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 ...
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...
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...
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...
I was taking a look at a house today with a federal pacific panel in it. These things are notorious for having their breakers fail. Has anyone here ever dealt with these? What do you typically do, put in a new panel?
...