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Deciding whether to invest an additional $5000 toward covering asbestos siding to decrease my insurance cost by about $400/ year. Assuming rates stay the same (or increase equally each year) it would take about 12 ye...
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Last month, I purchased my first rental property in Baltimore for $117k and invested an additional $13k in renovations. Since then, I've encountered several significant issues:
1. **Air Conditioning:** The AC unit ...
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*This link comes directly from our calculators, based on information input by the member who posted.
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Ok, forgive my ignorance, but I am working on unconventional methods for finding deals (i.e. direct mail and preferclosures). But i have a few questions...Preforclosures...-When the foreclosure auction notice is poste...
Hello BP family!My husband and I are purchasing a pre foreclosed townhouse condo this week! This is our first real estate purchase. The purchase price is 140k, the appraised value is about 185k. We plan on doing some ...
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Hey fellow bp geniuses,I am planning to put an offer for my first property here in st louis. I have narrowed down the 3 properties and want your opinion on which one wud be a better first property buy:1. Property A: L...
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Hi everyone, I've been a "ghost" member for a few years soaking up as much knowledge as I can from the experienced members.I'm 24 years old and have been a licensed agent for 3 years. I was able to build my network of...
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How do I ensure the mortgage payment and property insurance amount is correct in the monthly expenses section? Can someone let me know their thoughts on this analysis? Is there a simple formula you would use to determ...
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Hi, I am in the process of starting my first deal for a storage unit facility. I have been researching and analyzing deals for about 2 years now, and I am ready to move forward. I would like to get some insight on wha...
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*This link comes directly from our calculators, based on information input by the member who posted.I’m analyzing this a few ways, but I need to start with the renovation budget. While ru...