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I finally have my 2nd rental under contract. Set a goal this year of 4 units and currently half way there. Details: 3/2 single family. Arv 135,000Purchase 72K Rehab budget 25K Rents $1400Thoughts ?
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We are in the midst of a rehab (doing the work ourselves) and looking to see if anyone has a good app or website they use to keep track of receipts, able to itemize each cost and then export to CSV or PDF for tax and ...
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Hello all!I’m a new investor here in Chicago and for my next investment property, I’m looking to purchase a multi-unit building using an FHA 203K loan. I have a question regarding the loan amount that I haven’t been a...
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Investment Info:
Single-family residence buy & hold investment in Indianapolis.
Purchase price: $26,500
Cash invested: $21,500
It looked like, at the time, we could get $700 for rent for a 2/1 in...
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Hi BP,Rookie doing my first BRRRR (and first deal overall) with an experienced partner and started reaching out to wholesalers. One of the more established ones does a double close and requires you do no due diligence...
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I am scratching my head trying to figure out how best to report the auto expenses we incurred for two of our properties in 2012.
One property (A) is out of state, so we had to drive some ten hours one way to clean u...
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Aside from the obvious, make sure payments are in on time and property is taken care of (which is in lower tenants lease as his responsibility)How often do you guys and gals check up on your properties both inside and...
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Any help on this is much appreciated. I've had an off market, bank owned rehab deal brought to me by a broker we've bought from before and trust. My specific question is how to go about inspecting a complex this large...
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Hello,
An emergency electrical issue affected the plumbing lines too, and I am quoted the below price for repairs. I am waiting for more details on the actual problem, but this quote seems really high. I need some he...
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hello BP, question about doing my taxes this year.. I bought a duplex and took out a 20,000 loan to fix it up.. I would like to buy another property this year and need every penny of income to help show the bank to qu...