Is it all in creating a margin of error and a really good deal? What are the best way to do that? Is it other things outside of the “numbers”?I am a first time flipper and I am very confident in what I would like to d...
Hi everyone, what percentage of my monthly rents should I be putting aside for future expensive repairs like roof, furnace etc.? For example, if my rent revenue was $2,000/month with $1,000 going towards mortgage, wha...
Investment Info:
Small multi-family (2-4 units) buy & hold investment in Lexington.
Purchase price: $180,000
Cash invested: $45,000
6 br / 4 bath duplex (3/2 on each side) purchased with Section ...
Looking at some SFR homes to purchase, in the $140K range ( 1 story, brick ranch, garage, 3br). Providing all the usual calculations work out ( rent, expenses, management) I have a few more questions on how to help my...
My previous tenant break the lease and there was break for 20 days between tenants. When I got the statement , rent is missing for those 20 days and property manager is charging the landlord for new leasing fees, adv...
Hey Biggerpockets,I've put my first fourplex under contract for about $95k earlier this week and had a home inspector come out. He seemed extremely knowledgeable, thorough and provided great service.He'll be sending m...
What level of finish does a home need to be to qualify for conventional financing?I'm looking at a home north of Seattle that is a two story home that is gutted on the first floor, and completely remodeled and finishe...
I have a duplex that I am trying to buy for $125,000. I will be using traditional financing for the purchase. The seller wants me to give him 10% down and sign a contract. This is the first time I have run into a de...
Hi Everyone,I have an interesting question regarding a potential tenant. A guy came around the property over the weekend and seemed like a good, upstanding dude. He was open about having a dog, only smoking outside, e...
Hey BP community!I just closed on my first property, a duplex, and am just starting the rehab process. There property currently has in window cooling units and no heating source. I am already having to upgrade the uti...