Precious Thompson
Budgeting for Expenses
When budgeting for expenses what is the average percent most investors take out for things such as vacancy,maintenance,property management,etc?
Bridget Chase
What is the right price?
Does anyone have a good rule of thumb for when it comes to flipping? How do you know what the right purchase price is? What kind of "contingency" do you use for unknowns?
Aaron Donnachie
10-Unit in Lebanon PA!
Investment Info:
Large multi-family (5+ units) buy & hold investment.
Purchase price: $400,000
This was an off-market seller financed deal with a local investor who had owned the property for over 30...
Matthew Hamilton
Triplex analysis help!!
Hey guys was wondering if I could get some feedback on this property! This would be my first rental property and if not its great practice!Listed price: 250k Financing plan FHA 3.5% down payment. Property currently ...
Tim Johnson
What would you do? Security deposit question
1) If the carpet's already old enough to need replacement within the next year, would you deduct carpet damages from a tenant's deposit?2) How do you calculate the "reasonable wear and tear" on carpet (or other assets...
Simon Knudsen
Building from 1895 - how thorough should one be?
Hi everyone,I'm somewhat hesitant of buying a building this old in terms of not being able to discover all the "hidden" and perhaps critical issues that might be present. Besides having an inspector to go through the ...
Kenneth Cowan
How much $$$ to keep in reserves when starting out
Im interested in this question for myself, and I'll give some details on my situation below, but I'm interested to hear what some of the experienced folks had for their experiences. I'm sure the range will vary.
How...
Account Closed
Order of Rehab- First flip, need help
Hi everyone, I just closed on my first investment property this past Monday. I'm strongly considering managing the project myself. I received a very high bid from my contractor and that's why I'm debating running the ...
Ehren Williamson
Newbie looking for Apartment Complex advice
20 years of age Texan. I have made roughly 20,000 dollars this year flipping houses. I have suffered a lot of profit loss from under estimating expenses. I am getting tired of flipping and am thinking about getting a ...
Derrick Jordan
12 Unit Apartment deal - Seller wants to sell with assumed Mtg
Hi All,I wanted to lay out a deal I am looking at and get others opinions on quality of the deal and of options to finance considering the assumed mortgage.Asking Price: $1,425,000Mtg to be assumed: $720,000; 4.68%; 5...