Doug P.
Estimating Rehab Cost Per SQFT
Reading the book Flip they have a rule of thumb chart for quickly estimating the cost per SQFT of rehabbing or remodeling a home.
Here is how they chart it.
Standard finish rehab - $15
Designer finish rehab - $18
S...
James Wachob
Out of State Investing Checklist
There are a lot of moving parts when purchasing a rental property. A good real estate professional who is familiar with the area will be able to help you navigate through this list. Why did I create this list? A few...
Matt F.
How clean is clean?
My first tenants moved out the other day so I went over to the property today to change locks and do a few other things. I was surprised to see how dirty the property was. There was no damage to anything but they had...
Ariel Semino Garcia
The Adventures of Calculating Actual Cash Flow on a Rental Property
"The Adventures of Calculating Actual Cash Flow on a Rental Property"
Are you ready to become a landlord, but have no idea how to calculate your actual cash flow? Fear not, dear reader, for I am here to guide you on ...
Carrie Westover
Security Deposit- do it myself repairs
Hi-First time tenant turnover for this landlord . . . would like some feedback on security deposit use questions.We have a lease rider attached with costs spelled out for certain things that need repaired, replaced, o...
Syed Naqvi
Checklist to buy a Multifamily building or an Apartment complex
Hello Folks: I am trying to make a checklist in which I want to include almost all the points to be considered in buying a Multifamily or an Apartment complex of 40 or more units. This checklist can anyone use to quic...
Sami Gren
3 times the rent vs. Good credit score
Hi, I am renting out a 2 bedroom apartment for $1,200 I had two people looking at it, one person was an older mother not working with her daughter working that makes three times the rent net, but she does not have now...
Steve Hudson
Qualifying as a real estate professional - taxes
We're exploring ways for my spouse (who does not have a full time job, but works 25 hours/week outside real estate) to qualify as a real estate professional as we build our short term rental portfolio. Curious if anyo...
Anthony Kono
Closing costs question , more than 5%
Thank you all for a wealth of information on here. My question comes in regards to the closing costs. Everywhere I read it’s from 2-5%, but my lender , 30 yr conventional , investment property , has closing costs out...
Gabe G.
3rd rental purchase, critique please.
Purchased my 3rd rental property in Indiana and got it leased up yesterday.
The numbers
Purchase price $42000
Capital put in to rent- $2000
ARV $50k
30 yr fixed at 5.25
Rent $74...