Charles Thompson
Contractor invoices WAY over estimate....what can I do?
I'm here asking for some advice about a problem I'm having with a "contractor" I hired to rehab a flip. I'll post a follow-up with more detail, but the gist of it is I signed a contract with who I thought was a licen...
Chris Smith
Landscaper submits final invoice 35% over estimate without notice
Hello,We had some landscaping work done. We signed an estimate that was part contract labor and part fixed fee. Total project 3.68 days, 1.68 days for the contract labor. The main terms roughly say "Contract Labor ite...
Patrick Zepeda
Deals don't pencil. Overestimating expenses? Interest rates to blame?
Hi All!I am having a hard time finding deals that make sense. I know most BRRRRs won't pencil upon refinancing because of the high interest rates, but I also wanted to make sure I am not overestimating the expenses th...
Anthony Rullo
Am I overestimating my expenses on the Rental Calculator?
Hello BP Community! Long-time lurker, First-time poster. I'm looking to make my first Multi-Family purchase to rent out. When I plug all the numbers into the BP Rental Property calculator, every property I check is op...
Alex Locklear
How much caulk?
I recently started using a new painter and I'm wondering if he is over-estimating material on purpose or if I'm just being stingy lol. I've been flipping houses for years but honestly can't remember how much caulk on ...
John McConnell
Estimation
dumb newbie questions still....So I'm looking at a 4plex for house hacking I plan on paying my portion of the rent into it as well as deducting 8-10% for management even though I'm going to own/occupy. I think also 10...
Michael Burdi
Indianapolis 4/3 in Geist not selling. Did I overestimate?
Hello BP community! I have a property under contract at 8279 Ambleside Ct, Indianapolis, IN 46256. The property has been marketed--albeit, not so well--for about a month now. When I do have investors look at it, it se...
Lisa L Day
Always a negative CoC ROI???
TOTAL Rookie here. I've run a few properties through the rental calculator in my area (Northern VA/metro DC) and am always getting a negative CoC ROI and negative cash flow. So, I jumped around on Realtor.com and gr...
Scott Shimala
Using the 50% rule. How often is this an overestimation? Under!
In the Ultimate Beginner’s Guide, they talk about the 50% rule. Half of all expenses come from mortgage and you should budget the same amount for repairs, maintenance, taxes, etc. I have not bought my first property y...
Adam Philpot
my number can't be right... do you know where I'm overestimating?
All, Can someone please help me on my analysis? I feel like I put together conservative numbers (worried they're too conservative). I'm not sure how I'll ever find a deal if this is the financial model I use. Can some...