William Hughes
Expense Budgeting for Large MFH vs. Small MFH Properties
Hi. The rule of thumb for estimating CAPEX and Repairs/Maintenance is from 5-15% of monthly rent. Does this rule of thumb hold up for larger multifamily properties (above 4plex)? For example, would a 10-unit apartment...
Jonah Mullins
Help! Looking at getting into Air BnB
Hello all! I hope you all are having a great night. I am looking to getting into becoming an Air BnB spot, and possibly house hacking a duplex. Currently I have no portfolio, so this is where I would get started. I am...
Gregory Cudzilo
What areas in WV are hot right now?
Is anyone aware of any specific towns or counties in WV that are currently looking good for SHF buy and holds or duplex/triplex? Trying to get a feel for where to start my search. Thanks!
Fe Alexandra
Is this a good deal?
I recently got a home under contract. Home needs complete rehab3bed, 1 bath, 2 car detached garage$120,000 ARV$ 50,000 repairs= $70,000- $40,000 asking price...=$30,000Someone please help... wanting to know if I shoul...
Greg Todrank
Variable Closing Costs
Do closing costs change based on the price of the property? I have been using $3500 for my current estimates. I recently saw a thread where people were quoting $10K on $200K properties as actuals.
Stewart Van Wyk
New Member from Hong Kong
Good Day members... Im am a South African boy, living and working in Hong Kong and wanting to invest in the USA with the end goal being a life for my family in the USA. Once the world returns to some sort of normal, w...
Sanjay Sharma
how to set rent price
Hi, I'm almost done with rehab of my triplex. I'm trying to decide what to rent each property. my prop manager used rentometer and recommended the following:3/2: avg: $2600, median $2700, 25% $2200, 75% $2900. 2/...
Gabriel Peterson
Fannie Mae HomePath
I am looking to purchase a FannieMae Homepath property. Does anyone know if I improve the value of the house can I borrow against the new appraised amount and reinvest? If so can anyone tell me how long I need to hav...
Ian Smith
Rental converted to Personal, how to handle HVAC
Lived in house from approx 2000 to 7/2014 at which time i rented it out. In Late 2015, i had to buy a new HVAC which meant that in addition to depreciating my house, i started depreciating my HVAC on a 27.5 year sched...
Clareen Eberly
Bathroom for each tenant when doing rent by the room?
Hello! My husband and I are getting started with doing mid-term rentals. We are looking into renting by the room. Do you find that typically each tenant wants their own bathroom vs sharing one with someone else or it'...