I have a 2,500 sqft home in Fayetteville NC valued around 315K, 4 bedroom 2 1/2 bath 1/2 acre. Built in 1989, located in a desirable neighborhood. The house needs some rehab I'm guessing $25-30K in rehab expense to b...
I had my inspection yesterday and the inspector pointed out that aluminum wiring could be an issue with the insurance company. He suggested seeing if they would accept adding arc-fault protectors in order to write the...
Ok so here is the deal. We are potentially looking at purchasing a corporate housing project that has 40 units. The project was built in 2010 and is pretty much classified as Class A (stainless steel appliances, wo...
I helped my parents purchase a three-story (plus partially finished basement) building that has a four-stop, passenger elevator last year. As far as we know, it was installed when the building was originally construct...
Hello All! I'm new to the machine side of the laundry business and trying to gain a better understanding of cost associated with providing machines in a multi-housing environment, ie: apartments. I am researching for ...
Who do you recommend for getting a business line of credit of up to $40,000? I need to have funding in place just in case I need it in the near future (2 - 4 months). This is a start-up company and the base has been...
Hello BP!
After a few years of house hacking, I am now gearing up to purchase an out of state (multifamily) investment property (sole proprietor at this stage).Apart from insurance to cover property damage, I plan to...
Do you guys out there have your tenants take care of their own lawns in a multi family situation? Our property manager feels it is best if we do, so there aren't disputes between tenants. Thanks
Looking at a Laundrymat opportunity...both biz and building. Give me your thoughts on this deal:
Purchase $300,000, Seller Financed 30k down/4%interest/30year w balloon after 10 years
Gross Revenue $4800/month (24 ...
Hello, I'm thinking about purchasing either a coin operated car wash or laundry with good financials. My concern is that they are harder to operate than it looks. The laundry mat is in a mid-low income neighborhood ...