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24 November 2024 | 7 replies
I can see sharp investors talking to these folks and just basically talking the seller into cancelling and coming with them as they will pay more..
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29 November 2024 | 27 replies
Those losses can be substantial, by the way within an HVAC system-Again I doubt these technologies would hold up under scrutiny within a court of law because all it takes is one person with even a basic grasp of principles of engineering and you’d find an easy 10+% delta in these systems’ measuring abilities.
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26 November 2024 | 18 replies
Everyday RE investors achieve success with just basic math skills.
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27 November 2024 | 48 replies
Secondly is to outsource everything to a professional so you are basically acting as the developer/project manager.
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24 November 2024 | 7 replies
I would not sell unless you have another place to move that is basically paid for.
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24 November 2024 | 10 replies
Here are some basic facts:Initial cash invested: $120kYear 1 Cash Flow: $12.3kYear 2 Cash Flow: $8.6kYear 3 Cash Flow (YTD, 3 months left in year): -$4.5kCurrent equity estimate (net of expected selling costs): $102KMortgage rates at or below 3.75%CapEx uncertainty: HVACs will likely require replacement within the next 5 years and one of the roofs is nearing 20 years old.Market is the Huntsville, AL area.Underwriting hurdle when acquiring these properties was 10% CoC return annually.With a 10% CoC return after Year 1, I felt good about this investment.
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20 November 2024 | 45 replies
The wheels started coming off when we started building in these safety net's against failure.
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22 November 2024 | 33 replies
I had to basically start from the beginning again bc the attorney I used for the longest time retired and my original post was basically like starting over--creative financing is foreign to most now.
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20 November 2024 | 15 replies
If it sounds too good to be true, then make sure that you take the necessary steps to ensure your own safety.
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22 November 2024 | 24 replies
If they do complete them, it's probably very basic, not taking what your contractor is now advising you into consideration.