Khari Lewis
How much cash reserve
What is a good amount of cash reserves should I have for maintenance and unexpected expenses of each rental property?
Surjit Purewal
Termite issue/ deal analyze
I am looking to make an offer on duplex in northern CA. asking price 150K (recently dropped 50k after inspection) previous buyer had inspection done. Main concern is termite and I have report and estimate cost to fix ...
Kristen Brandner
Turning townhome into a rental or selling?
Hello,My boyfriend currently owns his Townhome in Issaquah, WA. It is a 3 bd, 2.5 bath, 2 car garage. We are currently under special assessment of 17K to replace the roof (they notified all the homeowners that they ha...
Joe M
Check list for first viewing of property
This is my first post as I have just recently discovered this site. I spent last week reading all past posts.
I have 1 property as a rental. And I am looking for 2nd property to add.
When you go to look at the ...
Brandon Eleazer
Expense Projections using 50% Rule
Hello BP,
I am preparing a budget for a SFH that costs $50k. The monthly rent is $1k. Using the 50% rule of thumb I don't see how $500/month (which amounts to $6k per year) is enough to cover all expenses except P&am...
Stephen Swanson
Estimating Maintenance & Capex Costs in Bay Area - Older Building
Hi All,I'm looking for a house hack in the Bay Area (SFH with ADU or 2-4 multi), probably an older building that is in good to rehabbed shape, in the $500K-$900K range. Rules of thumb of monthly 5-15% of rents for C...
Ross Carlson
Fix and Flip Insurance Policy
All,My partner and I are purchasing a home in Illinois to Fix and flip. The plan is not to live there during this time and to do the follow renovations (update bathrooms, redo kitchen, fix roof/replace roof, paint, de...
Jeff S.
Chimney repairs
Just got a bid for $3397 for each chimney on a duplex. According to the guy the mortar has failed and all that is holding it together in places is a skim coat. Have not come across this problem but not likely to spend...
Syl Rey
Conventional loan on a duplex that needs new roof is needed
Hi everyone, I currently have an offer accepted on a duplex. After a home inspection, I found that one of the roofs needs to be repaired in the next year or so. I’m told the bank won’t finance if the roof needs to be...
Bharath Raj
Residential lease renewal
I have a townhouse that' coming up for a lease renewal. I am pretty sure that my tenant wants to renew it. I previously used a HAR standard lease from my agent. I was wanting to get a more comprehensive lease. Where c...