Drew Purvis
ROI, IRR, and other metrics -- AFTER purchase
Hello all,I am stuck. I have been searching for information on how other borrowers calculate the performance of their portfolio AFTER they have acquired properties. In other words, the real world, actual performance o...
Michael Waskiewicz
Does it make sense to set up an LLC?
Hello,I own a home in Westchester NY that has an accessory dwelling unit which is a small apartment above the detached garage. Would it make sense for me to set up an LLC and what type of benefits would I receive fro...
Kevin Charles
How much is your deductible?
I am looking for ways to decrease my expenses. I am considering increasing my deductible for my Landlord insurance on a duplex. Currently it is $1000. Is this about average for other landlords? What do other rental pr...
Alan Mills
$500,000 Insurance for $100,000 rental?
Closing on my first duplex next week. I called to set up insurance today. The property was built in 1900. Purchase price is $100,000. After answering the typical questions regarding materials and estimations, my insur...
Bill Wilson
Help with Deal Structure Ideas
BackgroundI'm not a RE Investor, but I have a tiny bit of concept knowledge. This situation is a bit over my head.Sep 21, I moved to Texas from Durango, CO, for work, I had been trying to sell our house for months, bu...
Sevan Hoshor
Young Homeowner Question-ADVICE NEEDED
Hello all, I would like some advice. I am 24 years old. A few years ago I purchased a duplex as primary residence. The interest-rate I got is 2.625%. The Principle, interest, taxes and insurance is 2,000$ per month. I...
Amir Navabpour
Flood insurance worth it?
I just realized that one of my rentals in Lees Summit is in a flood zone. According to Redfin its in an area of "Severe" risk of floods. I got a quote from my Insurance broker, and he was saying flood insurance is a...
Account Closed
Chicago investor! Is this a good deal?
Hi BP,I am planning to flip a house here in Chicago and I want to know if some experienced investors could look over my numbers and give me some feedback. If I'm correct my profit would be about 38.2k. I will be usin...
Julian F.
Multiple mortgages
I have a few interested partners with down payment cash. I would be carrying the mortgages, and we would do a 50/50 ownership deal with traditional 20/80 financing.
I am looking to pickup more than 4 properties this ...
NA J.
How to determine rebuild cost
Are insurance agents plugging in tax assessors data to determine dwelling coverage. My rental is recorded as 3/2 built in 1923 but it's 2/2 and remodeled ~10 years ago.It's basically identical to this house, same cons...