I am having a tough time understanding how $250-300 per unit is adequate for a CapEx Reserve. For example, if an HVAC blows out, that’s a $3000+ expense and there goes 10 years of reserves. There are so many other ite...
I have a property that I am looking to buy, which is currently benefiting from a 421-a tax abatement. The selling agent informed us that the taxes are $97 per month for this year. For the 2024-2025 period, the taxes a...
Either I cannot seem to find an answer to this on the web or I am using the wrong search terms. I am trying to figure out how to calculate ROI in the following scenario. Our original primary residence. Bought 18 years...
Hey, I'm working on a spreadsheet and I'm wondering:
Does the Net Operating Income include deducting the costs for the "big items" that happen every so often, like roofs, parking lots, etc? I mean, if I set aside 3...
For any members that invest in the state of Florida, when it comes to calculating capital expenditures (specifically a new roof and AC unit), how long do you estimate the lifespan of these items to be? If you go off s...
I am a newish investor and am struggling with how to establish my "criteria" for knowing if i buy a deal or not. Background, i bought a live in flip where I live in Maryland when i was 25 for 250k. I house hacked and...
Hello BP, I am getting ever closer to house hacking my first small multi on an FHA loan and have a quick question - We plan on buying with an FHA 3.5% loan, 30 year. I know this comes with two mortgage insurance premi...
Hi BP friends!
I am curious to hear your thoughts on the real estate market outlook for 2024. Specifically on whether the high interest rates will lead to an increase in mortgage delinquency rates similar to what we ...
When applying for a hard money loan, make sure you understand all numbers are going to be estimates until all of the variables are completed and final numbers are calculated. The hard money lender might be able to giv...
Question regarding presenting a new deal to family/friendsI have property in my sights, realtor, property management, and partner in place. Looking to bring on a handful of additional people close to me to get the rem...