Dyanne C.
Duplex - 40k - Underestimating repairs?
First deal, I'm sure I made some mistake, thus the post!Duplex - C Neighborhood 40k - Purchase Price - 25% Down ~10k4k - Closing6k - Roof Repair1.7k - Misc Upfront repairsMonthly Expenses/IncomeUnit #1 - $450 - Curre...
Kris L.
Is everyone seriously underestimating Capex?
I’ve been sitting around for the past few days due to this virus situation and decided to run some Capex numbers on a typical house for the Tampa area. I apologize if this post is long, but I wanted to try to be comp...
Linda Ray
Underestimating the cost Funding for Flipping
I understand it's common to underestimate the amount of funding I would need to flip a rehab. Any tips and tricks you use to ensure that you won't go over budget during your rehab?
Marc Massicotte
Underestimating ARV/Overestimating cost of repairs
I know there is always talk about how wholesalers should not over inflate ARV and don't underestimate cost of repairs. That being said, did anyone find themselves doing the opposite and being overly cautious on both?
Tristan Cortez
Am I over/under estimating for Capex?
I am trying to make my capex spending plan so I can effectively evaluate potential rental properties. So my question is am I over or under estimating capex.Below is a picture of my excel spreadsheet for capex Thanks f...
J Stoddard
First Flip Buffalo NY: Worried about underestimating repair costs
Looking at flipping this house:https://www.zillow.com/homes/for_sale/house_type/3...I put the info into the Flip Calculator and here were the basics:If I offer: $60,000 (It's been on the market for almost a year)Repai...
Jeff Gebhart
Am I over complicating direct marketing or underestimating it?
We are experienced landlords and have done a few flips. We have never done direct marketing for properties but want to. The more I read, the more I get confused. I realize there is no recipe / cook book for what wil...
Jessie Newton
Contractor underestimated how much it'd cost to build my house
My husband and I bought some property in July 2017. We have a family friend who has been a contractor for over 16 years, so we chose him to build our house. He said signing a contract wasn't necessary, but did give us...
Andrew Sampino
My friend is underestimating expenses on duplex in Dallas TX
Hi everyone,
I have a friend who is considering purchasing a duplex in Dallas TX. He refuses to budget for vacancy and capex. I'm trying to convince him to be more conservative but am having a hard time since I reall...
Connor Cogdill
Mobile Home Park- Is this a good deal? Underestimating Expenses?
Asking $600k11 Spaces All Occupied8 TOH- $285 per month3 POH- $1300 (Section 8), $900, $750Single Story House- $775 monthlyGross Monthly Income- $6005Gross $72kWithout Due Diligence-Owners Expenses: Maybe $200 per mon...