Expensive market? Build to Lease to grow a portfolio
Sunday, August 12
Building a rental portfolio sounds easy when listening to a podcast or reading a blog article where the investor has accumulated dozens of units all at 1% rule multiples. But what to do in a market where you want to grow a portfolio, but rents in are only a fraction of what is needed to even cov...
30 Day Basement Development - Start to Finish
Tuesday, April 05
Basement Development – start to finish in 30 days?Summary – we had to finish a basement in 30 days. Our preliminary budget was $11,250 USD, actual cost was just under $13,000 USD, or $21.55/ft . The job itself was a significant learning event since we are a home builder, not a home renovator. ...
Strategies for selling into a down market
Sunday, February 21
Real estate cycle timing is hard to predict in my region, however, the cause of the cycle is easy to understand. Our real estate market is mainly driven by in-migration and the oil price based economic outlook.As you can imagine, 2015 was a brutal year for oil (and real estate), and 2016 could b...
New Kitchen, Concept to Completion
Sunday, November 22
Having built a number of kitchens, I thought I would share some of my experiences with the bigger pockets community. As the general contractor I always have a strict budget and timeline to adhere to, and a client to please. So, how do I do it?1. Create a conceptual framework for the kitchen - ...