Michael Elifritz
How can I estimate road building costs?
I'd like to know how estimate the cost of improving raw land by building roads and extending utilities. Is there any way to get a ball park idea for this without engineering documents to generate a quote from an exca...
Wesley Thompson
Maryland Mobile Home Park Acquisition
I'm looking at a small MHP, 6-Units, in Maryland. It will be my fist MHP and commercial property. It's a small market about 30 minutes away from a small city in MD. pp=$305,000
4 of the 6 units are occupied at $850/m...
Michal Kolenda
Setting Up Landlord Bank Account
Hi all, I'm currently in the process of closing my first deal. I'm going to be house hacking a 3flat, and am wondering if using the PNC Virtual Wallet to manage the finances is a good idea. Has anybody used this in th...
Danielle Crawford
Fuse Boxes in a multi-family
Thoughts on purchasing a multifamily with fuse boxes..9 units, so a decent expense to update and the one thing that could make or break the deal. Current owner has had no issues in the 6 years of ownership and no iss...
Joe Roberts
Local SFR Lenders in Eastern NC
So I just finished BRRRRing my first property and my second is under rehab right now. My lender had told me that they would be able to refinance me out of both of them based off the appraisals, but now I found out tha...
Jasmine Anderson
Taxes for my single member LLC
Tax question for accountants, CPAs, or anyone that has knowledge on tax law: My LLC was formed late in 2015. Before the entity was officially formed, I had expenses that went toward my real estate business (RE courses...
Michael Olesky
income of 3x the rent question
I have a quick question about the general rule of a possible tenant having an income of 3x's the rent. Does this rule change any depending on number of kids? If rent is 1000, then an income of 3000 seems fine f...
Ian Kurela
Ohio Agents: Few Qestions!
Hi everyone,I have a couple questions regarding the Ohio salesperson licensing: First, I understand that an applicant must be sponsored by a broker. Does this mean I am required or expected to work under that broker i...
Sakura Myers
Initial Legal and Tax Setup for Newbie Investors
Hello everyone! This is my first post to the community :) My mom and I have purchased our first rental property in North Myrtle Beach, SC. From the start, I want to ensure we are correctly setup legally and financiall...
Nick Robinson
Maintenance fund for larger multifamily
Quick question for my apartment owners. How much money do you set aside for maintenance? For single family houses I usually plan on keeping 10% of the purchase price. For example $100,000 keep a maintenance fund aroun...