Hey there, I have a property under contract that has an illegal garden unit (only 1 egress) but when I submitted it to the city website it was approved for an additional ADU. Given I’d like to rent this unit out, what...
Investment Info:
Single-family residence fix & flip investment.
Purchase price: $452,000
Cash invested: $452,000
Sale price: $542,000
Major upgrades; Replaced kitchen cabinets and counter top...
Hi. After reading all the books, I have decided to purchase a new home-but with the intention of renting out two rooms, and still make a profit every month that I can save to reinvest later. I don't ever hear much abo...
HelloI have a tenant who is asking for upgrading carpet and flooring, while its not in bad condition, it is getting old (~7 years) - I agreed to get it upgraded. The installer said it will be ~6-8 hours job and can fi...
Hey all,So I purchased a property in July of 2018 as a permanent residence. I purchased it for $164,900 and it needed a bit of work. I’m a contractor so I was able to do everything myself which saved me a ton of money...
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $12,000
Cash invested: $30,000
This place gave new meaning to the phrase "deferred maintenance"! It had gre...
Investment Info:
Single-family residence buy & hold investment in Peoria.
Purchase price: $280,000
Cash invested: $30,000
The goal of this purchase was to replace my landlord, get started with re...
Hi Everyone,We are custom finishing one of our flips for the first time. The interested buyers have loosely agreed to a 5% deposits and a (negotiable) 50% deposit on any upgrades. They haven't yet asked me about ref...
Hi BP friends. I’m going to be closing on a property that requires the entire home to be upgraded from knob and tube.
Here’s the numbers
Purchase Price $44K
Knob and Tube upgrade $13K
Insurance premium $2246/yea...
Didn't realize the different types. I have multifamily properties and was looking to step up from Quicken Rental Property Manager. I was browsing the Quickbooks website and see there are a number of products.
Whic...