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12 February 2025 | 0 replies
Purchase price: $130,000 Cash invested: $9,000 Sale price: $185,000 I did not have the knowledge then to keep the property and pull money out to complete renovations to another property we purchased a year after this one that required a complete overhaul.
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30 January 2025 | 3 replies
I have an opportunity to make a quick 30k in equity, but only cash flow around $25 — if I look at long term appreciation, that seems to make sense to me, but am I overlooking something and trying to make this work?
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20 February 2025 | 3 replies
Hey everyone,I have a buyer ready to submit a full asking price offer on my flip, but the 90-day flip rule won’t be lifted for another two weeks.
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20 February 2025 | 2 replies
I think we are competitively priced, so most of out tenants have been renewing, but we plan to test higher rents in 2025 for our larger apartment buildings to account for the steep increase in insurance prices.There have been A LOT of new apartment buildings put up recently in the Cedar Rapids metro area, so depending on the class of tenant you have, maybe that could account for some of softening you are seeing?
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19 February 2025 | 2 replies
As there are Californians still moving here, the vast majority are instead picking the states with low or no state income tax like Texas, Florida, or Tennessee.Although we still have a positive influx of people moving here, more people have been leaving due to rising housing costs in recent years.To put it in perspective, we saw around +45k in the 2010's.Overall, CO is basically a balanced net migration in recent years which is likely to keep home prices steady....
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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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13 February 2025 | 123 replies
I mean, if you are looking just for the connections or looking to expand your network, I guess it is worth the price just for that.
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24 February 2025 | 5 replies
While it seems like there are some better priced deals lately, you may have to be prepared to put down 30-40% down.I'd say due to the lack of homes for sale, you should be open to many if not most cities depending on the deal that comes up.
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18 February 2025 | 2 replies
Purchase price: $75,000 Cash invested: $95,000 Bouight this 6 units with owner finance.
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17 February 2025 | 0 replies
Getting sellers to accept half-price offers wasn’t as easy as they say.