Good morning BPAs I spend more time practicing analyzing deals I know the rehab piece is one spot i need some help. I’ve heard plenty of warnings about misestimated rehab costs, and i know that this is definitely not...
Hey, I'm working on a spreadsheet and I'm wondering:
Does the Net Operating Income include deducting the costs for the "big items" that happen every so often, like roofs, parking lots, etc? I mean, if I set aside 3...
Hello everyone , My name is Rob , I live and will be investing in Colorado Springs (Possibly Pueblo) I'm new to investing in real-estate but pretty well versed on investing in equities. I'm 36 years old , I serve...
I typically always do 1 year leases but I had recently agreed to rent my unit on a month-to-month basis to someone starting 6-1 while they had a new home constructed estimating that it would close sometime later this ...
Okay so there is this guy, he wasn’t very wealthy at all. And now he owns multiple high rise apartment buildings. And is loaded. My question is after he got the first one. And paid all that money. How did he afford to...
I am writing about this on BP because I just found out about it and there are bound to be some tax wizards on here that know about about the game theory needed to navigate our ridiculous tax code. I stumbled upon thi...
Hey everybody, my name is Clayton Cook and I play baseball in the Texas Rangers organization. This past offseason (October-early February) I decided i wanted to get into real estate, seeing as I had no prior experienc...
So I'm all set to close on a rental property next week, my first. In calling around for Fire/Dwelling quotes the numbers I am getting vary wildly, from $340 a year up to $800 a year. While I expected some variation,...
Hello BP Community!
I have just purchased my first home in the Northern Virginia area and plan to house hack the property with two other roommates for the next two years. It is a three bedroom townhouse in an appreci...
Had some leases expiring this month and was on the fence about offering them to renew, but I still offered renewals at an increased monthly rate. This tenant is staying in a 1br apartment, at the old rate of $350 doll...