Felipe Lehn de Carvalho
Repair Estimate - Do these numbers make sense?
Hello everyone.I'm here in the SF Bay Area and starting on this journey... on the first property I came across, I was able to get a contractor to write me an estimate... the property is in very bad shape, but I was wa...
Temie William-Olley
Deal Analysis
Hey Everyone I am super motivated and excited to start my REI journey and i am currently trying to figure out how to purchase my first rental property; i am currently reading @Brandon Turner 's book on how to invest i...
Lukas Vanagaitis
Flipping a house in a 100-year floodplain
Hey everyone,Is there anyone flipping flooded houses in Houston?We are about to close on a deal in a 100-year floodplain. First time flood, got about 3-4 ft of water. Purchase Price - $130k, Repairs $30k, ARV - $235k....
Aaron B.
Another penthouse remodel investment story
Hello! It is time for me to share another story concerning one of my international investments in Medellin, Colombia, South America. This is a 30-year-old penthouse that I bought and completely remodeled. I went over...
Keith Martin
Too Good To Be True??
I have been looking for multi-family opportunities to get started in REI. I've come across this deal that seems too good to be true. Help me understand where I've gone wrong on the 24 unit deal. I have put in some ...
Zack G.
Self Storage Guidance
Greetings!Long time podcast listener but first post. Have 5 rental properties in rural Virginia. Small residential properties. Opportunity to get into a commercial property cheap presented itself. One 5,000 sqft brick...
Taija Walkowiak
BRRRR in Lincoln, NE
Hello,We just finished a BRRRR in Lincoln, Nebraska. This is our 2nd rental we have. I have included some before and after pictures as well! So we bought this house in June for $13,000. It was a foreclosure but it was...
Stephen Akindona
What do you normally spend on cosmetic repairs?
Hey BP, I am thinking about purchasing my first property!!! It's a 4plex with each unit renting for about 650-700.
It is in good shape, but definitely in need of some cosmetic repair.
Each unit is 2 bed...
Craig Lessler
Taxable Gain on a partial 1031 Exchange
Hello everyone. I am doing a 1031 Exchange and want to verify the portion of the gain which is taxable.1. Relinquished property is being sold for $159,000.2. Adjusted Basis is about $60,000.3. Fix up expenses to sell...
William Hughes
Expense Budgeting for Large MFH vs. Small MFH Properties
Hi. The rule of thumb for estimating CAPEX and Repairs/Maintenance is from 5-15% of monthly rent. Does this rule of thumb hold up for larger multifamily properties (above 4plex)? For example, would a 10-unit apartment...