Paul L
Duplex under contract
I've got my first deal underway. Monthly rent $1600 total for both units. ARV 130K. Picked it up for 62k, and it needs ~20K of rehab. We close in 1 month. I'm intending to do the interior painting myself so that shoul...
Cory M.
Cost to Replace Toilet Fill Valve & Supply Line: Is $365 accurate costs from my PM?
I just got billed $365 by my property manager for replacing a toilet fill valve and supply line. That seems a bit high to me, but I figured I should check before I get too upset about it. Does anyone local to Memphis ...
Avi Bohorodzaner
Contractor for $100/ft
Hi All,I wanted to see if it is possible to get a builder for $100/ft for a new home? I have been getting numbers closer to $300/ft and if that’s the case I will not be able to move forward with this project. Would lo...
Justin Green
Creative Financing
Question for the BP forum? What do you do when you are tapped out of liquid cast to jump on a deal? This is for general knowledge and also evaluating my situation question. Say you have a seller that wants out complet...
Robert Miller
How do you Determine "As Is" value of a Property?
Not sure if this is the right place for this post.If not,moderators please move it to the proper forum.Ok I have a HML that only lends on the As Is value of the property,they don`t use the ARV.So my question is How do...
Nadir M.
Selecting a tenant but not 100
Has anyone had any experience with picking tenants that were maintenance supervisors or handyman? I ask because I’m not sure if anything were to break whether they would want to fix it themselves or not and ask to tak...
Harold Hanlin
Value of fixing up a mobile home on 21 acres
My wife and I own 21 acres in the country outside of Austin and it has a mobile home on it. The place is currently unlivable, but (with some work) could be brought back to life. It is not dead, but also not usable. I ...
Mark Douglas
PM Charges 17% Flat Fee - C class Area
Interviewed a PM company. $75/door/mo flat fee. I'm evaluating an 8 unit, which would cost me $600/mo. No other extra charges (re-lease, etc.) but this certainly eats into my CF. They seem EXTREMELY thorough - Mo...
Corbett Brasington
is 1/3 materials, 1/3 labor, 1/3 profit still what most GCs expect?
I am asking this question for two reasons:1. Is this what a healthy project looks like to a GC? Markup recommendations are all over the place from 20% to 67% and I don't know what is reasonable. I don't want to dea...
Austin Good
Best Ways to Cut Costs on Rehabs
Hello all,
Although I am not new to BP, this is my first post. I am a real estate broker and a real estate investor. I run a traditional real estate team as well as buy, rehab and sell properties. Last year we bought...