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...
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...
Jeff Cuartero
Homeowner's Insurance for a War Zone Property
I'm in the process of purchasing a fourplex in a war zone for $200K. The property is about 100 years old. I'm shopping around for homeowner's insurance and my first quote came to a $4,500 premium with a $2,500 deducti...
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. ...
Lee Stephens
Home Inspection Results - NEED OPINIONS!
Hey BP,
I have a 4 unit under contract in Elgin, IL that just got inspected. I have some questions regarding the report as I would like additional opinions on how serious these issues may be and if it is worth pro...
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 ...
Adam Aschoff
Purchased lemon of a house
We just purchased our primary residence and have found with each project we complete Lund the house there was shoddy workmanship from the previous owner that was not disclosed nor would have been found by a home inspe...