18 June 2025 | 26 replies
The surveyors and engineers have been helpful.
17 June 2025 | 3 replies
Bonus points if you can recommend a general contractor and engineer to estimate repairs.
18 June 2025 | 7 replies
Regarding the cracks in the wall: you will want to get a structural engineer over there to tell you how serious they are.
16 June 2025 | 2 replies
People who have done deal here at bigger pockets and at least have a good standing in this platform should contact.I have construction background and chemical engineer by profession.
17 June 2025 | 20 replies
Example: If your goal is to have "quality, reliable" cashflow in 10-15 years, then you can backward engineer that scenario and see what might best be suited to hit that goal.
18 June 2025 | 52 replies
I have been buying tax liens for about 15 years and have quit my day job as an electrical engineer due to the Tax deed rental houses I now have.It takes work.
13 June 2025 | 5 replies
Rent: $1400, HOA: $300, Insurance/Tax: $144, Net Monthly: $956, Net Yearly: $11,472, ROI: $11,472 / $106,000 = 10.8%Potential Condo #2: $115,000 purchase price, Rent: 1400, HOA: $260, Insurance/Tax: $150DSCR Cash Out Refi on Condo #1: LTV 75%, $86,000 Loan Amount, 30 yr fixed, 7.5% rate, Monthly Payment: Around $650, Closing Costs: Around 8-10k, Total Cash Left: $76,000Condo #1 After Refi: Money Left In: $28,750, Monthly Net w/ Payment: $306, ROI: $3600 / $28,750 = 12.5%Cash In Hand: $76,000DSCR Loan on Condo #2: $115,000 purchase price, 25% down: $28,750, after fees estimating $35,000 All In, $1400 Rent, $260 HOA, $150 Insurance/Tax, $650 Monthly Payment, Net Monthly: $330, Net Yearly $3960, ROI: $3960 / $35,000 = 11.3%RESULT: Total Monthly Costs: $2160, Total Monthly Net: $630 ish, Yearly Net: $7,560, Total Cash Invested $65,000, Yearly ROI: 11.6% CASH LEFT OVER: $41,000Could put the cash into a third condo or put into the S&P 500.Looking for some guidance on whether or not I should pull the trigger for some context:19 years old college student studying engineering (heavy courseload)Living in Chicago, Condos are in Ohio (I have family and friends out there)I work part time at a high end hibachi restaurant averaging $25-$30 an hour.My rent + utilities with roommates is $750 with room mates.The numbers work out, my main concern is whether or not Ill deal with large vacancy within the next 5 years, or a recession, and I have to cover the monthly costs on my own ($2,160) which is a lot and not sure if I would be able to keep that up for a long time if I am not working full time in the industry.
12 June 2025 | 4 replies
I have hired an architect, structural engineer, env p1 study, and so far the analysis looks good.
11 June 2025 | 13 replies
Revenue Management, their algorithm seems to under price your property.
13 June 2025 | 17 replies
I would find a GC or local engineer that is willing to do just construction management.