I'm new to the world of retail appraisals, as previously I've always sold to investors and never allowed for an appraisal contingency. I'm confused how values can go up and if the appraiser is using comps.
I liste...
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Duplex:
-Purchase price: $155,000
-600 sqft 2/1 each unit
-1979 concrete
-Rents for $1,000/unit/mo
-PITI is $940/yr
-Property management fee: 7%
Option 1:
I've put probably $25,000 cash into upgrades and rep...
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This is probably going to fall under the category of need more info. I've rehabbed multiple houses but have never added on. Wondering if my ballparks are even close to making sense.
Listed price: $300k, 2/1 1100 sqft...
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Hi BP Community! Long time lurker, first time poster here…I was curious for customer service feedback on my rentals, specifically how you all handle certain issues. I’ve been told I’m “too nice”, but I’m curious about...
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Hi All,What are some of the qualities that I should use to compare conventional lenders? A friend of mine, said to get these to compare.Good Faith EstimateInterest Rate APRBank FeesRight now my wife and I are on the ...
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Hello All,I am looking for advice on how to figure out CapEx when running the analysis on a deal. I have seen many different ways, but when trying to do it quickly I become quickly unsure. This seems to be the one ite...
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Lately I have seen a number of posts from what I consider some of our most respected posters on the board using standard procedures to calculate returns. One of the calculations that happens frequently is that someon...
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Hey BP,So I had my first fire in one of my rentals. This was an electrical fire and NOT the tenants fault. I filed a claim and my insurance company is estimating the damage currently. This is a 4 unit property and luc...
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My wife and I are getting ready to move to Memphis to be closer to family and have a beautiful old home in the Evergreen Historic District under contract. We plan to do quite a bit of work over the next 1-2 years but...
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I'm looking at this property that states it is 3 bedrooms. It appears that way, but after looking closer, one room has a custom made "closet" in an open space. It also has no door and is, in my opinion, a bonus room...