Can y'all tell me what the typical amount of cash reserves are needed to keep for random capital expenditures?
Is it based on gross rent?
I know older Units will require more yearly maintenance.
Is there a formula...
I am currently living in a 4 bedroom single family home that I bought mostly as an investment because I stumbled across it while initially house hunting. I got the 2500 sq. ft., four bedroom, two car attached garage i...
Hey everyone,
I could really use some guidance on a property investment decision I'm facing. Recently, I came across a 4-plex in Florence AL listed at $310k. The current rents are $600 per unit, and the seller mentio...
If you have Netflix, check out "Nightmare Tenants, Slum Landlords". It's amazing, and not in a good way. It reminds me of some of the eviction horror stories I've heard about in extremely pro-tenant jurisdictions li...
Subject Property: ARV $120,000. Purhcase price: $75,000. Rehab: $18,000
Lender A: 9.99% w/ 3 points, loan is 70% of ARV . Requires standard closing costs plus $35,200 cash reserves to close deal.
...
I am looking for any recommendations for CPA's with a background in REI. I don't know if this is akin to asking for someones favorite fishing spot or not, but I would greatly appreciate any thoughts/references.
Here is a report out of Baylor University (yes, it's almost 10 years old) that has nearly 100 pages of court decisions regarding various aspects of LLC law. Remember that LLC law varies by state, but after endless di...
I want to do an LLC on my properties. Cpa says its worth to add my wife on it to have its own tax preparing. Most i know do single person llc. What do you guys recommend ?
Hey there smarter people. I have a single family rental home and the laminate kitchen counters need to be replaced. My neighbor is replacing her like new granite tops, and I get to keep the old granite if I want. I...
Ok, We have all heard "The most common question in Biggerpockets" a thousand times. "Should I start an LLC?" Ok the decisions has been made to go forth with creating an entity. How have other successful investors set ...