Kellan P.
Questions re: the 2% rule locally, + estimating maintenance costs
This community has been great so far. I've been making my way through the podcasts/forums/other resources, and have been learning a lot. I have a few questions for the guys in London, Ontario about the 2% rule, as wel...
Kenneth LaVoie
Lease option clauses, etc.
Hi All
I'm SURE this question has been answered to death, but my searches turned up too much material to wade through. I am purchasing a "pair of houses" for $57,000 and will do some repairs, cash out refi, then leas...
Josh Taylor
Multifamily appraisals: how do they work?
Can someone explain to me how appraisals work on 5+ plus MF units? Im looking at a 8 unit in my area that is a value add property. Do they appraise by sq ft and compare to other properties or what? Also, if the prope...
Joey Fontenot III
Landlords with 10+ Properties
I wanted to ask all of the landlords that own more than 10 rentals.
Do you manage them all yourself and if so how much time do you spend a week doing it? Do any of you have a property manager and if so how involved a...
Dru Steeby
Deducting Capital Expenses and Maintenance
Hi BiggerPockets,I have a question about taxes that I can't seem to find the answer for on google. In my breakdown of my rental property I put away 5% for CapEx and 8% for maintenance. If I do not use this money in a ...
Jeff Brown, Jr
Help w/ Expenses and NOI
Hey everyone,Recently joined the community, but have been interested in Real Estate for awhile now. I was hoping to get some insight regarding expenses and NOI. I have read different things and some estimates vary g...
Dave Green
Advice on the next move
I realize that I probably need to hire a financial expert to truly assist me with this question, but I’d like to ask the community how they’d look at this situation beforehand because my wife and I are relatively new ...
Paul Lee
Denver, CO Triplex Deal Check Request
Hey BP members,
I need a quick sanity check on the math here just to make sure I'm not biting off more than I can chew. I'm currently under contract for a triplex, which I will be occupying one unit (2 BR, 1 BA) fo...
Brice Hall
Purchasing 4 low income rental properties analysis and discussion
Hello everyone!As the equity market gets more and more unpredictable i'm looking at putting money in real estate rental properties. This will be my first deal and venture into real estate. As i am living in NYC curren...
Allison Escovedo
Should we close on this 4 unit?
We are under contract for a 4 unit apartment complex in Taft for $170k.Each unit rents for $575. Currently, there is 50% vacancy. It was advertised as fully occupied. I talked with one of the tenants who has lived the...