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Hey all,I was talking to another investor in the area (York,Pa) and telling him about how I plan to fix up the kitchen and bathroom in a home I'm living in, which is a duplex 3bd/1bt and 1bd/1bt. Then I planned after...
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Just seeing what is the correct thing to do. The plumber let me know while fixing a leaky faucet the house is filled with roaches. The same day she let me know a 3 yr old oven has an error code. I sent whirlpool te...
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I am considering using a HUD 223f loan to refinance a 100 unit conventional apartment complex. As part of the closing process, a PCNA (Property Condition and Needs Assessment) will be performed to determine what repa...
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Investment Info:
Single-family residence fix & flip investment.
Purchase price: $280,000
Prior to purchasing Bel Air, it was evident that the property was in need of a top to bottom renovation. This ...
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I am buying a brand new construction and was wondering if it makes sense to spend the $400 for a home inspection? What could possibly turn up with a brand new build? I am open to hearing all opinions.
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So an experienced CPA recently told me that essentially all costs incurred prior to placing a tenant are considered to be acquisition costs and get written off only as depreciation. Is this true? I'm sure he knows wha...
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I have seen many examples of 'cash flow analysis' Rental Income minus expenses, mortgage payments, and expected vacancy rate (let me know if I'm leaving something out). However I would believe that the rental income i...
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Hey y’all. We are scheduled to close on our first duplex in about a month and it’ll be a complete rehab using my heloc funds (tried to get a rehab loan but no joy since I’m not yet with a local bank. Yes, I’m working ...
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So my flip was finished in 60 days total, from purchase closing to going under contract to my buyer. It was about $30k or so in rehab cost. The buyer is using an FHA loan. The first red flag was the banker said, 'a...
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If you are truly a passive investor, I'd love to know what you wished you'd known before you'd started. I don't know what I don't know right, and I'd really appreciate the feedback, both for me as an investor who is ...