Mary Spalding
HELOC to get another property for cash?
Hi All, fairly new member here. I have searched, but have not found specifics recently that would address this issue. We are in the midst of purchasing our 3rd rental. It is a REO. We are purchasing it at 60% ARV,...
Carlo D.
How much is bookeeping usually?
For those of who have/use a bookeeper, how much are you paying? If you could indicate how many doors you have and how much you pay that would be awesome and very much appreciated. I'm looking to get a range from the r...
Elehue Pierce
multi family % of closing cost as a rule of thumb
when buying a multi family property whether a 25 unit or a 60 unit. what percentage of the purchase price is typical to pay in closing cost?what are typical closing cost other than what I listed below?Title, inspecti...
Jan Lee
In calculating CAM, does Operating Cost usually include Property Tax?
Hi
I have a question regarding calculation of Administrative cost. The lease states that the tenant is to pay 15% of "all of the foregoing costs as an administrative expense" under the "operating costs". Would this i...
Jeffrey Trudeau
Cost Segregation for 8 unit worth it?
This past winter my business partners and I purchased our first out of state property (8 units in Kansas City) for ~300K. This first year we are making many upgrades and will not turn much of a profit. We are planning...
George Smith
BRRR Analysis on 2 Family
Im looking at 2 family which will be bought as follows:20k Cash84,300 Private Money LoanI have a bank that will refinance at 80% LTV (130K ARV = 104K mortgage).I understand that the TOTAL Cash Invested shows 0.00 but ...
Peter K.
How much does it cost (avg) to fully replace a water heater?
Ball park numbers: how much does it cost to fully replace a water heater with labor? Just want to see if my quotes are not too high (i know it varies by places).
Charles D.
Need recommendation on firing and hiring new property management
Hi, my wife has a house in Tacoma Washington. The property management she has does not do a good job. They keep the rent from the tentan and said the money was spent on maintenances which she was not notified. She has...
George P.
dress code when meeting a contractor
i used to use individual tradesman (painters, cabinet guys, windows, tilers, etc) on my previous projects. i use to meet them in my paint stained work clothes thinking that i am showing them i know how to do their ...
Alec Nault
STR Property Partners - Property Management Group
Hi,
I was recently contact by STR Property Partners or per their website S.T.R Properties Inc. in regards to managing my rental property. I currently have my property listed up for long term rent but they want to man...