Hello ,I ve acquired a property in central PA and am renovating it before renting out. I have bids from 3 contractors so far and am getting big variations between contractor quotes.Wondering what the approximate costs...
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I own a 2 family out right that’s worth $300k. No mortgages. I also have zero personal debit besides a $400 credit card. Credit Karma says my score is 675. I recently open up a business for Electrical contracting and ...
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My wife and I are considering turning a property into and Airbnb rental, and we’re looking for some beginner’s tips on the subject. We know we’ll need to furnish it as well as supply cable and internet, and that we’ll...
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BP,
How would you recommend putting together a fair offer? Check out the below example:Value = NOI / Cap Rate2019Value = $35,350/ 8.40%Value - $35,350/ 0.0840Value = $420,833.33Is this a correct way to analyze the ...
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So I am in the process of BRRRR-ing. The house is older located in Norfolk, VA. Everything was recently rehabbed already. (kitchen, bathroom, downstairs floors, most windows, etc etc). Most of the interior rehab takin...
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In the last 18 months, my partner and I have bought 4 properties (24 units) in Fargo, ND or Moorhead, MN ("twin" cities). In my initial financial models, I was using 10% of gross rents as an estimate of ongoing maint...
My sister and I are inheriting a house my grandmother built in the early 1970s. The previous caretaker abandoned the house for the past 10 years after a large tree fell on the roof. Roof has many leaks, inside is a m...
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Thanks for everyone's insight on my previous first post regarding 4plexs. Anyways my next question is what is your opinion on a single family home 4plex conversion vs a normal 4 plex. Is the individual metered units a...
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I am looking at an investment property in the Dayton area. I am asking for help finding the costs for the following: INSURANCE, WATER, GAS, ELECTRIC. Thank you for you input. Please post your experience or any helpful...
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So the heat pump broke on a rental of mine. So the house was heated by the strip heat. This caused the bill to go up. The tennants are wanting me to pay the increased bill. Should I? Should I pay a portion? If so h...