Wendy Quezada
Our front yard tree fell on the roof - will my insurance go up if we attempt a claim?
Hello community, we are new to real estate investment. Have only owned this house in Texas for a year, and our tree fell (split in half, half on the roof, half in the street). Our property management company needed to...
Michael D.
Capital expenses?
When modeling opportunities in the past I've used a simple 10% of gross to cover repairs, lumping everything together: carpet cleaning, faucets and roofs all in one bucket.
Now I'm trying to get a little bit smarter ...
Arun Kumar Balasubramani
First Deal Not sure? Any help would be appreciated
Hi,I think i found a deal , I am not sure if its good, Any response would be appreciated. Area is Tucker, GAProperty Type :CondoPurchase Price :62,500HOA :283/MonthInsurance:50/MonthTax : 50/MonthRent :850 /MonthVaca...
Simon Obas
Roofing question for a flip
Peace. Currently working on a flip and the home needs a new roof. I am thinking about having a contractor lay new shingles over the existing roof. Is that a no no? Or is that pretty common? How will it impact me when ...
Greg Mayer
How do you compare offers on a new roof?
Hi BP community!My wife and I recently purchased a duplex in Atlanta. It's the first property I've owned - I'm learning a lot. We're house-hacking and are using this property as a buy-and-hold: we are fixing up the si...
Daniel Claroni
How flexible should you be on ROI for your first investment?
For my first buy and hold property I am trying to find something with 6-8% cash on cash ROI. That seems like it should be fairly doable, but there are a lot of opportunities I've seen that would generate around 4-5% R...
Jason Andler
Icicles Over Entry Doors
I was at one of my properties today to handle a different issue, but I noticed a bunch of icicles hanging off the gutters about 20' above walking areas. I had some large icicles in the past but this year I thoroughly ...
Virginia Jones
Chimney may be leaking - what should we do?
We recently finished renovating a rental property and after a heavy rain it looks like the chimney may be leaking. It is not an active chimney. There is actually not a fireplace but at the base of the chimney in the b...
Marlon Freeman
Replacement Reserve Funds
Good Morning BP,
I have a question about reserve amounts. When analyzing deals, what do you budget for reserves? do you withhold a flat rate amount, or do you withhold a percentage of the gross rent? Currently I am ...
James Babb
Cash Reserves for CapEx?
If you've got $100k to invest in property, what percentage are you putting toward deals, and what percentage are you holding back for reserves to handle unforeseen capex? I've heard and read that the general rule of t...