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When analyzing deals, is it better to apply the 50% rule to a deal, or go through and apply a certain percentage of rent to anticipated expenses, being Vacancy, Maintenance, Capital Expenses, and Property Management? ...
One of my units in a 6-plex in Tucson, AZ has clogged drains. The plumber tried to snake it out but he couldn’t. He tried to scope to see what’s going on but he couldn’t see. He thinks there is probably some leak or p...
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Hi! I'm debating on how much to update before trying to rent. I "think" I can get $2700-$2900 for monthly rent (if I'm off I'm open to suggestions PLEASE!) Will it still rent when the interior is in original 70s condi...
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I know the building is old but it has a nice CoC.I am asking my realtor to get the maintenance/repair records to see what has been done in the past.This will be an OOS investment and my first investment. My realtor wa...
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I want to brrrr or flip properties and was super pumped, ready to jump in but I'm seeing the cost of rehab material out of control... Curious what other BP investors are thinking about these issues? I know you want to...
SFH that is 20 years old with original roof ( asphalt shingles; located in South TX).There is nothing wrong with the roof ( that I know of) but should I replace it anyway due to age, or wait as long as I can?It will ...
I had 4 different roofing companies assess the roof of my long term rental. All but 3 have recommended replacing the roof completely. It already has 2 layers of shingles, needs a cricket for the add-on chimney, new pi...
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I recently posted about a property with lead citations and Im needing some help as Im struggling to make the numbers work. The address is 3119 W 68th Ave in 44102. Im in contract at 66K cash, my bid came in at 42K (wh...
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Hey Everybody, after finding a potential fix and flip, I noticed mold and asbestos. That got me thinking about lead based paint. This is a house build in 1930 in Garden City, MI. What are the chances this house is cov...
I just picked an 8 units aparment building for only 25k in cleveland. It needs quite some work but not too bad for me since I got a good reliable guy who will only charge me 5k to get it all rent ready. Any other comp...