All Forum Posts by: Derek Turbacuski

what is the after repair value of this complex? What is your intention with this property?

what is your plan for the property?

definitely offering your labor for free in exchange for mentoring is a great approach if you can manage it. Just make sure you find a qualified, and skilled GC. Learn it properly, not from a hack. You can also look at local technical schools or community colleges that offer carpentry 101 classes or adult ed classes. Good luck.

Good pictures with a good camera make all the difference in the world.

@Tom Sylvester thanks for your input. I enjoyed your blog post as well. I really liked the excel spreadsheet you used. Any chance you would be willing to share a blank copy of it?

Sorry for the corny subject line but I could not resist.

Has anyone had experience owning and operating a car wash?

I was once told $100/SQFT to $125/SQFT for new construction. Might be a little high for your purpose but a place to start. Better to overestimate. Get contractors to bid on construction portion. Pricing the finish work you can do by walking around Home Depot/lowes.

@Brandon Turner thanks for the reply. Can I just say I think it is pretty cool that one of the main guys behind this monstrous network takes time to respond to forum posts.

@Matthew Baumberger welcome. I am also from CT and am new to bigger pockets. Definitely check out the podcasts. Some real good stuff going on there. What is your background in? If you ever want a local guy to reach out to to give you a different perspective on a deal or whatever, feel free.

Just curious what everyone is using as percentages to budget for buy and hold properties? I'm thinking of using 10% vacancy, 12% repair and maintenance (to include repairs, lawn care, snow), 10% CapEx, 10% property management. Following the 50% rule, this leaves 8% for taxes, insurance, and any owner utilities that may be required. Does this sound correct to everyone? Do you vary your numbers any differently?