Julie Muse
Mount Vernon Drive Success: Strategic Renovation Yields Strong Profits!
1 August 2024 | 0 replies
This experience reinforced the need for detailed planning and flexibility in project management to adapt to any unforeseen issues while still achieving profitability.
Cesar Garcia
couple of questions for those that self manage out of state investments...
1 August 2024 | 19 replies
Even at your own primary residence, unforeseen things happen all the time and your due diligence is probably not going to be equivalent for an out of state rental.
Ovando Graham
Best methods for financing deal
30 July 2024 | 1 reply
Rentals create cash flow, and that's what we want as real estate investors, but you need cash on hand for unforeseen circumstances.The AC needs to be replaced, that's $7K to $10K or more depending on the size of the house and if you have one rental, it will eat all your cash flow, same to replace a roof, etc, or if tenant trash the home, you need money to fix it again.To me personally a nice rental portfolio that is healthy consists about 10 units, so if you have an issue with a house the portfolio can cover the repairs and still healthy, but when starting you need to have cash on hand just in caseYes, there are multiple strategies you can use to hack your way to buy your first rental with minimum cash, but I would start wholesaling or fix and flip a few deals to create that cash as fast as possible
Robert Lopez
Labor Cost? Did I pay too much?
31 July 2024 | 13 replies
I always like to stay under around 60-65% rule, as some unforeseen expense always seems to pop up once you start tearing down walls.
Dennis Meyer
What Heloc strategy is best?
29 July 2024 | 5 replies
With renovations, it is typical to go over budget (especially on your first one), and you want to ensure you have cash to complete the project if unforeseen issues arise.
Mary Eubanks
Rate of Return when flipping
1 August 2024 | 33 replies
Make sure that you set aside some money for unforeseen events like sub-floors, rotten pipes etc...
Travis Hosp
Looking for advice on how to acquire my first rental (Military Vet)
30 July 2024 | 8 replies
I think yes, you can leverage your VA loan.But before you do that, you need to make sure you have money aside in case of unforeseen circumstances.ideally, if you buy a fixer-upper and can get 100% of the loan + renovations + Closing costs covered on the loan, then after renovation, you can refinance it to rent.
Deena Townsend
First Fix & Flip
27 July 2024 | 10 replies
No matter how well you plan, there will always be unforeseen issues – from hidden structural problems to unexpected repair costs, or project delays.
Sarah DeMamiel
$400,000 To flip or to brrrr? Or both?
21 July 2024 | 64 replies
Too many unforeseen issues.
Daniel Kries
VA assumable mortgage
18 July 2024 | 5 replies
I must occupy my current home for a year unless there are some unforeseen circumstances.