1 May 2019 | 14 replies
The upside positives are slight increase in rents, flipping electric & heat back to tenants, renting out the 8 storage units.The future rents , with increase, stays in line not to overprice..... compared to home ownership.The property is well in the 1% rule.
25 May 2019 | 7 replies
So as long as I have a good property management team lined up and the numbers make sense it shouldn't really matter which way I go?
12 June 2019 | 4 replies
I have a large line of credit and need a refinancing option after the ADU is completed and both the front house and ADU are rented at market rents.
30 April 2019 | 5 replies
i suggest Female A speak with an attorney, however, from what you wrote here "There are three women named in a Will to inherit a house in Panama from an Aunt", this seems the only pertinent line of your entire scenario.
29 April 2019 | 13 replies
Call the contractors and interview them-How many jobs do they currently have, when could they potentially start on yours, how many men will the have on the job, How do they bill for projects, have them meet you at the property to bid the job and provide plans and Scope of work before you meet so they can come with a rough number and then provide a line item bid.
24 April 2019 | 5 replies
@James Dupont maybe you should post on the forum something like "Rich Dad Seminar" in the subject line and ask for feedback from those on BP who have gone to this event.
29 April 2019 | 2 replies
Hi @Allie Barke, CapEx or condos are waaaaaaaaaaaaaay lower. https://www.biggerpockets.com/blog/2015/10/13/real-estate-capex-estimate-capital-expenditures/The article does a good job of listing the costs line item, but does require adjusting based off the quality of your condo, and your market.
8 May 2019 | 19 replies
Hi Michael, it's because locations are at the bill/invoice level while as classes are at the line item level.
28 April 2019 | 9 replies
The last thing you want to do is put ten's of thousands of dollars on the line and find out that your working inexperienced people or worse... scam artists.
26 April 2019 | 3 replies
I have one potential tenant who wants 3 out of the 4 offices and a few other possibilities lined up who might be interested in the 4th.Here are some factors to the decision:My ultimate goal is to buy and hold properties for a long period of time so that once they are paid off, this will be my retirement income (I'm currently 35).While I have a positive cashflow on my first property, I don't have a lot saved up at this point that I could put towards a downpayment for the second property.I talked to a banker who, based on my current finances, would finance 100% of the property, 5 or 10 year loan, 4.5%, amortized either 20 or 25 years.So...from my perspective that looks like $0 down other than closing costs, and tenants lined up who are interested in the office.One problem is that given the asking price, and what the monthly mortgage + operating costs would be, the rents for the 4 offices would be 20-25% higher than the market rate.The potential tenant who is interested in the 3 offices is willing to pay that because there are some unique characteristics that they are specifically looking for that would be hard to find somewhere else.Let's say that tenant is willing to sign a 5 year lease initially.