Blake Williams
Closing costs?
I found a great deal on a duplex near me, I want to house hack it. I was thinking of putting 5% down and asking for 3% sellers concessions but I don't know if that covers all of the closing costs. Does anyone know how...
Naveen Desai
Roof Damage, Insurance to claim or Not to claim
Hello, Back in August we had some roof damage to one of our rental in Dallas region. We got an estimate from a roof repair company and the estimate came to 12K.We got the insurance involved and while they agreed ...
Account Closed
Finding the cost to build
I've read that a good indicator of the current market phase is the price to buy a new property in relation to the price to build a comparable property new. The general idea being that if it costs more to buy an existi...
Gary Shaw
What would you do?
Hey guys,I have a lead on a 3 bedroom, 1 bath single family house in a nice suburban area. ARV is about $135,000 (conservatively). The house was built in the 50's. The biggest problem is a previous owner added an a...
Gene H.
How many homes can i build?
Hello - I'm a newbie when it comes to real estate development but wanting to learn. Have an interesting opportunity that i'd apprecaite input/views on. Lot is in a suburb, south of Seattle.Combined site for sale is ~3...
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 ...
Eric C Henry
How many contractors is too many?
Hi all! I am in the process of rehabbing my first house for a fix and flip investment. The house needs a good deal of work. Most of the contractors I speak with want to take on the job of fixing the whole house and su...
Stuart Udis
Investing in Multi-Family Syndications With An Out Of State Sponsors
Like many of you, I am frequently contacted by syndicators raising capital for apartment building acquisitions in distant markets. In many instances I am notified an offer was made in a multiple offer situation with a...
Danny Day
What do you budget for closing cost?
Wondering what everyone budgets for closing cost as a rule of thumb. I know this can vary based on county to county, who pays title policy, etc. but I'm wondering generally what do you use off your head.
3%, 5%..7%?...
Derrick Sisney
equation???
I am curious. I have read about "How do you know if a deal is a good deal". My questions is is there a particular EQUATION that you use to ensure that you WILL make a profit of some sort.
I am not wanting to rent out...