Daniel H.
ACV vs. Repair Cost
In the city where my property is located, there are many three-story apartment buildings with a unit on each floor. These are no longer allowed to be built new in the city. So replacement cost of my two buildings is ...
Johan Zafra
Is capex same for condos?
When analyzing a condo, which has an HOA fee that covers most of the maintenance expenses, should I make my capex and deferred maintenance lower? What should that be? 5%?
Mahmuda L.
Rained when installing flat rubber roof
There was some light rain for 5 to 15 minutes max. I wasn't on the site. I am not sure if my roof contractor is lying or not at this point. Today he took out the old 14 by 14 feet small roof and put torch down rubber ...
Bienes Raices
Mistake on description of roof
When I bought my house (personal, not a rental), I told the agent who arranged the insurance policy that it had a hipped roof. Unfortunately, I realized later that it technically it is not hipped--it is hipped on thr...
Joe Gemma
Rent loss coverage on a vacant property?
Hi all,I'm closing on an investment property in 3 weeks and have run into an issue. The lender is requiring that I have an insurance policy with rent loss coverage. The property is going to be vacant initially as I ne...
Dominic Jacquot
Repairs and capEx for condominiums
Hello,
I'm new to this community, and I have a question regarding the analysis of a condominium property. I'm unsure whether repairs and capital expenditures (CapEx) should be included in the list of expenses or if t...
Farshad Mansouri
How much do you set aside for CapEx, PM, maintenance, etc.?
Thanks in advance for your help,I am looking to BRRRR. I was wondering What percentage of the mortgage amount would you set aside every month to cover the eventual cost of taking care of a property. Numbers I’m speci...
Nicholas Z.
Landlord insurance for first SFR
Hi everyone,I'm in the finishing stages of buying my first rental property in Rock Island, IL. The property costs $100,000 and was built in 1930, and is being completely renovated (this is a turnkey investment). I'm i...
William S.
Milwaukee Condo HOA Concerns
2 bed, 1.5 bath (Cash purchase)List Price: $40k (I think I can get $30-$35k)Rent: $750-$800Rehab: Under $1,000Insurance: $33.33/mHOA: $96.24/m (covers water, lawn, snow)Taxes: $106/mVacancy 5%: $37.5/mRepairs: $83.33/...
Cal C.
Don't forget to have a cash reserve!
One of the most important things you will need when investing in real estate is access to readily available funds to make emergency repairs. Emergencies will happen and often at the most inopportune times. These ...