Stephen Lynch
Water damage question
Hi all,First post! I have two properties in Virginia Beach. A vacation rental near the ocean (summer weekly, winter monthly) and a yearly rental near Town center.I notified my property manager of a small leak under th...
Joel Hudspeth
Mobile Home Park Write-Offs
My wife and I purchased a park in Idaho last Jan. There are 31 park owned homes and 14 renter owned homes. We have done quite a bit of work to the park owned homes in the tune of about 45K. This would be new roofs, f...
Donald S.
Property managers fee typical structure
I'm looking into pm companies in StL and wanted to see what the general thoughts were on pricing i should look out for. What's typical and what's overpriced? I see all the time people say budget 10% for PM, but that l...
Olga B.
Tenant death - security deposit
Hi everyone! While we were in escrow on our first rental property (duplex), one of our tenants (lived by himself) passed away unexpectedly. It was very emotional to say the least and my husband and I were shocked by t...
Eric P.
Capital required at closing? Closing costs, taxes, etc.
I bought my primary home 2 years ago and I just cant remember all that's required.We're looking at houses around $100k-$125k, I'm estimating everything high so 5% for closing costs, I've factored inspection cost, 15% ...
Huiping S.
New Shingle roof leaking of Tampa FL.
We had a roof was installed in Jan-2017. Started to see leak since first storm of Jun. The roof company send repair worker 3 times and told us the tall nails caused the issues. Left the leaking spots on our roof. Unfo...
Jehan Jaleel
Should a new tenant do property improvement and deduct from rent?
I have a tenant prospect that seems very promising but the guy is a contractor. He noticed some improvement that can be made on my property such as new paint, carpeting and fixing some broken closet doors. He offered ...
Emanuel Rawlings
Middle Unit Row House Property
Hello, I am closing on a row house I purchased and I saw the deed for the first time yesterday. The property is the middle unit of a 3 unit structure. I am purchasing the unit in the middle but the 2 other units are o...
Brian Brown
Missing something here?
Am I missing something. Are there any wholesalers out there that actually leave meat on the bone for the flippers. I see a ton of posts out there with something like (great equity in this property asking $250k only $2...
Christopher Morelock
My first Investment property deal
I have a property that i found that i want to do a BRRRR on, it has:
ARV: 135000
Selling for: 47000
Rough estimate repairs: 35000-45000
the rent in the area ranges from 600 to 1200
i used the BRRRR calculator and...