Carl Gorson
70% rule and my math...please help (lol)
A little help w/the 70% rule calculator and my math please. ARV 159K. Rehab Cost 60K. No extra profit needed. After hitting the calculation bar it gave me an Est. Purchase Price of $51,300. Now , ARV-RC-EPP=$47,700. I...
Sam Dangremond
Partnership tax basis and long term investing
I have a somewhat specific tax related question I'd like to see if anyone has encountered before.(Standard disclaimers apply, you're not giving me tax advice or financial advice, just looking for general resources etc...
Steve T.
Water Service Provider Billing Policy
The water provider for one of my rentals just changed their policy. Bottom line is that they will no longer deal with renters and will only establish accounts for property owners - we are talking about a SFR. This w...
Thor Camargo
Patio Furniture Damage - How to assess cost
With tenants that are moving out, how would you feel about patio furniture being left like this?They're claiming "normal wear and tear" but am I wrong in thinking this is excessive?That being said - SOME normal wear a...
Denise Evans
Alabama Tax Sale Redemption Amounts
One of my earlier forum discussions addressed the issue of excess bids in Alabama tax sales. I will not duplicate that information here.A redeeming owner must pay the following charges:Taxes due at time of auction, pl...
Robin Evans
Security deposit return
Hello we just had tenants move out and their standard of cleanness makes me want to laugh. They left the property filthy and trash behind and claimed it was clean! Our cleaner had to spend 10 hours to clean the whole ...
Ari Hadar
A fixer-upper analysis, pos, winter
https://dealcheck.io/s/-MO_OeK...
It's a suburb of Cleveland next to the border of worst ghetto in Cleveland - East Cleveland. There is also POS and the work in the winter so maybe spring ready for rent.
Here is ...
Ahmad Nassar
Most expensive house on block?
Im looking at the possibility of purchasing a home in a well known historic district in Detroit. The market is very hot right now with homes in that neighborhood bringing in multiple offers on the first day of the lis...
JR Rivas
Are these closing costs too high?
Hello,
I am looking to close on my first property and I just got the paperwork to sign from the lender & the closing costs are about 10% of purchase price(not loan amount).
I know typically the closing costs a...
Karen Margrave
SOLAR on your homes?
Just curious if anyone has installed solar on their new builds or other construction? What are your thoughts? I've been thinking of putting it on the house we own in Redding. It's a 4300 sq. ft. house on 20 acres. It'...