Jay Bob
Residual income estimates
Below is a letter I received from the bank I applied for 5% down conventional mortgage loan. Why they need this information and what this means to me? I have not received the form they want me to sign yet. Should I be...
Julio Gonzalez
Increase Cash Flow with Accelerated Depreciation!
Did you know that you can increase your cash flow simply by utilizing accelerated depreciation of your real estate property? By accelerating your depreciation schedules, you reduce your taxable income which in turn in...
Erin K.
Insurance question for buying new properties
When we purchase a property and go to add the property to our policy, they always want to know what year the electric and plumbing was last updated. Frequently, either the seller doesn't know, or when it is an REO or ...
Eduardo Rodriguez
property conversion analysis (first post)
Hello BP community, so I have been lurking for a few weeks at all the posting and advice on the forums and have finally convinced myself that in order to maximize earning potential on a property I have been holding fo...
Taylor Thompson
Help estimating CapEx: Analysis shows $800 for $250,000 4-plex?
Hi, I'm trying to decide whether to make my first offer on a 4-unit, and my cashflow analysis depends entirely on what I budget for monthly CapEx. My estimate shows around $800 in total CapEx, which amounts to 20-30% ...
Ursula Lovings
Comparing Contractor Estimates
I was hoping to get some professional opinions and expertise. I have 2 quotes for renovation work on a house. One quote has the items listed, shows the price of each item as $0 and then has a final total. I have no...
Jordan Archer
What's a good site to find rent rates of an area or a specific unit?
Hey BP,Just wanted to estimate my revenue for a property I'm looking at, and wanted to know where is a good place to find/estimate the rent.Thanks
Account Closed
Converting School To Apartment Complex
Hi All,I have recently had an accepted offer on a property in NS. It's a retired school and I am looking to convert to an apartment complex. The property is in very good shape and I've now got to line up financing to ...
Michael Storch
Learning to estimate rehab costs
Hello BP members,I am new to REI and have only read a couple books on the topic. Are there any ways that would be recommended to learn to estimate rehab costs better? Obviously this will come with experience, but init...
James Dean-Howell
Newbie in Lansing, MI looking for help on next steps.
This is going to be a really long list of questions so I really appreciate anyone who takes the time to help me in any capacity! Alright so after mailing a few letters, about 50, I've started getting calls from local ...