Scott Lewis
Proposed Housing Code Changes in Wilmington, DE
Fellow BP Members,Recently, there were four community meetings to discuss proposed housing code legislation in WIlmington, DE. Unfortunately, I was not able to attend, but am wondering if any of you were and what sort...
Suneel P.
What is the Property tax on rented properties in Texas?
I am planning to buy a single-family house in Austin, Texas or surrounding cities and rent it out. I learnt that property taxes for owner-occupied homes are different from that of rented Properties. What would be the ...
Nicholas A.
Average Home Builder Commission?
Hello,
My partner and I are building our first ground up single family home in Horseshoe Bay. We have purchased the land and have signed a contract with a builder. The house is a two bed, two bath, and is 1,490 sqft....
John S.
How to determine depreciation for new construction rental home?
Hi BPers, I need help to determine the improvement portion for depreciation on my new construction home. It was placed for rent on 6/19, and occupied 8/19. The Property Record Card is not accurate. It only shows t...
Account Closed
Just Starting Out? Here's a Tip for Working with Hard Money Lenders
It may sound strange, but keep your LTVs as low as reasonably possible. Doing so not only helps you get a hard money loan, it’s usually going to be a better buy or investment for you too. Many investors seek hard mone...
Jeff O'Neal
Broker Pro-Forma vs Income Statements
I’m currently under contract on a 16-unit apartment complex. The broker’s pro-forma showed NOI of $51K, however, when I dug into the income statements, actual NOI was only $36K. I called the broker, and she explained ...
Shane Welch
Granite Vs Laminate Countertops
Granite or Formica Laminate?This is a 180k 1975 Brick Style Duplex in Virginia.The maximum I plan to rent out (after renovations) is $950 each side.I would like to get Formica Laminate in granite style. Which would c...
JD Ruiz
Marketing campaign/yellow letters
Hi all, I'm just about to start my first yellow letter marketing campaign and I'm realizing just how expensive that can be. Does anyone have any good sources or tips for cutting down on the costs?
Romeo Sison
Have you split up the water meter on your 4-plex?
I'm looking to pass the water expenses on to my tenants. How much does it cost to separately meter the water on a 4-plex? Who should I call? a plumber? How much do you think this would cost? I appreciate the input! I ...
Michael Zagorsky
FL Insurance on multifamily....killing my deal
I am looking at two 4-plex's in Palm Bay which gross about $58k a year in rent. The owner is looking for $400k. The problem is that the current owner has them free and clear and does not carry any insurance on the s...