Brian Wilson
Am I Overthinking This?
I work as a construction manager and during the estimating phase for a new project we determine desired margin for the project on a case by case basis. As someone starting out in REI is this a reasonable approach to u...
Mia Shlomit
Local bank that will underwrite with only external appraisal?
Hello,I'm seeking a mortgage on a property that was purchased in a recent sheriff sale, property located in Union City, NJ.I've been assured that that are local banks that will underwrite mortgages even on the basis o...
David Jennings
Is profit possible?
I know stupid question, But im wondering say if someone did buy a property (apartment) is it a reality to get rich from it? im just wondering i know an appartment can earn alot on a monthly and yearly basis but do you...
Brittani Gardner
Filing Income Taxes With Note Income
Looking for help on seller financing my primary residence (of 2 1/2 years) when I move out later this year. I have an FHA loan, and have renovated the kitchen.I am trying to figure out how to structure the deal to mak...
Skyler Massey
Seller Financing A Home We Bought With 1031 money - tax impact
I'm trying to find out the tax implications of a seller finance I'm considering. We just bought a home a few weeks using primarily 1031 money from a home we just sold. We bought this home as a rental but found out tha...
Paul Winka
QuickBooks: rehab cost journal entries before in service?
I asked a similar question earlier today about putting a rental property in service and deducting the costs of the rehab on Schedule E. Okay, looks like I can't deduct the make ready costs and I can tally the improvem...
Brenda Schuette
What do other property managers get paid for around 34 units
I have been on my job for close to 6 years now and still only make $1400.00 a month, that is total. The owner deducts from this pay $600.00 for rent every month. So in actuality I make only $800.00 a month for 34 unit...
Dexter Harris
What’s a Rule of thumb?
What’s a rule of thumb for Utilities (Water and Sewage, Electric, Gas) per door number? If there is a such a rule? I’m aware of the RUBS system. If you don’t have the historical from last year, can we use a number per...
Joe Fairless
What are typical fees for a 22 unit property mgmt?
Hi everyone, What have you seen as a typical fee structure for a professional property mgmt company to manage a 22 unit?
Nicolas Beck
monthly provision for capex
Hi Guys,
How much would you provision for capex per door per month for a small multi family (4 doors). I feel I may provision way too much thus make any potential deal not very attractive
Tks for your help