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Hi, I adapted Brandon's spreadsheet into a different format. Please check it out and let me know if there are any mistakes in the calculations or modeling.
My goal is to use it to evaluate foreclosure deals and to d...
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Hello,
Sorry totally newbie question:
I know most people do: (ARV X 65-75%) - Rehab Cost = Offer Price.
But where does closing costs come into this equation?
Thanks,
Kyle
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Hello,
Wondering if this is a good quote in terms of numbers and things that are covered under this property insurance
$302,500 Dwelling Coverage + 100% Extended Replacement = $605,000 Total Coverage to rebuild th...
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I am looking to purchase my first multi-family property in Florida. Do you find that the 1% rule still applies here? It seems like most are listed and even selling higher. If I find a property where rent is 1% or more...
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A property was bought through foreclosure auction and fixed up with a total purchase cost and rehab cost of $80,000. The plan was to hold onto this property long term but I've had an investor make me an offer would lo...
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Here is a house that may well become my first investment purchase: http://www.zillow.com/homes/for_sale/1438-13th-ave...I would be buying it from a friend. He bought it as a rental in 2006. Tried to manage it himself....
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Hey guys, so I'm thinking of purchasing a property listed for 69k. ARV is around 75k, and I believe I can get it for 55k. It is currently rented with a section 8 tenant for $1010 a month who would be a long term tenan...
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Hello BP, we are currently under contract with on a triplex for 139k. It was built in 1912, which comes with its own set of issues. We initially budgeted about 50k for rehab but rehab estimates are coming out close to...
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Hi Guys,I have been evaluating properties for BRRR in PA and need to know the following. How do you guys estimate closing costs during purchase and refinance? How do we estimate insurance costs on a property before we...
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Hi,
I am evaluating a MHP deal and am looking for advise on few things as below:1) The asking price is 500k with 60k Gross income. Expense of 14k. All are tenant owned homes for this small 10 home park. Septic and w...