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31 January 2025 | 1 reply
Planning to sell my property in vegas, just wanted a second opinion on if these are typical, fair costs in today's market.
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6 February 2025 | 4 replies
By the end of 2 years, I could save 50-60k for a down payment, closing costs, and reserves.
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16 February 2025 | 18 replies
Works best if you trust the flipper.Wrap + Second Position Combo: This is a cool little move—you work out a wrap-around mortgage with the seller, then assign that contract to your borrower, and still lend in a second position for repairs or closing costs.
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26 January 2025 | 15 replies
Yes we avoid custom work to help keep cost down.
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31 January 2025 | 10 replies
My strategy incorporates asset protection measures like LLCs, specific trusts as well as professional property management to spread risk and ensure quality operations.As well as using tax codes to my benfiitSection 179, IRC Section 162, Cost Segregation and Bonus Depreciation and later 1031 them out for larger projects.
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10 February 2025 | 10 replies
$1,500-$1,600 is about the going rate for a 2/2 in most average areas of BR, but I can see where some neighborhoods would get more.Another thing to think about - if the property is sitting vacant right now and you have ready and willing (and qualified) tenants, then the opportunity cost of waiting an extra month or two is $1,550/month.
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26 January 2025 | 21 replies
It did not cost me $0.01.
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18 January 2025 | 16 replies
Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.
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4 February 2025 | 0 replies
But in reality, holding on too tightly limits growth, causes burnout, and actually costs you money.Why Letting Go Helps Your Bottom Line✅ Frees Up Your Time – Instead of handling every single tenant issue, you can focus on strategy, acquisitions, and big-picture decisions.✅ Allows Specialists to Do Their Jobs – A leasing agent will lease faster than an investor juggling 10 different tasks.
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4 February 2025 | 10 replies
If you haven't already, read "The Book on Estimating Rehab Costs" by J.