24 May 2019 | 10 replies
It is easy but there are some tricks/rules if you want it to hold up.Refinishing will be cheaper or equal in cost to installing a new low quality flooring.
22 May 2019 | 5 replies
Thank you for replying Kenneth,I've read the Estimating Rehab Costs book but it is more of a rule of thumb in the way it is written.
22 May 2019 | 5 replies
Or is it the case, that this rule of "one business day" is more of a loosely held rule and the one business day can turn into three or five?
24 May 2019 | 2 replies
I kept my rule of thumb profit as a number rather than a percentage.
28 May 2019 | 5 replies
If you can’t get what they estimate, it appears it would immediately draws you below the 1% rule.
4 June 2019 | 44 replies
Pay off my house and get a first position HELOC on it.I'd then use the rest of the money to buy rental properties with about 40-50% down at the very least 1% rule.
31 May 2019 | 5 replies
What made them call you - what kind of repairs are NEEDED - so on and so forth....By the end of the meeting, you both will have "itemized" the areas that need work, and that gives you a jumping off point with how low THEY are willing to sell for, and how justified you are when you give them an idea of how much you'd buy for...The BP podcasts with Michael Quarles was great with this - He was on episode 77 where he discusses talking with these potential sellers with some finesse...He also was on episode 81 speaking more to marketing strategies as a whole.
29 May 2019 | 8 replies
Fees should be clearly stated, easy to understand, and justifiable.
2 June 2019 | 12 replies
So, you can see it doesn't fit into the 1%, 2% rules.
27 June 2019 | 13 replies
@Shavar Golden when you purchased your first multifamily, did it cashflowed with you living in it or did you justify your purchase knowing it will cash flow when you leave?