I recently bought my first condo as my primary residence using low money down. After putting some money aside for reserves I have about $30k to invest into my second deal. Not sure on what my next step should be and I...
Hello BP,
We have a couple of opportunities opening up, so I'd appreciate your advice about these:
1. Option 1--buy the other half of our duplex-- We currently live in a duplex, but we've been told that the other s...
What do you underwrite for an expense ratio on a 10-40 unit building in a C class neighborhood?
Hello everyone, I am looking to get started in real estate investing within the next year or so, but the area I live in is an expensive real estate market. I've considered leaving to another market, but if I wanted to...
Bought my first rental. Has some foundation repair needed. Looking at $10-$15k if I hire it out. Can I deduct this as a repair expense or will I have to depreciate it? Looking to keep as a rental. Also, I’m plann...
Currently I'm analyzing numerous potential multi-family properties (duplex, triplex, 4-plex) and want to make sure I'm estimating my expenses correctly. The only reason I'm looking at multi-family is so I can house-ha...
What are some ways to estimate expenses on multifamily homes? Is there a lot of variability in expense levels between properties within the same neighborhood/city?
Hello BP,I’ve recently started looking for apartments in the Denver MSA and I keep seeing total expenses on a T-12 being in the 30-35% range. I am used to seeing expenses being somewhere 45%+ range in Austin and San A...
In 2020, my LLC entered into a contract with another investor to rehab a property that the investor owns. Basically I provide the funding and manage the project and the investor and I split the gross proceeds (the inv...
Hey Guys! My Name is Kyle Buchanan, I'm from Ontario Canada and was looking for some help with information on Rent and expenses. I'm very new to the whole retail investing and looking to improve my knowledge and purch...