15 April 2019 | 13 replies
If you have a super, why does the tenant have your number to be calling you for maintenance and repair issues?
24 May 2019 | 8 replies
Either replace the furnace or get it repair furnace/boiler license personnel.
14 April 2019 | 1 reply
Are there any major repairs coming up (ie how old is the roof, furnace, hot water tank, etc)?
15 April 2019 | 2 replies
Normally they provide the equipment and do all the repairs.
15 April 2019 | 0 replies
Purchase price: $92,200 Cash invested: $13,500 Sale price: $140,000So on this deal, we were purchasing the house for $92,200 with an estimated repair budget of $8,870 for a total cost of $101,070 meaning the bank would lend $90,963.We borrowed $17,500 from our private investor to cover the 10% required from the bank, closing costs, and money left over to start the rehab until the bank gives that money back through draws.We ended up spending a little over $10,000 on this house, which was fine because there was room.We listed it for $134,900 and got an offer on day 1 for $140,000.
16 April 2019 | 15 replies
If you purchase a property for $70k and put $10k in and it is worth say $100k after repairs.
16 April 2019 | 1 reply
We already repaired the roof upon closing, patched some drywall spots and plan to replace the HVAC unit once the current tenants move out.
16 April 2019 | 7 replies
From the pictures, the house doesn't appear to need much work, so the repair budget is low.
16 April 2019 | 0 replies
That CF is including money aside for vacancy, repairs, capex, lawn care, etc.
7 July 2019 | 6 replies
-Hunter Hi Hunter,First I was approved for up to 110% of the projected appraised value (after repair). 203k loans will go as high as 110% arv (after repair value).