Glenn N.
Inherited Home determining Basis?
I inherited a home from my dad in Austin , Tx . And would like to rent it or live in it while i fix it up.I am trying to figure out the best way to go about figuring the cost basis . I would assume that I would want t...
Account Closed
Need help analyzing first deal!
Holy crap! I just got off the phone with the first person I've ever called about a deal, and I still have butterflies. I am so nervous.Anyhow, I'd really like some thoughts on this deal. This house is in really rough ...
Benjamin Poole
Do Contractor Savings Pass to the Owner?
I'm planning on doing a rehab project from a distance. This may mean a combination of buying materials for the job myself and having a contractor buy materials.Any tips on setting up a project in such a way so that an...
Andrea Prada Serrano
Travel Hacking - Duplex first home
Hi everybody,I currently rent and want to start my real estate journey with a duplex. I'm a little concerned with the current high interest rates and property taxes (Texas). How do you minimize these factors? I'm a ...
Jason Polykoff
The 50% Rule adjusted when you know PITI
Hi BP, quick question... if you know the PITI of a property, how should you adjust the 50% rule to account for vacancy, maintenance, etc.? Would it be more like the 25% rule at that point? Thanks!
Jacob Barnhart
What are typical insurance rates for you in Oklahoma?
It's hard to determine if a deal is going to work well when I don't know how much insurance will cost me. I can't get an accurate quote from an insurance company because they need specific details on each house to pro...
Harrison Davis
Help me analyze this property. Should I jump on this opportunity?
Hey everyone,
Context:
I am looking to buy my first investment property. Over several years, I have worked hard to save up for a down payment, and I currently have $200k set aside in a money market account ready to ...
Michelle Payne
Duplex with slanted floors and foundation problems
Hi all,I am looking for an investment property and found one I initially really liked. The inspection revealed sloping floors, cracks in the foundation (about 10), and roof repairs needed. The building also needs tuck...
Isadore Nelson
Plausible deal in Toledo, Ohio?
Good morning, the following property is up for sale at $250k.
https://www.zillow.com/homedetails/114-S-Broadway-St-Toledo-... seller has 'described' it as follows:
"The property features a new roof and updated...
Account Closed
Reasonable Price for Bathroom Reno?
I got a bid for 30k for a non-luxury remodel for a 5x8 bathroom that involved moving plumbing (has a crawl space underneath). I then got an estimate from another contractor to convert a small laundry room into a bath...