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Sewer cleanout installation cost (2023)
what’s the installation cost of sewer cleanout (in Kansas City but other low cost cities are fine too)? Someone else that I trust booked the contractor and I’m presented with a bill of $2450. I saw the pictures of t...
Bukka Levy
How much should I expect to pay for rental insurance?
I’ve seen others post the expect to pay around $500 for an annual policy. Is $500 a reasonable benchmark or is there a percentage of cost/value that I should be using?I’m about to close on my first out of state rental...
Steven Barr
Explanation breaking down loan costs
Hi BP - I am buying an investment property for $90,000 with 25% down. All of my costs are below. The closing costs seem VERY high. Is this a reasonable amount to assume paying?Purchase price: 90,000Borrower closing co...
Benjamin Sures
Rental unit wear and tear
Howdy BPer's,My wife and I just finished hosting our first tenants in our MTR. Really nice folks, however there was some very minor areas of abuse that we noticed; missing sheet, pen stain on the comforter. How nit ...
Jim Truman
Insurance tips, coverage amounts
Good morning,
My wife and I recently closed on our first out of state property, a townhouse in Bedford. I'm looking for recommendations on insurance. Also some advice on reasonable coverage amounts.
For now I just w...
Ray Hayward
GC Partnership Advice
Hello, I am looking to partner with a General Contractor on a project. The conversation has been based on the exchange of “Sweat Equity” for Partnership Equity. I am looking for advice on how to make the Contractor a...
Barry H.
Escrow-Title Company for Hard Money Loan in Raleig
Hello BP contributors. I have ventured into the world of Hard Money Lending (HML) in the past couple years and have only done 1st Position DOTs on residential real estate in AZ and MO. I have come across an "opportu...
Christine Wilcher
Interest Rates and Points
Hello!I'm purchasing my 2nd investment property and working with Truist bank. They are asking for 20% down and providing a 7.1% interest rate. They are charging me 3.389% in points! I calculated 5% in closing cost. ...
Jazmin Purifoy
Motivated Seller, Newly reno, Market Value
New To wholesaling and worked up the never to call a fsbo. He wants to get rid of the property, just renovated to kitchen, bathroom, new roof and HVAC. Properties are selling for $300k and he wants $275k. Is this a go...
Johnny McKeon
Quoted over 8% interest rate for owner-occupied fannie mae 5% down 4plex
Hey BiggerPockets family,I was just approved for an owner occupant, Fannie Mae, 5% down with a purchase price of $1.3 million for a 4plex in the Phoenix Metro of Arizona
My middle FICO credit score is 759
My cur...