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21 December 2024 | 1 reply
Property was sitting on market and needed light updates (roof, flooring, paint) but was in a great area that allows STRs giving me multiple options when deciding on rental strategy How did you find this deal and how did you negotiate it?
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19 December 2024 | 6 replies
Delegating up front will help you open up brain space to expand and think about how to add to your portfolio, rather than running your portfolio.2.
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23 December 2024 | 3 replies
I have 3 family apartment building and a SFH with 4 garages, 1 shed, and 4 outside designated parking spaces for sale for 1.75 million.
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30 December 2024 | 14 replies
Let’s break it down with the 70% rule to see if it’s investor-friendly:ARV: $190,000 (taking the middle of $180K-$200K)70% of ARV: $190,000 * 0.7 = $133,000Minus Estimated Repairs:Roof: $20,000AC: $4,000Additional repairs (general estimate for a property needing updates, say flooring, paint, minor plumbing): $10,000-$15,000Total Repairs: approx. $35,000Max Buy Price for Investor: $133,000 - $35,000 - $10,000 (wholesale fee) = $88,000Since you’re getting it for $91,000, you’re close, but to make it irresistible, consider negotiating the purchase price down a bit further.
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23 December 2024 | 1 reply
Can you find a 2-4 unit property and live in one space while renting the others?
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24 December 2024 | 2 replies
What worked for me was partnering with a trusted local business or coworking space in the area and using their address (with their consent, of course).
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27 December 2024 | 34 replies
My longest recent rehab was 2.25 months and added a half bathroom, took down 4 walks including load bearing, put up 3 walls, new plumbing, electrical, flooring, huge percentage of drywall, an eye brow porch, new kitchen with full layout change and new bathroom with full layout change.
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27 December 2024 | 8 replies
I’ve already realized how much there is to know, and I’m grateful for spaces like this where experienced investors share their wisdom.Right now, I’m working on getting a better understanding of T-12s (Trailing Twelve-Month Financial Statements).
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25 December 2024 | 10 replies
If you have rules in the lease such as furniture in shared spaces is fixed.
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7 January 2025 | 16 replies
He's also launching people into space.