I am starting to purchase SFR homes to buy and hold. The homes I'm getting tend to be older 1900-1950 and so have galvanized pipes. What rule of thumb do people tend to use for when to replace them? when something's l...
Hi everyone, I am pretty new to the forums & investing. I am looking for my first deal after reading several of the BP books & J. Scott's estimating rehab costs book. My question is regarding a 3 family (fo...
Duplex:
-Purchase price: $155,000
-600 sqft 2/1 each unit
-1979 concrete
-Rents for $1,000/unit/mo
-PITI is $940/yr
-Property management fee: 7%
Option 1:
I've put probably $25,000 cash into upgrades and rep...
I had a brand new garbage disposal installed in my rental property 2-3 years ago. I recently had a mid term renter call me last month to tell me that it was broken. When he moved in, I gave him written instructions ...
Thanks in advanced to those who can help guide me through or shed some light on the following scenario. What would you do?My wife and I are looking into buying our first duplex. Its in a desirable area which can bri...
I have a tenant complained that her space - which is under a tall oak tree - is receiving a healthy amount of bird poop. She is asking to either move her to a different spot, remove the tree or to allow the use of my...
Had a slow leak that didn't stop when everything in house was turned off, incl toilets at the wall. Galvanized pipe supplying house is probably close to 60 +/- years old so is very corroded. I couldn't put compressi...
looking at potentially a disaster of a situation regarding copper pipes inside concrete slab.-Home is 10 years old-Copper pipe inside the concrete slab had a leak.-Pinpoint leak was found (after digging through severa...
Attended a speech today by a couple Chines drywall specialists. It was heated at times but here is what was agreed on.
1. It is a mess.
2. There are NO guaranteed answers
3. We haven't even touched on the commercial p...
Hi,
I just got approved of a bank loan from a small bank. (Thanks for folks who advised small bank for small loan). Now tomorrow my realtor and I are going to go through the offer contract. After signature the realtor...