Michelle Richardson
Built an ADU to pay for mortgage
Investment Info:
Other other investment.
Purchase price: $50,000
Cash invested: $50,000
Built an ADU
What made you interested in investing in this type of deal?
Add additional income and...
Jarred Mussen
Lake Butler 3/2 Built in 2007 for $65K - Should I Buy?
Hey BP community!
I am under contract for a HUD home located in Lake Butler, FL to make it a rental property or a flip. I am new to investing and wanted to find out if other investors would take the risk with the un...
Jack Srimani
Need expert advise on this figure
Hi,
I am looking at a four unit property which was built in 1926. The owner furnished the following:
Sell price 130,000
Rent- 23640
Operating Expense- 11315 - (Gas 3852, electric - 4260 Tax and Insurance 3200)
Net ...
Summer Dechanukul
I did a mistake by 100% trust the realtor and end up with a nightmare
Hi everyone!I'm Summer (Newbie for real estate) My stupidity was I 100% trusted the realtor when he said the house (duplex) is a good and I don't need an inspector and I did believed him. Then I sign everything and to...
Account Closed
Quadruplex Analysis
All, the following analysis is for a quad for which I just put in an offer. I've read the blog posts regarding the evaluation of properties and what each metric analyzes - I know what all of these mean, but I'm not su...
Frank LaViola
Rental with swimming pools
Hi All,I have a property that I’ve had on the market for sale but it’s not moving. I can positively cash flow at $500 per month net but am concerned with the swimming pool. Should I be?
Rob Brown
Duplex Analysis
Hello everyone. There is a duplex that I would like to purchase however the owner will not go down on the price and insist its a money maker at the asking price of $115k. All utilities are not separate and I would hav...
Sahand Banisadr
Should I do it? First Rental in the new city
I have won a bid (60K) on a Class C rental property (due to neighborhood and age of property) in Indianapolis. Neighborhood is a lower income working class and the property is a 2bed/1bath (~745sqf, and another 700sqf...
Mike A.
Laundry room - Need efficent washers and dryer recs
One of my buildings, a 30 unit, has a three washers and three dryers. I am trying to get the the expenses down, and the water/electric use for the building is pretty high. The dryers are electric, so I was going to up...
Jennifer Slaughter
Under contract. Inspection...surprise!
I could use a second opinion as we figure out how to move forward. We are under contract with our first buy and hold duplex. We got it for 168k, ran all the numbers on evaluator and it has great cash flow potential. T...