Mila F.
Can I deduct for this from the Security Deposit? (photos)
I have tenants moving out in a week, and they asked for pre-inspection. It's just a couple with a dog and a cat. They stayed a little short of two years, always paid on time, but left more wear/tear and damage than I'...
Leon Lai
Window contractors in Detroit, MI
Hello all,I've been looking for window contractors in zipcode 48235 for a big project to prepare my home for city inspection. Basically, I just need to replace 5 double-hung windows. I have a property manager on the g...
Ericka G.
Is this repair quote fair?
Hi all,
Getting some work done this week and would appreciate a second set of eyes on this cost estimate. Does $1450 seem fair for this amount of work? That is for labor for 2 guys and they said they can do the wor...
Rebecca Wilkins
MF 8-Plex Snag or Pass?
Hey everybody! I'm new to BP and wanted your input on a property.
Built in 1985
2, 2-story Buildings, 4 units in each building
All units are approx. 615sqft 2-Bed/1-Bath
All units have central air (not...
Gil Keren
Am I estimating CapEx and repairs too high?
When evaluating deals for those 80k-100k SFRs in Indy, I allocate 10% of the rent for maintenance/repairs, and additional 180$/month for CapEx, per the computation at: https://www.biggerpockets.com/.... On the one han...
Susan Morgan
Renovations Help!!
Hi,I'm in the process of purchasing a short sale. It's in bad condition and I don't mind doing the renovations but I need to be very economical otherwise I'm not making a profit. I'm confused on how I can economize. ...
Josh Acuff
Can a real estate holding LLC serve as a 1031 exchange?
I am about to establish my LLC for my real estate holding company. I had a potential investor ask me if the LLC could serve as a 1031 exchange as he was about to sell a property but doesn't have another property lined...
Marci Stein
Another washer dryer question
My (excellent ) tenant moved in 8 years ago, has never been late with the rent. The rental came with a washer dryer in the basement and I told her they are a courtesy - I would not replace them if they broke and now ...
Edward Burke
Insurance - Replacement Cost well over market value
I have two properties in escrow in Saint Louis City. They are both four family properties in desirable locations (quality tenants).The purchase prices are $349,000 and $290,000. However, as these properties are all...
Vincent Q.
Low water pressure in house!
Hi,I had my offer accepted on a foreclosure. My agent advised that a previous deal fell through for low water pressure in house.Paperwork stated " water pressure fail"Should i be concerned? Is this a dealbreaker?What ...