Dyryl Burnett
Saving to circumvent "1st Time Property" issues.
Hello All,DB from Chicago here! I have a question for anyone willing to provide wisdom and honesty. So, I consider myself in the "pre-newbie" phase (the phase where most people decide to take action, become an investo...
Sean Chua
Reserve Amount - House hacking in Atlanta
Hi guys!I'm trying to analyze deals for house hacking (renting by the room) and am re-evaluating the way I calculate reserves. Currently, I use a percent multiplier by rent: 5% for repairs/maintenance, 8% for vacancy,...
Account Closed
first full-gut rehab on Helen Street
Investment Info:
Single-family residence buy & hold investment in Philadelphia.
Purchase price: $55,000
Cash invested: $37,000
full gut rehab needed new plumbing, electric, HVAC, patched floors, ...
Bobby C.
Changing from park owned to lot rental
Hello all,
I am looking at an 11 unit MHP in North GA right now, waiting on my offer to be accepted. The homes on it are very old ranging from 1959-1985. I can replace existing homes with a like kind property, but wa...
Lesley Govan
Asbestos
Hi,I've been looking at a lot of houses looking for a multifamily to invest in. I'm finding in my area a lot of houses that are 100 years old or more sometimes and have asbestos shingles/roof. My question is, because...
Domenic Santarelli
How would you renovate a tenant occupied unit.
How would you renovate a tenant occupied unit or would you completely stay away from this Idea? We had recently bought our first duplex in February and inherited a tenant on one side. We are House hacking and renovati...
Richard Singh
First Property in Guttenberg - In Contract
Whats up guys!After a 6 month search, I just put my first property under contract in Guttenberg - a 2 family fixer upper. 2200 sq ft, 3/1 each floor. I definitely dove off the deep end with this one, as it needs:1. Un...
Alecia Loveless
Consider the flip or forget
In one of the most desirable neighborhoods in my state sits a lovely Victorian mansion which was formerly a B&B. It is very dated inside with 40 year old wallpaper and stencils painted in many places on the walls....
Brianna Wickham
How to estimate repairs and maintenance
New to investing - what’s a good rule of thumb to budget as a cushion for normal home maintenance and repairs (IE: roof replacement, HVAC replacement, etc) for an older home versus a newer home?
Shaun Draughn
Due Diligence...what’s next?
Hello all, question for those of you who are buying multifamily properties!
What are some of the biggest fees you incur during the due diligence period?
Besides attorney fees, appraisal. I am just trying to unders...