Ari Archer
Buying: how to approach 130k+ in deferred maintenance
Hi–I'm looking at buying a 4plex in Solano County (outer Bay Area, CA) for ~$350k. The price has dropped once already primarily due to some pretty substantial deferred maintenance that the seller doesn't want to deal ...
Justin H Harstvedt
Advice Needed: Using a Tiny Home as Collateral for Real Estate Investment
Hey everyone,
I recently finished renovating a 2007 Tiny Home (Park Model Home) located near 30A in Florida on a family lot. I put all of my savings into the renovation, including a new roof, completely gutting the i...
Account Closed
What improvements does the Streamlined 203K cover?
From what I've read online, it covers 'minor kitchen and bath remodels' but not 'major remodeling'. That's pretty broad. Does anyone have any experience or knowledge with more specific details?
Example: let...
Marcus Durant
cost per Sq Ft to rehab in Minneapolis
Hi All, I have my comps back and am heading out tomorrow to put my first house under contract. I m trying to get a good ballpark of how to estimate possible repair costs ( i am new). I have heard a wide range of cost ...
Denise White
Rookie Mistake...
Hubby and I acquired a property with creative financing. We didn't know the term then, we just thought we were ingenious for coming up with the idea. We got in on a decent deal, but failed to have an exit strategy. T...
Ashley Lesieur
Recommended DIY Books/Sites?
Hi all,I am planning on renovating my 650sqft pre-war condo within the next year. Before I joined this community, DIY would not have entered my mind. But now that I have read about others doing it, I am considering ...
Jorge Abreu
Exploring the Four Multifamily Asset Classes
When evaluating multifamily properties, a grading system is used to classify different assets. Just like a report card, multifamily assets get a letter grade, ranging from an A to a D.
Class A Multifamily Assets 💵
L...
David C.
What do you use for Expense Ratio?
I’m looking at buying a LTR. When determining the net income, I simply multiply gross rents by an expense ratio to determine the net income. My question is, what do experienced LTR investors use for the expense rati...
Derek Luttrell
How much to keep in reserves for first property?
Hi All, I close on my first investment property in three weeks, and I'm wondering if it's common to inject a certain amount of reserves in the property's bank account right off the bat. Purchase price is $122,000 and ...
Jeremy Hoffman
Approaching First Rental Purchase
Hello BiggerPockets,
My name is Jeremy, I am from the Pittsburgh, Pa. Area. The following post will be in regards to a property that I have analyzed for purchase and feedback would be greatly appreciated.
...