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24 February 2025 | 0 replies
Would it be possible to take my $100,000 liquid cash and their equity and go to a lender and get some sort of funding for the rehab?
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11 February 2025 | 13 replies
I do a lot of searches for multi-families in Cleveland and Akron so Im looking at the MLS everyday on these and I think you can definitely get better cash flow in Cleveland, especially in the 120k price range.
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9 February 2025 | 1 reply
Purchase price: $122,000 Cash invested: $41,000 Value after renovation $175,000.Closing $ 31,000 Renovation $ 10,000 How did you add value to the deal?
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10 February 2025 | 24 replies
Then the inspector will provide a pass or a list of items that you need to repair.7. the inspector will decide what the rental rate will be for your unit.
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6 February 2025 | 8 replies
A good ballpark is $1,000–$2,500 per unit, but this depends heavily on how extensive the turnover is and whether you’re self-managing or hiring contractors.If you’re looking for more precision, connecting with local property managers or contractors can provide insight into typical costs for properties like yours in the area.
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24 February 2025 | 8 replies
Benefit – Boilers tend to last longer and provide even, comfortable heat, but forced air allows for central A/C, which can be a selling point for tenants.
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11 February 2025 | 5 replies
Ideally looking to refinance and pull cash back out after rehab.
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24 February 2025 | 12 replies
Our bank will let us use equity that exceeds 25% across multiple properties that are either owned free and clear or where they hold the first so long as the deal still cash flows with however much cash is brought to the table.
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1 February 2025 | 1 reply
He/she can also provide guidance / consulting throughout the year.Best of luck