Being new to REI my nerves are starting to hit me a bit on my first fix and flip. Upon reading a book every two weeks for the last 1/2 year and listening to the BP Podcast like it's an obsession. This education has in...
Hello, other than contacting insurance companies for a quote on every deal you consider how do you estimate insurance?
I own a house on a commercial block and I’ve got a license to use it as a boarding house. What that means is I’ve got bunks inside and a property manager onsite who collects weekly rent from people who are in between...
Hi all,I have a small 5 unit apt complex in NJ and want to know whether it makes financial sense to separate the water and electric meters. Is there a formula or easy way to determine whether the upfront Capex costs a...
I'm buying a foreclosure for $84K, ARV should be $125-$130K based on comps, maybe a little higher based on quality and condition. 3/2.5/2 1720 Sq Ft, 1988 construction.
The loan package consists of a 6 month IO cons...
We're in the middle of our first rehab for a buy and hold, two-unit building. Demo is complete and brand new electric, plumbing, HVAC, etc. are about to be installed starting next week. In order to close on the 203k...
I am under contract on a 4 plex that had a owner occupied unit. He has renovated 3 of the 4 units with the last one about half finished. Should I be worried about the owner (who is a contractor/construction guy) doi...
Hi - In areas such as NJ (that have high property taxes)....for an owner occupied duplex (or triplex)...does the 50% rule still apply?
I am looking at a MHP on East Coast. Good area, nicely maintained park. Public Water and sewer. Do you see any red flags, issue in following numbers? Based on current cap rates, what do you think value can be? Thanks.
I just wanted to get out there and introduce myself to this forum, I've been sitting behind the screen learning from a distance, reading forums, watching podcasts, asking questions at my job etc. I am 21 years old, I ...