Anthony Harris
Determining Comps
Hi All,Looking for some advice from any experienced Investors out there. So, I got my first property locked up and I'm not sure if my numbers are too high when trying to find my end investor. The comps I used are sim...
Mindy Jensen
What to do with a Mansard Roof?
I found a really ugly house today. Going for half the price per square foot of the rest of the houses in the area. Huge potential, but one of the limiting factors is the Mansard Roof.Have you ever purchased a house an...
Uriah D.
Replace 3 year old roof?
Going on j.scotts 75% rule (and common sense ) I heard in a podcast I wouldn't dream of replacing a 3 year old roof. However, the house is a high end rehab and the 3 tab looks cheap. House is a ranch style with a walk...
Patricia Sander
Seller refusing asked for credits, offering repair credit instead.
Some rookie mistakes made here but I wanted a second opinion. I’m under contract and inspection showed up some issues with plumbing and the roof. I spoke with attorney and said basically I would just ask for a credit ...
Steve Weihe
Would you buy a 4 plex at market/retail price?
Hey all,Looking at a 4 plex for $165,000. Needs minimal rehab, is in a C neighborhood and is fully occupied. Rents are at $500 each. Came out to $350/mo cash flow total (just under $100/door) with a 11.40% COC retu...
Lee Carrell
Copper or Shingle roof?
It seems to be somewhat of a problem to get a qualified roofer to replace copper for less than an arm and three legs! I know that copper lasts longer than asphalt shingle and is more complicated to install. The copper...
Joshua D.
I like sfh's more then apartments. Am i crazy?
I like sfh's more then apartments. Am i crazy? Seems to me at least in my area its a better business model.
Example so i looked at i thought was a steal for a 5 unit for $60,000 but in a bad area. It would cashflow ...
Brendan L.
Seller to make repairs before closing instead of price reduction
After an inspection, I asked for an additional amount off the selling price. Seller claims that the reduction won't clear his costs with the bank and realtor. He wants to take the repairs I noted and have his contract...
Chantel Porter
Investing in Properties
When investing do you look for appreciation or cash flow. Whats a good cap rate?
Edmund Li
Capex reserve for cheaper props
I am a newbie investor looking to get my hands dirty with my first purchase. I have been in search for my first rental property for a while, and I haven't pulled my trigger because I couldn't get the math right.I've f...