
5 September 2014 | 13 replies
Is it reasonable to expect tenants to take care of things (ie. not putting wet dishes and other things away in the cabinets..not banging the edges of cabinets when they put things away…not dripping water on outsides of cabinets leaving it… and things of that nature)?

4 September 2014 | 4 replies
Quick financial summary below for context: Listing Cost $567,500 25% Down Payment $141,875 Home Improvement $100,000 30 year Mortgage Loan Amount $525,625 APR 4.5% Life of Loan (years) 30 Number of Payments a year 12 Total Number of Payments 360 Payment each Period $2,663 Sum of Payments $958,775 Interest Cost $433,150 Monthly Rent: $4800 currently, Goal is $7200, Expenses: $2400 a month (50% Rule)Issue 1-Potential Bad TenantsOne of the units was absolutely trashed with mouse traps and obvious apathetic tenantsOne of the units looks to be a party house for recent college gradsDo we have any leverage to get these tenants out, both expediting our much needed renovations and getting us higher cash flow from the higher rents.Issue 2- Wooden Box Gutter Rot, Missing Mortar in brickWe're getting estimate on this but it seems to be an expensive fix.Issue 3- Old AC Units/Water HeatersIssue 4- Leaks around windows to interiorprobably ties back to the mortar issues in the brickDo any investors have experience in seeing major issues like this after the initial offer was accepted.

4 September 2014 | 9 replies
When we were up there last week, we couldn't turn on the water for the water sprinkler, so my mom called the water company and the man from the water company told her about the bad plumbing job.

5 September 2014 | 7 replies
Good ground cover plants can be your friend as well as plants that are well matched to your climate and don't require a lot of care and water.

11 September 2014 | 3 replies
Make sure it gets plenty of water and you'll be fine.Rob

12 September 2014 | 6 replies
Towel bar, toilet paper holder, ect) Electrical outlets plumbing Lighting Celling fan/ventFloors General outside of kitchen/bathroom Floors $3,500.00 Molding/trim (millwork cost included in section 12) Baseboards Electrical $7,800.00 Electrical panel Electrical outlets(grounding, circuit breakers) Electrical outlets placement Light fixtures / or celling fans Light switches Wiring Replace Light switches as needed Replace wiring as needed Plumbing (tentative) Old Galvanized pipes (outside of kitchen & Bath) – cooper Main water supply in take Sewer line8.

21 November 2014 | 36 replies
The Quartz counters in the bathroom and kitchen got installed today.Major Structural: -100% New Electrical (Wiring, Faceplates, Switches, Fans, Exterior Panel, LADWP feeds, etc) -100% New Copper Plumbing -New Sewer Drainage pipe to LADWP -Brand New Roof (1st layer, House&Garage) -Brand New Gas Water Heater (and moved from kitchen to outside of house) -All brand new windows -Brand New Doors -New Wood laminate floors throughout entire home -New lawn sprinkler system -Custom landscaping with new sod, colored stone, colored mulch, & plants/trees -New wood fence-Crown Moulding Install-All new baseboard installedEntertainment/Convenience Features: -New pantry -Laundry hookups in garage-LED Lighting & Bulbs Throughout -Whole Home Ethernet (Network) Pre-Wired -Living Room Sound System Pre-Installed (4x 6” Spkrs, 1x 8” Center Spkr, Subwoofer Hookup) -Living room HDMI pre-wired for wall-mount TV -6x Recessed Lights in Living Room -Each bedroom has 4x power outlets minimum -Firepit in backyard -Elevated concrete slab section for BBQKitchen: -Custom tile floor w/ pattern -Cappuccino Wood cabinets -Quartz Stone Slab Counters -Spice Racks -Trash storage drawer -Enclosed Surround for up to 36” Fridge -Recessed light over sink -Dishwasher hookupBathroom: -6ft DUAL Master Vanity -Cappuccino Wood cabinets (matching kitchen) -Quartz Stone Slab Counters (matching kitchen) -6 Storage Drawers plus 2 main under sink storages -4.5ft mirror -Custom tile floor -Custom shower/bathtub tile surround -2 Recessed Nooks w/ Interior Colored Glass

13 September 2014 | 12 replies
Hey guys,I have a lead on a property to wholesale (I'm brand new to wholesaling) I think I can get it at 70% of ARV but am worried that the work needed -- I don't know if it's ever been remodeled and has some water stains in the ceiling -- will be too much for a flipper to take on for the profit margin.

12 September 2014 | 5 replies
Current Rents: $2700/mo (I believe I can have rents up to $3200/mo within a year)My quick analysis, (using $2700/mo for income), looks like this:Asking Price: $165,00010% down: $16,500Payments @5%, 20yrs = $980/moOperating Costs: $1080/mo (Gas, Electric, Water, Insurance, Taxes)$2700/mo - Operating Costs: $1080 - Mortgage $980 = $640/mo Cash FlowCap Rate: 4.6% Am I missing anything in my analysis?