Chase Gruening
Negotiations and Cap Ex
I am getting close to getting a contract on my second multifamily deal. I am having trouble estimating a accurate cap ex and we are about 20k apart on 330k counter offer. The deal involves 3 separate duplexes (6 total...
Alf Holst
Vinyl Plank Flooring on Carpet padding?
Has any of you heard of putting Vinyl Plank Flooring on top of the carpet padding?One of the contractors I was speaking with about replacing carpet asked me if I wanted to have the flooring installed on top of the car...
Paul Lee
Denver, CO Triplex Deal Check Request
Hey BP members,
I need a quick sanity check on the math here just to make sure I'm not biting off more than I can chew. I'm currently under contract for a triplex, which I will be occupying one unit (2 BR, 1 BA) fo...
Justin Cox
Cash flow on a rental property
Hi everyone. I have a questions about cash flow of rental properties. So I’ve been reading about all of the expenses I should be taking out of the rent I receive to determine my pure cash flow. Mortgage, taxes, insura...
Hannah Joy
Converting detached garage to ADU
Hi there, converting a detached 330 sf garage to a studio apartment in Eureka, California. Extending 5.5 ft to add bathroom, running water and sewer lines from primary residence. Will keep it pretty simple. Anyone do ...
Justin Mabry
Taking a year to learn as much as I can, any advice?
Long story short, I get out of the Army in one year. As of about 3 months ago I have become quite literally obsessed with Real estate investing. I have read about 7 books all having to do with finance/real estate inve...
Lee Cruz
How much can $20,000 in rehab can you complete in your area?
Im from canada and ive been emailing another investor in the U.S and she was telling me my $15000 rehab costs were too low. 15k for her would be paint and carpets. Thats it. For me 20 grand would be 2 bed rooms, half...
Ryan Weimer
Denied from Fannie/Freddie for "overall credit profile"?
Never good to get a surprise call that Fannie/Freddie is pulling the plug on you. Was wondering if anyone has heard of this kind of situation - Credit Score is 730+, Reserves are plenty, and DTI is well within range (...
Christopher B.
How much renovation to do?
We just purchased our first rental property, a 4-unit, all 1bed/1bath, coin laundry in basement, and 4 car garage in the rear. I would put it between a B and C class. It's working class, and OK Public Schools. Cr...
Dalton Chmelik
To flip & Sell or use first house as rental property!?
As my wife and I get closer to starting our rental property journey the house we are living in currently is still a point of contention between the two of us. We have both agreed that rental property investing is a di...