Phil Morris
How much do YOU budget for CapEx?
Hi all,Curious as to how much you personally budget for CapEx when doing an analysis. I've seen 5-15% of NOI, estimating each one individually, and other estimates.What number helps you sleep at night?Thanks!
Tim Kucejko
Newbie looking at getting a real estate license
Hi!I'm a newbie who's fascinated with real estate. so far, I've listened to 50+ episodes of the BP podcast, and I'm on the verge of ramping up my networking efforts. I've renovated my own 2 houses. They got done, and ...
Nicole Robinson
Inherited tenant- HELP!
We bought a 2 family property in MA with an inherited tenant. Spoke with them about rent payment and they said their previous landlord had always accepted rent the 3rd week because they use SS to pay for it although ...
Brian Garrett
Do wholesale deals have to be cash and have no contingencies?
I've noticed some wholesalers saying deals must be all cash and some even require no contingencies. Is this standard? You can't buy wholesale deals with financing? You can't have inspections?In the event that is true ...
Rick S.
Capital Gains Split on Sale of Rental
A partner and I are selling a rental SFR. We own it 50/50 and have reported all income, expenses and depreciation on our tax returns 50/50 since we have owned it. We would like to split the sales proceeds 70/30 to giv...
Drew Denham
New GC for roof wants full payment upfront?
I need a new roof on my latest flip, NEW GC said he wants the full $6100 down because its not my primary residence. He won't sign the invoice until its paid in full (and I live across the state). I called one referenc...
Pat Clancy
Rental cash flow in a sideways market
Hi all,First off, I'm a new member. Looking forward to learning more and sharing some of my insights.I currently have one investment property, condo, generating $1,700/month with a mortgage/HOA around $1,000. It's bee...
Jerryll Noorden
I think we just made 165K
Hi hi, My name is MSOOTKAUGJust finished my first flip!I once saw a question here that asked "how much money has Bigger pockets made you?"$165K End of my success story!Thank you all.well..(not counting the other whol...
Monica P.
Getting engaged after purchasing primary residence
Hi there, I just closed a week ago on a primary residence that is my first home purchase. It is a 4-unit building and I was planning to live in one of those units (per the mortgage contract, I need to move in within ...
Brittany Young
First Opportunity to Invest, Should I Go For It???
I'm a new member here on BiggerPockets. I've had a passion for real estate investing for around 5 years now. I'm 26 and my husband and I want to be involved in real estate investing SO SO BAD.We just opened a moped/p...