Nathan Ruffrage
HELOC increase without closing costs
Hey there!!!I’m an investor with a Heloc on a property that is very low. The property is valued three times that of the current line of credit. I understand some banks will simply increase your line of credit without ...
Henry Clark
Self Storage- Building Cost increases
Just got our latest estimate for our Phase 2 of a location. This is for your normal drive up units. Last fall Phase 1 we were $3,200 erected for 10 x 15 or 10 x 20. This was contracted around February of last year. La...
Ramsey Persing
Increased Material Cost for Rehab?
Hi All,
I'm new to the community and been looking into starting BRRRR investing. One thing I've heard multiple times from friends (one who is a contractor himself) is that material costs for rehab have increased dra...
John Underwood
STR replacement cost insurance with increased building costs
I just received my Foremost insurance policy for our STR Lake house.We have replacement cost insurance, but the amount seems low in today's costs to rebuild. Our Lake lot is a good chunk of the value but still I wonde...
Neel Patel
Lease Terms Offering Question
I recently acquired a 12 units apartment in Tennessee and self-managed since I want to get experience in management. I need to renew all my tenants' leases so I went ahead and served them a letter like what's at the b...
Patrick Capriola
Flood Insurance Surcharge
As many of you know flood insurance rates are increasing via a $250 per year surcharge for investment properties. What I want to ask the BP community is how are you trying to mitigate these increasing costs? $250 per...
Andrew S.
Insurance replacement costs with materials increase?
Hello everyone,I'm reviewing my insurance policies from 2020 for tax recording. My replacement costs, labeled at category A are equivalent to ~$90 / sq ft. With the recent material prices, I've heard of new construc...
Nicholas Kitchen
Best Cost vs Rent Increase Fixes
Just curious if somebody is willing to share some of their secrets on their rehabs for multifamily units. If you purchase a multifamily unit with the intent to use the BRRR method, I would like to know what are some k...
Ronnie Sparrow
Assignment fee increase for closing costs
I am puzzled by what this buyer wants me to do. I have a wholesale deal under contract with X as the buyer. He has been telling me that he is the end buyer for the last two days know. So I meet him at the title compan...
Bruce Kay
Texas Gulf Coast Insurance Cost Increase
We just received the renewal notice for a few of our properties and we are seeing significant increases for premiums for wind and fire (about 30 %) I have properties in two Texas county's, Jefferson and Hardin (Beaum...