Myles Cheatum
Oklahoma City washer/dryer expectations
Hello! About to close on my first rental property in OKC (B class 4/2). Anyone who operates in this market have some insight on whether a washer/dryer combo is usually provided or would most prospective tenants expect...
Matt John
Some lessons learned from my first deal (buy and hold)
1) Don't put 20% down. Especially if you are just starting out and don't have tons of cash and therefore won't be able to move on your next deal if you do put 20% down. Lenders love that 20%, but it just isn't necessa...
Dulce Beltran
Building class: What makes a Building an A class
Hey BP!
Am looking into commercial residential and want to know the differences between a class A, B, C buildings. Besides the ubiquitous letter grade, what actually makes the building class a C vs an F aka a war zo...
Michael Jones
Appliance Repair Questions And help For Landlords.
I see a lot of questions about appliance repair here on the forum and thought I would offer some help. I have been repairing appliances for many years and there are very few instances when an appliance is not worth fi...
Ryan Wiles
My due diligence if up tonight. Help!
Monthly Income:$1,550.00Monthly Expenses:$729.81Monthly Cashflow:$820.19Pro Forma Cap Rate:10.26%NOI:$13,856.00Total Cash Needed:$71,250.00Cash on Cash ROI:13.81%Purchase Cap Rate:16.30%What do you guys think about th...
Terry Royce
Owning/Renting Garages
I was wondering what members thought about owning/renting garages?
Here, in Baltimore you can get a small row of garages4-7 for about 5-20k depending on level of work needed and rent them anywhere from 65-100 dependi...
Clay Kallman
Bulk Kitchen Appliance Installations
We are replacing kitchen appliances in 45 units, and I've got to believe there are people in this community that do this far more often than we do and can offer advice on vendors and logistics.These are occupied units...
Brandon Pelfrey
How much do you budget for maintenance/repairs per month?
How much do you typically budget each month for maintenance and repairs? How about capital expenditures?
Johan Zafra
Is capex same for condos?
When analyzing a condo, which has an HOA fee that covers most of the maintenance expenses, should I make my capex and deferred maintenance lower? What should that be? 5%?
Jordan Greek
Appliances - pros and cons of providing
As renter, the units always had appliances. I never thought twice about it. Now as a landlord, I’m faced with a decision to provide appliances or let the renter provide them. To define appliances, my scenario calls fo...