Investment Info:
Single-family residence fix & flip investment.
Purchase price: $180,100
Cash invested: $35,000
Sale price: $235,000
3,610 sq. ft.
2-story colonial style
5 bedrooms
2 full, 2 ...
When you go beyond the 50% rule and start trying to estimate expenses in more detail, what do you use to estimate maintenance and repairs for an apartment building of say, 20 units? I know there will be a big differen...
Hi BP! I bought my first property in 2015, a fourplex in Midcoast Maine. Paid $180k, 25% down with $15k repairs. $60k all in with gross rent of $3,300 and cashflow of about $800 per month. For me, this first deal...
In an upcoming project (SFR) I need to replace the siding, windows, and roof...typical I assume but this is my first. I'm wondering in what order this should be done.
Roof I really dont have any thoughts on.
I fee...
We have an 8 unit apartment building. Although we have owned it for 4 years, we just realized that the bathroom and kitchen fans don't vent outside the building. They vent under the roof.We are in the Detroit MI are...
This would be my first RE investment. Long time researcher here on BP.With 900 purchase and 180K gross rent per year (100% occupied), I was hoping for much better CoC (20-25%) but when I plugged in all the recommende...
My name is Brian and I have been part of biggerpockets for a few years now. I am on my 4th property and having some ups and downs. A few of the properties I have bought I did expect to break even or slightly appraise ...
Before I start, I want to give context in how this method has allowed me to save/invest 51% of my yearly paycheck for the last year. Before you say, “I can’t do that, I have bills, student loans, high rent, etc.”I am ...
Happy Friday BP!I could use some guidance. I feel like I see a lot of distressed properties that I want to flip/ I think I just have hard time determining construction cost for two different reasons. The first one bei...
I'm sure this is very much YMMV, especially based on location. My question applies to single family homes and townhouses in good parts of the Boise ID area. The units are not luxury units, but they are respectable and...