had to be cal...
Hi all! My husband and I are about to finish our 2nd door property and are going to be placing our first long-term tenant. Currently we have one STR and this will be our first long term. We are seeking advise and opin...
Investment Info:
Condo buy & hold investment. Our second rental property in a growing portfolio!
Purchase price: $190,000
1/1 Waterfront Condo in Waterside Yacht Club. Available for rent Sept 1st.
Got this question from a friend:“If you bought a house built 25 years ago. The plumbing could be okay when you buy it, but in 15 years it all needs to be replaced and that’s a huge expense out of your pocket.”For all ...
Hey BP, I am getting started with real estate investing and personally can see the power and financial benefits of REI over other investments like the stock market, however my wife has reservations. Part of what I wan...
We literally inherited a commercial tenant. He wants to renew with the following terms. his wording...(sic)
"5 and 4 5 years options"
(we'd be more comfortable with 15 years)
"the lease to be...
Hey BP, I’ve have a hard money lender that I found that will give me the typical hard money loan: 80% purchase price, 100% rehab, 8% interest only for 12 months, etc. And they require an LLC. Which I have but I’ve bee...
Hello BP community. You are the best!I am looking to buy+hold in Philly. Do you recommend to buy in vicinity of 100K in a so-so area where the profit margins are greater but the risks are bigger too or maybe move into...
Investment Info:
Small multi-family (2-4 units) buy & hold investment in Marion.
Purchase price: $100,000
Cash invested: $20,000
This appraised for $125,000 when I bought it for $100,000 site uns...