John S.
How to determine depreciation for new construction rental home?
Hi BPers, I need help to determine the improvement portion for depreciation on my new construction home. It was placed for rent on 6/19, and occupied 8/19. The Property Record Card is not accurate. It only shows t...
Olga Kostrova
How to estimate and verify square footage for a fixer upper?
Guys, how do I estimate (well, actually verify my estimates) for the square footage of a fixer upper? Especially if it's a virtual wholesaling. I looked at similar properties in the neighborhood, but from photos it's ...
Bao Nguyen
high end rental investors: does the 3x income/rent apply?
It's part of my rental policy: household income must be at least 3 times the rental rate. But most of my homes are renting around $1k/month or less.Should this rule apply to high end homes that rent for $3k/month or ...
Justin Spaulding
Valuation
Hey guys,Question for ya'll to stab at.I bought a four unit in 2013 for $210,000 ($10,000 sat in escrow for repairs) and the rents were at $500. We did the repiars and now the 4 rents are up to $640. (Leases are up in...
Casey Barry
Estimating rehab cost prior to tax deed sale
I'm a new tax deed investor. As a tax deed investors we bid on properties without having the chance of fully walking the property. What is the best method for estimating the rehab cost of a property without seeing t...
Beth Anderson
How do I find Cash Buyers in Rural NE Ohio?
We are just starting our real estate journey. We live in rural NE Ohio. I'm talking Amish farm country. I have been driving for dollars and mining the county auditor's site for homeowners who are delinquent on their t...
Mick Murray
How to estimate reno costs
Looking to purchase our first BRRRR. There are multiple distressed properties in the area I want to purchase, but I don't want to wear out my contractor in getting bids in order to calculate ARV to make an offer. I'...
Account Closed
Flooding basement
A property I am looking to make an offer on has a flooding problem in the basement every time it rains. The sub-pump is located in the corner of the basement. I'm guessing in order to prevent further flooding I would ...
Tobias Falzone
100k cash, 400k borrowing power, what would you do starting out?
Hi Everyone, I'm a relatively new investor and after flipping my previous house and buying a new primary residence near sacramento, california, I'm ready to begin investing in non-owner occupied properties. However, ...
Mark Hu
How does mortgage for income property differ?
I was wondering if there were significant differences in obtaining a mortagage for income property (apartment) versus a personal dwelling.
I believe interest rates for income property mortgages are higher, and it mak...