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25 February 2024 | 0 replies
“Real estate investing, even on a very small scale, remains a tried and true means of building an individual’s cash flow and wealth.”Robert KiyosakiFor me, the path to financial security wasn't paved with stocks and bonds but rather with bricks and mortar, as I embarked on a journey into real estate investment.
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23 February 2024 | 3 replies
Attracting Tenants: Tips on marketing the property to potential tenants who value sustainability and might be willing to pay a premium for such living conditions.Maximizing Cash Flow: Advice on structuring the investment to ensure a steady, positive cash flow and a strong return on investment, considering the property's sustainable features.Sustainable rental properties can pave the way for a new standard in real estate investing, balancing environmental stewardship with financial prosperity.
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19 February 2024 | 0 replies
I worked with two amazing Brokers (Travis and Patrick from Savvy Ent.) and an outstanding loan officer (Isaiah from Cornerstone Mortgage) who really helped pave the way.
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20 April 2018 | 14 replies
Smaller traditional wood cabins lost in the forests or larger more renovated "HGTV" cottages on paved roads, views, hot tubs, proximity to town/amenities (and micro-brews!)
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27 October 2016 | 4 replies
I like Deziel Paving.
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3 April 2017 | 5 replies
The inspector wants me to remove the gravel and install either concrete or asphalt on the approach. that's approximately 450 sq. ft.the house is in garden city, next to livonia, westland, redford, canton, wayne and de...
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18 August 2016 | 7 replies
Also because even on NNN leases sometimes the owner is responsible for let say paving the parking lot or some other expenses.
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1 September 2016 | 9 replies
We do mobile home parks so we typically are not looking for one person to do a general inspection but we hire a plumber to come out check water/sewer/gas lines for a professional opinion , same with electric , or if there is roads that look kind of questionable, we will ask a paving /concrete contractor to look at it.
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4 December 2016 | 47 replies
On a typical project, here are the contractors I'll probably use:- Demo- Roofer- Painter- Carpenter- Plumber- Electrician- HVAC- Window Company- Tile Guy- Carpet Guy- Hardwood Guy- Cabinets/Countertops Company- Termite Inspection- Landscaping- Garage Door Company- House CleanerIn addition, on many projects I'll also use:- Drywall Guys- Insulation- Surveyor- Structural Engineer- Inspectors- Concrete Company- Driveway/Paving Company- Grading- Tree Trimming- Shower Glass CompanyFor big projects, new construction:- Architect- Civil Engineer- Foundation- Asbestos Removal- Sediment Control- Excavation, Dirt Hauling- Interior Sprinklers- Stone WorkEach of those contractors will typically get between 1-4 draws, depending on the scope of the work they have for the project.Then there are materials and other non-labor costs:- Permits (0-3 transactions per project)- Porta Pottys (0-3 transactions per project)- Home Depot Materials (3-5 transactions per project)- Dumpsters (1-3 transactions per project)- Paint Purchase- Cabinets/Countertops Purchase (2-4 transactions per project)- Flooring Material Purchase (1-2 transactions per project)- Specialty Material Suppliers (0-10 transactions per project)- Utility/Service Installation (0-5 transactions per project)- Private Inspections (0-5 transactions per project)- Insulation/Airtightness Tests- AppliancesOn top of that, I will potentially write several checks to:- Title Company- Property Inspector- Appraiser- General Contractor or Project Manager- Interest Payments- Utility Payments- Tax PaymentsOn top of that, I have my general business expenses:- Accounting- Legal- Interest Payments- Tax Payments- Brokerage Fees- E&O Fees- MLS Fees- Overhead/Office (Supplies, Equipment, Subscriptions, Software, etc)- Telephone/Fax/Internet- Income from Property SalesAll of these easily add up to a couple hundred transactions on a large project or new build, meaning many dozen per month.