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18 June 2024 | 0 replies
A secure building will appeal more to potential tenants and provide peace of mind.Energy Efficiency:Ensure the property is energy-efficient with proper insulation, energy-efficient windows, and appliances.
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19 June 2024 | 18 replies
- Replace the flushing mechanism about 20 bucks or replace the toilet with a water efficient one if holding long term.Â
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23 June 2024 | 105 replies
From an asset protection perspective, it is important to note that an LLC is a very efficient legal tool to hold and manage investment real estate and to isolate the risk it generates.
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17 June 2024 | 13 replies
I plan on attending some other county auctions this year and branching out from just Charleston.Overall, though, I don't think its an efficient way to obtain properties.
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18 June 2024 | 17 replies
For the most part, the closing process was streamlined and efficient.
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19 June 2024 | 18 replies
Hey mate,Thick skin is needed on this forum and in business in general 🤷‍♂️I just posted something similar on another thread and the best advice I can give is spending enough time finding the right people on the ground before looking at the prospect of a market or a deal.Especially when doing BRRR out of state which is a very tough gig IMO.You can find the best market, with the best growth potential, find the best deal with the best cashflow but if your realtor isn't genuine, your property manager is incompetent and your contractor is a cheat.You will loose money.Also, underestimate your income and overestimate your expenses on every deal and business opportunity.If you think it won't happen to you, I can tell you right now that it unfortunately will...I've completed hundreds of flips and rarely come in at budget from a rehab standpoint.So keep that in mind.Appraisers are a joke and easily manipulated.They follow weird data and many want to cap you intentionally (No idea why...) on the ARV.They play it safe and can see how much you paid and what you spent on rehab so they will cap the value and come in under fair value on many appraisals.I stopped dealing with selling to investors looking to finance many moons ago as it wasn't efficient from a business perspective and I'm not in the business of using "in-house" lenders and manipulating appraisals like many others do.Â
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18 June 2024 | 83 replies
That’s to say, you would still need a human in the loop, but your paint crew is now one instead of 2-4.In my field (which is remote) I don’t foresee AI making me obsolete per we, but I do see it making engineers 5-10x more efficient every 5-10 years.
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20 June 2024 | 69 replies
-Have been called out by some members for doing this, yet it's the only way to efficiently respond.For others, I try to respond open-ended questions that hopefully will be like a trail of breadcumbs, leading them to the answer.
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14 June 2024 | 14 replies
Specifically around efficiency in devices when not maintained and challenges with realizing potential earnings with device electrification upgrades.