Dan Powers
Cobbs Creek Luxury 2 bed Rental
Investment Info:
Single-family residence buy & hold investment in Phila.
Purchase price: $110,000
Cash invested: $55,000
This was a classic Cobbs Creek 3/1 that was already gutted and framed out,...
Viviana Martinez
Full renovation and second story addition in Westview before & after!
Investment Info:
Single-family residence fix & flip investment in Devils Elbow.
Purchase price: $155,000
Cash invested: $220,000
Purchased this property in Westview and completely transformed it....
Daniel Loane
Legal risks - Rehab performed through power of attorney and not invoiced to the owner
Hi all,I am trying to buy a property before it's foreclosure auction scheduled in a few weeks. The lawful owner got into business with a crew of non-trustworthy people by assigning them Power Of Attorney. They have mu...
Jose Young
Problem with washer dryer machine
Hi there , I have a problem with a unit where we should not have included a washer drying machine and it broke down and would like to see what recommendations you have. I was planning to buy a second hand one but most...
Bellman Tumasang
Syndication fees explained
Everyone please help me out I’m really confused. Let’s say a syndication deal or equity fund consists of an 80/20 split, 1% acquisition fee on purchase price, 1% disposition fee on sale price and 1% asset management f...
Bob T.
Does bidding for "everything" include dumpster and porta potty
When request bid from General Contractors my SOW stated bid to include everything from gutting to buy materials and rehab per plan. BP member's suggested the bid to separate for labor and materials. I was surprise...
Sue T.
Rule Of Thumb Operating Expense for Retail Properties
Hi,
Is there a rule of thumb for operating expense ratio for retail (non NNN) properties? What if the owner is only responsible for roof and structure? Is there an "average" estimated vacancy loss that you use to e...
Dan Brainard
Estimating CapEx and Maintenance/Repairs in Tampa, FL and beyond
First time landlord to be. I'm looking to forecast and budget for 1) capital expenses relating to big ticket items (roof, hvac, appliances, unforeseen etc.) and 2) ongoing repair and maintenance costs. I've searched t...
Linda M.
tax deduction for for items brought separately from renovation
I purchased a multi unit property ,the renovation was included in the mortgage my question is ,when it is asked on the tax for depreciation the purchase price do i use the sale price of the property or do i use the s...
Justin Reader
Pro Rated rent @ closing
Today I had closed on a duplex, signed all the necessary papers and after I had left I realized that I had not received the rent checks or the security deposit from the seller. I had called my agent, he reached out to...