Jonathon Klem
Establishing Budget For Improvements
I recently purchased my first property. I factored in mortgage, taxes, CapEx (at 3% per year of purchase price), and a 5% vacancy and I'm looking at a 13.69% Cash on Cash return.When I purchased the property, there w...
Nhi Nguyen
Marketing a SFH with attached ADU
Hello BP. Hope all are pocketing your big pockets nicely for the new year. 😁We’re marketing our new purchase in the Bay Area (CA) for rent and have some questions about wording the description. It’s a SFH and previou...
Alex Baev
Added value of a new HVAC system
How much value does a new central air system add to a property in your area?
Assuming the house had nothing but a gas wall heater (required by code), and you're putting in a complete HVAC system, with ductwork, compre...
Sam Byrd
Define "Over Improving"
How do you define "over improving?"Is it improving to the point where it increases cost to recoup?Is it improving to the point that the end result is conspicuous relative to similar properties?Both, something else? I...
Billy Bell
Walkaway from 1st wholesale deal-buyer backed out at last minute.
Hello BP Community,I have my first wholesale property under contract, and had a cash buyer lined up until yesterday. He backed out at the last minute because of the septic tank. The septic system was inspected and is ...
Mathew Fuentes
Estimating rehab costs per square foot in Bridgeport Ct.
Hello everyone . so im crunching numbers before my first fix and flip in bridgeport ct . Every GC I've called has given me a range in price per square foot . So its a bit hard for me to Guage an average If any of you ...
Robin Simon
Real Estate Investor Financing 101: 1007 Form
From a twitter series:Why is this boring innocuous sounding form is so crucial to financing your real estate investment properties?What is the 1007 Form?Standardized Fnnie Mae "Single-Family Comparable Rent Schedule"...
Thomas C.
What to do with walk-out basement?
Hey everyone! I am considering purchasing a property in Pensacola, FL that is a 3 bedroom/2 bath with about 2,000 square feet. It's not exactly what you'd traditionally think of with a split level home, but all 3 bed...
Ryan Thomson
BRRRR #1 - to furnished rental
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $270,000
Cash invested: $60,000
A duplex that needed a LOT of work. It was an expired MLS listing. I wrote o...
Brandon Hughes
Establishing Value on Multi-Unit Property.
I'm having trouble valuing a multi unit property for sale in my area. It is a homepath property and cashflows better than anything else in the area. I plan on occupying one unit for a year then moving out to purc...