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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...