Christopher Freeman
Building the Right Chart of Accounts
Howdy, all!I've been lurking on the forums for a few months, and finally came across a topic that didn't seem to turn up any search results: Building a chart of accounts for a rental business.Let me back up and start ...
Brandon Yuan
Legal budget for small apartment acquisition
How much is a reasonable budget for legal cost for small apartment acquisition (20 to 30 units)? Activities may include review/revise contract (any special language addendum outside of standard TAR contract), review t...
John Clements
Carpet Replacement ?
I purchased a duplex ( 3br 2 ba 2 car garage) 3 years ago an inherited a tenant. The tenant has lived in the unit for 8 years and pays rent on time. She is complaining about the carpet which is 20 years old. The carpe...
Account Closed
Am I Too Conservative?
I've found that after I take into consideration my contingencies seemingly good deals on the surface don't look so attractive any more. I wonder whether my assumptions/budget is too conservative.I generally use the f...
Griffin Myers
How to Estimate Costs When Analyzing a Deal
Hi all, I've started analyzing properties for my first deal. I'm looking in the Cleveland and Pittsburgh areas and have yet to find one duplex that cash flows. How do you come up with estimates for various expenses, s...
Cal C.
Learn from my mistakes, I Am
I moved to Atlanta in 2004, one of the things I planned to do was to become a landlord. Atlanta at the time lagged behind most of the rest of the country as a whole in RE prices and had seen only modest price incr...
Jack Srimani
Need help in analysis
Hi
I have seen a two unit house in a decent neighbourhood. The first floor has three bedroom and two bath while the upper unit has one bed room and one bath. The owners are selling this property and were in this one ...
Gualtiero Piccinini
When is attempting to recover past rent worthwhile?
A tenant who lived in a single family home in South St Louis City moved out in early October while owing, by the most generous estimate, $2,725. She also left a huge amount of items behind, which cost me over $700 to ...
Tim G.
$12,500 Wholesale from Bigger Pockets - When an agent isn't the best option
Pretty stoked to share I recently wholesaled a deal I found direct from the seller right here on bigger pockets!
Not only that, but I actually allowed them to make MORE money selling to me than they would h...
Henry Clark
Self Storage Day to day Constructing a new facility
Day in the life- Constructing a New Facility location
23 June 2020, 08:39 We are starting our 8th and final storage location. I will try to give an update as we go through construction. Although this will be instruct...