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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% ...
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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...
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I put an offer on a property and now shopping for a good source to finance the deal. Here are the details:
- REO Bank owned. purchase price 180k in Lowell Massachusetts. 2 family residential in a great neighborhood, ...
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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...
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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...
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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 ...
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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...
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I'm analyzing a bunch of properties at the moment, what's your go-to way of estimating the amount of rental income you'll make on a property?Right now I'm just typing in "rent house in (zip code)" which gives me a gen...
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Is there a program out there that estimates the rehab costsI am looking for something that does materials and then laborsome ideas of what I am looking for....I can input the cost of a door (based on the type of door ...
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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...