Chase Romine
FHA for a 4 plex!! Advice?
I’m currently saving up cash(almost have 10k) and am going to use a FHA loan to purchase a 4 plex. Now I understand running numbers and all but when it comes to having a handy man and roof guy to come out and help ins...
Ken Virzi
Lead abatement wants to re-replace my new windows?
I just finished a rehab of a duplex in Cleveland and moved in a tenant. The city shows up and sticks a notice to vacate because some previous tenant years before I bought the place claimed her kid got lead poisoning. ...
Account Closed
Heating and Cooling system - 27 yrs old. Ask for credit?
Hello,New to the board, I'm in escrow and just found out from inspector that the A/C and heating system is 27 years old, original from 1990. The fan is making a strong vibration that the upstairs bathroom is shaking, ...
Tyler Baldwin
Did the Coronavirus convince more people to get a Cost Seg Study?
2 Big Reasons Why I Think You Should Give Yourself a COVID19 Stimulus Package with Cost SegTreasury Secretary Steven Mnuchin extended the Federal Tax Deadline by three months. Which means you now have until July 15th ...
Leonard Rybak
Why so much inventory for Rent in South Florida. is it bad to invest???
Hi all, I am interesting in purchasing a property for rent in south east Florida, mainly Hallandale, Hollywood and South Beach. I have notice quite a tremendous amount of properties listed for rent on zillow and th...
Sharad M.
What makes a neighborhood bad vs good?
I read some topics in the last couple of days talking about buying in lower income neighborhood. I am a little confused. What makes an area a war zone? It is strictly the crime rate in the area or does the average inc...
Joshua Poitras
Flippin' in the Hood
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $249,221
Cash invested: $38,221
Sale Price: $305,000
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Contributors:
Mo Ma...
Marty N.
Year End Tax Strategies
Hello everyone, I have one single family home as a rental property that I purchased in March 2015. It cash flows on a monthly basis pretty well and I was just wondering what I can do to maximize deductions on my 2015...
Peter Aziz
CapEx Accrual when Analyzing a Deal
Good morning BP Family! I hope everybody has had an amazing week and is looking forward to an even better weekend! I'm still on the hunt for a new acquisition and am looking for SFRs or multi units in the Indy area (b...
Michael D.
Repair and maintenance budget on old property?
How would you guys calculate an expected number for ongoing repairs and maintenance on an old, lower-income type property?
Specifically, I'm looking at a 9-unit building that is about 100 years old and has gross inco...