Hi! I am self managing all of my properties and at the beginning I just signed leases with fixed utility amounts for simplicity. I’m realizing that was a mistake because the tenants are running up the utility bill. Pu...
Hi!
I'm new to the group and RE investing and have been trying to analyze a deal a day. I am having a lot of trouble with estimating interior rehab costs. I know it differs greatly based on location. Ill attach a pic...
Ready to take on that first or next fix and flip? Before you roll up your sleeves and start swinging that hammer, there's something crucial you need to know: the hidden costs that can quietly sabotage your renovati...
My husband and I want to purchase a 2nd rental property. We have been listening to the podcast and reading the books. It seems like the advice when running the calculators is to budget $100 per unit each for cap ex, m...
I am very familiar with this rule of thumb, however it seems so misguided and arbitrary and takes into account almost nothing other than a base rental assumption.Say you've got a 10 unit building and most tenants are ...
Is there a standard fee or equity split structure for someone acting as a KP (Key Principle) /deal sponsor / loan-guarantor on a multi-family acquisition? Let's say all they do is co-sign the loan, without bringing an...
I've been investing in Michigan for a few years, but haven't ventured into Detroit until now. I've got some leads on nice houses, but I don't know the neighborhoods. I understand Detroit has a checkered history with b...
I’m having a hard time figuring out how to calculate repairs. I have a few of questions.1. How do you figure out what percentage you should set aside from your rental income per month for repair costs?2. In “The Book ...
I recently just purchased a duplex that has a garage in the back.
Both units are rented and the garage is rented to the neighbor. The first floors electric is tied into the garage, and I'm looking to put the utiliti...
Guys hi
I want to take credit line from my bank(chase)
just spoke with my business banker and she said that i can count on 10%-15% APR.
I am looking to get 30K credit line.
How do the interest and payments calcula...