I am working on a value add office building deal in North Texas. Property is in a small city about an hour outside of DFW. Property is currently at about 30% occupied with an asking price of 2.5 million. Asking is ...
I will preface this by saying I know this might not be the right forum to post this in. I've first posted this in the Insurance forum but haven't received any responses, so I'm trying it here. Any advice would be much...
Hi BP Community,I just got an accepted offer on a Duplex in a class C neighborhood. After accounting for vacancy, maintenance, capex, and property management I'm looking to cashflow around $415 per month with an 18% ...
First off I am not sure if this is the right spot to post this or not.Hey there everyone. I am lucky enough to have been given via in-heritance a multi-use commercial property with 3 commercial suites and 12 apartmen...
Hi all,
Just curious what folks thoughts are on front loading vs. top loading washing machines.
I do see there is a significant cost difference in that the front loader is more expensive than the top loaders, but a...
Hi,
First time getting roof repairs done, the house was built in 1924, had a roof replaced in 2005 but has leaks currently (we think.)
I had a roofing company come out and estimate the cost to repair/replace the ro...
I know some people have probably done a lot of turnovers in their careers. I'm just curious. Does your deposit typically cover the entire turnover? I'm wondering because if it doesn't, that would take a chunk out of y...
Would you keep a "Pet Fee" out of the security deposit? In this instance I am holding 1.5 months deposit ($1,725). Otherwise the tenants were perfectly pleasant. So what do you think is fair in this instance? We're...
i'm getting ready to update a bathroom that has a double sink. i wondering if it's a bad idea to change it to a single sink. i'm planning on keeping the existing cabinet the sinks sit on but am having a hard time fi...
Hello BP friends! What's the rule of thumb for creating a capex reserve? (as a percentage of total revenue) At day 1 of owning the property, do you typically have some $ sitting in the reserve?