How do you find investment properties nobody else is looking for—the ones with cash flow potential, equity upside, and wealth-building qualities all the other investors overlook? Simple: buy what nobody else wants. Fo...
Jeff L.
How do you calculate CAPEX cost for an aging roof (or other big ticket item)?
Let's say you're looking at a property and the roof (or furnace, or whatever) has 7 years left on it. A new roof will cost $3000.What formula do you use to calculate that expense into your property analysis or cash on...
Rick L.
How do you haul large items (lumber, appliances, cabinets, etc) to and from your properties?
I'm not at the point where I think purchasing a truck/van to haul supplies (-ie, lumber, cabinets, water heaters, etc) is justified. However, I do need to find a way to haul large items from Lowe's/Home Depot to my p...
Brad H.
How do you pay for items on a rental if no rental segregated savings yet?
Let's say I'm looking to start renting primary residence in April. Driveway needs redone. Renters move in. Rent covers mortgage + $1000/month. Driveway cost $6k. I wouldnt have enough in my rental designated bank acco...
Donald Tsung
Is a private money lender that will finance the following 3 items (all 50 states)?
I am a certified private money broker. A client asked to research this.Is a private money lender (PML) that will finance the following 3 items (all 50 states)?
1. 100% of purchase,2. 100% of repair and3. up to 10...
Jay Hurst
What goes into cash to close? What are closing costs and what are pre-paid items?
There is a lot of confusion about what comprises closing costs and prepaids and understandably so. I see a lot of posts on Bigger Pockets asking if I should refinance because my closing costs are XYZ. Often, these num...
Dan Brewer
Do You Send your Tenants a Fall Maintenance Letter? What items should be included in the letter?
There is nothing like preventive maintenance! Its natural human instinct to take better care of things we own, and less care of things we don't own. Like a rental property. I think its a good idea to contact your ...
Josie Shaw
Negotiating post-inspection (first time buyer)
Hi,My husband and I are first time buyers (not just investment properties) and we recently put an offer on a duplex. The inspection report came back last week, and as expected for an older home, there was a lot. We su...
AJ Satcher
How Many Inspections is Enough?
Hello all,I'm in the process of closing a deal, so far I've had 2 inspections.First inspection - Necessary. Items were brought up by inspector, no questions about getting this one.Second Inspection: To address some of...
Katie Anderson
Accounting for Closing Costs?
How do you account for closing settlement charges and expenses such as escrow fee, title insurance, wire/notary fees, recording fees, items payable in connection with a loan (on the seller side), appraisal fees, etc.....