Thomas Oakes
PNL report for apartment complex
Hey y'all! I am looking at a PNL report for an apartment complex, and I am confused about a couple things. These might seem like dumb questions, but hey, I'm brand new to this! 1. What is the depreciation expense?...
Jennifer Umbaugh
Need Help Costing out Rehab
I just looked at a 1920's Craftsman that an investor has stripped to the studs (preserving some of the cabinetry and floors). It is between 1400 and 1500 sq ft. It will require all new plumbing, electrical HVAC includ...
Chris Seveney
Note Investing & Taxes - DIY or Hire Someone?
Just curious - taking a poll question for those who invest in notes with partners. Do you do your books yourself or have an accountant / bookkeeper. I have a book keeper do mine as they have kept me from having to do ...
Account Closed
21-Unit/57-Bed Student Apartment Investment
Investment Info:
Large multi-family (5+ units) buy & hold investment.
Purchase price: $1,961,000
Cash invested: $490,250
21-Unit/57-Bed, Value-Add Student Apartment Complex. Adjacent to Illinois ...
Orlando Goodon
Why it seem I can pay off most mortgage in less than 10 yr?
It seems to good to be true. My math must be wrong. Please let me know what I'm missing. Basically let's assume no depreciation and not exceeding $300-$400/month maintenance budget to much.House price $750k for 3 fami...
Dan Vasile
Whats best Cash or Leverage?
I own 2 properties that I’m currently renting, a condo in Tampa FL (appraised at $400k) and a single family home in Asheville NC (appraised at $330k). Both properties were my former residences that were purchased in ...
Account Closed
Question about Structural Issues and Related Contingencies
Hey all,I trust all is well. I had my property manager view a home recently on my behalf, and she noted that the front door to the home cannot open; and that she had to body check the backdoor to enter the home. Addit...
Courtney Fricke
Should I flip or buy and hold this property??
So I purchased my second property (first is live in flip that I'm gearing up to flip this year since 2yrs is up) back in mid-November with hopes of renting it out. Now that I've been rehabbing this property and gettin...
Patrick Ng
Appraisals, San Antonio Investment Property
Hi all, working on closing a property currently. I originally went into the deal with thought I was buying under asking so I'd have some equity in the property in addition to the down payment in addition to cash flow....
Carmello Pronesti
Refinancing after hard money loan
I have a few questions about buying rental properties with a hard money loan and then refinancing after a three to four months with a conventional loan. Hopefully someone can share an example.
What do you do if you ar...