Matthew Otero
How to project rehab cost
Hello everyone, so the first couple of rentals I have have been basically turnkey properties, we’ve done some painting, changed out fixtures and appliances and minor repairs but I’m looking to get more equity up front...
Eugenia K.
Include illegal ADU income in offer price?
I'm in negotiations on a duplex property with a nonconforming, illegal basement ADU (3 units total). All units have tenants. However, without more information about the downstairs unit and going through the permitting...
Colt Price
Land and how to make it pay for itself
Hi BP! I have a little bit of a choice personal problem. I grew up in a remote part of TX surrounded by acres and acres of land. It's been cut up, sold off and dispersed through the generations but our little piece is...
Doug Hadley
SFR: Subcontract Rehab or Do It Yourself
I just purchased my first SFR last Thursday and have been doing the demo and rehab myself. The question that I'm trying to answer is that the quotes that I'm getting from subcontractors is much higher than my mont...
Kelley Roberts
To Master Lease Option or not to Master Lease Option
I'm looking at a deal where the seller is anxious to sell a 38 unit apartment complex. They bought it for cash in 2005 for $1,675,000. Here are the current numbers.Asking Price $1,411,000. The normal Cap Rate for the ...
Luke Panas
ADUs - Opinions on Critical Upgrades and Features for Added Value
Hey everyone, I am in Vero Beach, Florida (on the Treasure Coast) and am looking to make the previous owners garage conversion to living space into an actual separate ADU. I am planning of making it a medium or long ...
Farhan Abbasi
Wireless cameras (with cloud service, good recording time)
Hi,First time posting! Seeking best recommendations for wireless cameras, and the biggest considerations. For me, it's:- Cloud service that comes free or low-cost. - At least 3 months of recording.Feel free to link me...
Kay Ferdous
What would you offer this property..
What would you guys offer for this property and do you think i missed anything in my calculations. Probably should count in another 8% in CapEx. Property is in a c- minus area. 6 units all 2 bedrooms, Farily new roo...
Marian Smith
List the expensive things an inspection might miss
What is expensive to miss when buying a house? Here is my list, I hope you guys will add to it.
1. FPE breaker box....stab-lock breakers are reputed to fail and the breakers are no longer sold except used o...
Dane Peterson
1/2 Duplex Deal - First Rental Purchase
Today I met with a motivated seller who is about to move out of state for work purposes. Owns his 1/2 duplex with no mortgage. Asking is $80,000 and would be considered retail Asking price being that it's a 1/2 dupl...