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I'd really appreciate any insight on how/if closing costs figure into wholesaling. I'm from Chicago so if there is area specific information, two thumbs up! Thanks in advance.
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What's the going rate in hiring a General contractor to rehab a 1450 sq ft house? A flat fee or a percent? I need all the help I can get on this one. Thanks in advance.
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Hi All,
I've invested in several SFHs but i've been blessed with an opportunity to potentially buy a 60-unit residential building. Since this is the first time i'm investing in a building, i'm a little clueless as...
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what do you think - I typically invest in 2BR but I am finding (as my search continues) that there are many 1BR MF good options. Is it OK to invest in 1BR MF? Does it appreciate as much as 2BR? I was under the impress...
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Hi BP,Property in Florida has a city lien from previous owner but HOA took position in an auction now the bank is foreclosing .Is the lien going to survive to me if I bid and win ?Thanks
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How much do you typically pay contractors for cosmetic renovations? Typically, I sub everything out and average $15,000 - $22,000 unit for full cosmetic renovations. Here, I want to delegate this job to a contractor...
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Hi All,As I slowly stack money away for my first future rental purchase, I have a few questions regarding estimating rehab costs when going through practice reps. I'm basically going through properties on Realtor and...
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My wife operates a profitable salon located in a small 10,000 sq ft strip mall and is currently paying rent of $5k per month for 2,000 sq ft space within this mall. We have saved up approximately $250k of cash and hav...
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Hello- I am trying to build a proforma for a specific property but am seeing a HUGE variation in what I should be using as expectation for Maintence and Repair costs, Utilities, and reserves.
Also- CAPEX reserves.
...
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Hi Everyone,I am currently under attorney review on my first property in Northern New Jersey. The purchase price is 270k, it's a 3 bedroom, two-unit property. with 2 bedrooms up and 1 down. Property taxes are 4,800 an...