We just started bringing some single family homes into our portfolio. We fully renovated each house (roofs, HVAC etc.). What % of the monthly income should we set aside as a reserve against future capital repairs?

Hi Folks:I invested a 14 unit townhome in Dallas area end of 2013.   The subject property was built in 2007, so I imagine the AC are about 7 years old (warranty was for 5 years)Since I bought the units, we have contin...

Hey everyone,

I have an opportunity to buy an off market house that needs work. I have not gotten to see the place yet and I do have a showing set up for later this week.

I’m trying to run my numbers before hand so...

Hello Bpers!So I had a home inspection on the 3 unit house I am purchasing and came up with a  list of items to have the sellers repair. They came back not willing to fix these issues but instead offering a $1000 cred...

There is an official guidelines that yearly repairs and improvements expenses for a rental property should be below 2% of the purchasing price. For example for 100K Douplex we will spend no more than $2000 during the ...

Closing on my first home a a couple weeks!So here's the deal...I got the home inspected, and it's in good shape.  A few things came up though1)  Front Porch was separating (not the foundation)2)  Rear Left Gutter/down...

HiI am planning to submit an offer on a rental property in B/C area in a small city close to Dallas Metroplex. Below are the details and can you please advice me, if this is something worth pursuing. Sale price : $210...

Investment Info:

Single-family residence fix & flip investment in Del City.

Purchase price: $41,000

Cash invested: $53,000

Sale price: $159,000

This house was a fire damaged property that was...

My tenants just moved out and every set of mini blinds were broken and need to be replaced.  The tenants were decent and rented from us for 6 years and other than the blinds, the rest of the house is in good shape. I ...

I’ve found an ideal 3bed/2bath home in the Memphis area that I would like to purchase and renovate. I’ve looked at the comps, rental estimates, neighborhood demographics and everything so far looks good! My only conce...