Trevor Ewen
Appliance Replacement Plans
We're buying a whole lot of appliances from Lowe's this weekend. For the set of appliances we've chosen for the units, Lowe's has 5 year replacement plans available. According to our numbers, these are running at abou...
Ashley Zhang
Sewer scope inspection
Hi all, I just paid a sewer scope inspection. the observation was: " A belly was noted in the line. A belly occurs when settling or compaction of the soil occurs below the pipe and causes the pipe to have a low spotwh...
Harshavardhan Challa
Insurance for Fire accident - rebuild
Hi, One of my townhome rental in Hampton, VA recently encountered a fire accident and unfortunately resulted in a total loss. The insurance adjusted (IA) mentioned, it will have to be re-constructed along with adjacen...
Juan Diaz
Beginner's Guide to Comping
Sharing some of the resources I've developed and thought I'd post it here for feedback CompingThe other element of purchasing a property, regardless of the method, is comping. Comping is one of those funny nicknames f...
Brandon Harrison
Austin, TX - Contractor for light flip
Hello all,
I'm a newbie investor (I currently own one triplex) living in Austin, TX. I am under contract for a live-in flip in Austin. It's a relatively "light" flip which is what I was seeking as my first attempt...
Najeriq Mentor
Evaluating Houses and Making Offers in Columbia, SC
70% of ARV - (Repairs + Assignment fee)This I understand, however those of you in Columbia, Sc or surrounding areas would you say our market calls for a lower percentage of ARV? My partner has MLS access and I have Fr...
Account Closed
"The dangers of buying a "flipped" house"
I hope it isn't but I'll bet this is common: People buying "flipped" houses only to find that it has been remodeled in a shoddy fashion. http://features.aol.com/video/dangers-buying-flipped-house
Tim Schroeder
Should I assume 50% for rental expenses when analyzing a deal?
Many REI calculators use 50% for expenses for Rental Property analysis. Should I stick with that when analyzing deals or try to be more accurate by breaking it all down? In other words, is the effort involved worth th...
Kevin Campbell
My First Deal, not what i expected. Is this a good idea?
I've been "lurking" for a while here on BP. Learning while I save up some cash.Anyway, a deal has presented itself and I would like to know if I should pull the trigger.Details:Single wide mobile home on my street. A ...
Sean Salandy
Laminate vs Hardwood flooring for Flips
I am looking to flip a home and would like to run laminate flooring throughout (except in the bathrooms and utility rooms). The home should sell around $170k in the Cecil County, MD area. Should I consider using hardw...