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23 May 2024 | 52 replies
Repeat the above procedure and get a Roofing cert, chimney cert, HVAC, plumbing, electrical cert or statement of recent service and opionion of condition, etc for any other prefessional trade that might be an issue.
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20 May 2024 | 5 replies
Smaller local markets are harder to nail down accurate ARVs and find reliable trade labor.Regarding managing general contractors, I've heard some horror stories from our owners who have worked with GCs they've never met.
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21 May 2024 | 25 replies
Furnished Finder has a podcast they sponsor called the Landlord Diaries so you might check there as well.
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22 May 2024 | 31 replies
The other side of it is that paying 5 or 7% for a heloc to invest in something that is making you 8 - 10% is a pretty good trade - especially if the other option is taking a 20% hit and then investing the rest.
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20 May 2024 | 3 replies
One of the misconceptions investors have is they open a LLC for real estate and owning rentals and think they can get business credit, which would be like opening a LLC to trade stocks - business must be operating and generate revenue and EBITDA
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20 May 2024 | 3 replies
You can get some education, network with other investors, trades, lenders etc., that may be looking to partner with someone with your skill set or time availability.
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24 May 2024 | 259 replies
Just depends on how much you want to cash flow, your down payment, loan type... and what areas you're open to (in terms of neighborhood ratings - C/D areas cash flow well but the trade off is a higher chance that rehab is needed between tenants).
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22 May 2024 | 30 replies
They may hire a contractor (they use the same guy and he's done a great job so far) or a specialized trade for anything more advanced - electrical, plumbing etc.
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20 May 2024 | 12 replies
Ford Motor Credit will do no pg business auto loans/leases, but you need a strong DNB profile, with high trade limits reporting.
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21 May 2024 | 34 replies
(This is obviously a simplification; one must consider risk, personal comfort, ability to manage, etc.).The wealth builder should always consider selling or trading his property for a property that will increase his net worth FASTER.