Garrett M.
First BRRRR Deal: Appraisal came back waaaay higher than expected
I find myself in an odd position. I just got back the appraised ARV value on my first BRRRR deal and I was hoping for/ expecting a value of 140K. Well, it came back at 180K. I don't actually believe the home is worth ...
Anita Williams
Hard Money Lenders
Looking to do my first flip with low funds....is a hard money loan the way to go?
Julie Dillon
What to do with extra money from cash-out refinance
About a month from now, I'll close on our cash-out refinance and get 50K but only need about 40K to buy our first investment property (a duplex). I'm not sure what to do with the extra 10K. It's a waste to just put it...
Len P.
Cleaning in between tenants
Hi everyone!A tenant just moved out of one of my units and my property manager charged me $480 to clean the unit to get it ready for the next tenant (he used an external service and charged me at cost). That is almost...
Brit Hale
Buying in LLC vs Personal Name
In regards to purchasing long term hold rentals:
In my market, it seems that an investor purchasing a rental can get a 30 year fixed mortgage in the range of 4.0%-4.5% with 25% down when purchasing in their personal ...
Michael Krassos
Need Help: What does it mean when my Cash-on-Cash percentage is lower than my Cap Rate?
Stay away I imagine, but seriously I'm analyzing a deal and want to make sure I understand what is happening.
It's a 2-family to buy and hold for $400,000, will put down 25%, so mortgage at $300,000.
Income is $45,...
Jason St John
Property Management Duties
Hello!I am wondering what are normal duties for a property manager? Is it the responsibility of the PM to have the lawn(including spraying for bugs) and pool serviced? Reason I ask is; I'm going to be renting out my p...
Chance Schrettenbrunner
Should I let septic stop me from moving forward?
Hey all
Looking to buy my first deal, I have 2 options in front of me. One is a duplex, 2 bed 1 bath each side, with one side having a opportunity to convert the extra family room into a bedroom, and it is in a class...
Glenn Willeford
Duplex Analysis
Long time reader but it is time to get the feet wet. Asking $95500 for a duplex that was gutted and rehabbed about three years ago. Everything new except the roof.Unit 1: 1 Bedroom/1 Bath, rent is a combination of sec...
Angela Armstrong
Tenant Turnover Situation
Hello, I’m sure I do not have a unique situation but it is the first time for me. I had a tenant give the proper 30 day notice that they will be terminating the lease because they will be purchasing a home. I’m the me...