Just wanting to point out the importance of analyzing repair costs before buying for a buy and hold. Assuming 50% expenses and spending the rest on PITI can get you in trouble.
In the last 5 yrs my duplex has average...
OK, so here's the rest of the story. It's true, very true, that any good deal that hits the MLS and is priced right - that deal will get a lot of competition and will be sold quickly, often for a price that I am u...
Just started analyzing deals on the BP calculator. When it comes to % on expenses such as vacancy rates, Capital exp, repairs/maintenance etc....should I always run high % for worst case in order to be safe? The range...
Hi All,I won an offer to a home without basement and am wondering if I missed anything here. This is in Kingston and my realtor is very good and trustable and he did not warn me anything about homes that don't have a ...
Here’s my problem. I am looking to invest in Springfield mo and try my hand at BRRRR. I like the area because there’s plenty of run down single families for sale anywhere from 30-50k much of the time (prime candidates...
I just put together this spreadsheet for using comps to estimate the value of a potential property.
Have you ever wasted time trying to play around with adjustment amounts to get your comps to all end up around the s...
I have not run across anyone talking about building or having a reserve fund for a property. What is The recommendation to accrue and pay for a unexpected capital upgrades, i.e. furnace, roof, sewer, parking lot, wind...
I am looking to purchase a 50 unit multi-family property that has nearly all renters on Section 8 subsidies. The seller has provided the rent rolls and previous year (2017) Income Statement. I noticed that the expense...
I'm under contract on my first multi (yay!!) and I'm setting up my accounting. Is there a number you like to set aside as cash reserves for cap ex and repairs? Is there a number per property you like to leave in the...
48 unit apartment complex located in a C neighborhood. 44 2 bedrooms and 4 1 bedrooms. 3 of the roofs are brand new and one needs to be replaced. Common areas of the buildings have been all updated 2014 seller bought ...