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3 January 2025 | 18 replies
If multiple people chose another house for the same reason or avoided yours for the same reason, maybe you can pivot a little to prevent that issue being a factor for future prospective renters.
1 January 2025 | 24 replies
@Venecia BaezRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a Class A property in Class D area, what quality of tenant will you get?
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28 December 2024 | 8 replies
@Adam OrtizRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?
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26 December 2024 | 3 replies
How have you seen local ordinances or restrictions impact these projects?
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30 December 2024 | 4 replies
You can read a book and multiple books, but unless you are out there doing it (I.e. getting bids and getting contractors to truly get you an exact estimate) you will be far off from the numbers you want and may even lose money on the flip/rehab.The best advice I would suggest in my experience is that you should get into the line of work by either partnering with someone or working with someone on some projects prior to going into a flip on your own.
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26 December 2024 | 9 replies
With the exception of 1 bedroom units, you basically have 2 options:-Oversized/commercial machines (potentially multiple sets)-Off site cleaning with clean spares on siteThe latter is almost always the most efficient and basically what hotels do at scale.
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9 January 2025 | 18 replies
Multiple asks muddy the waters and make people feel as if you are nickel and diming them which you are.
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21 December 2024 | 10 replies
That's significant and really impacts margins.
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31 December 2024 | 97 replies
I know in my 50 years of being an RE Broker in Multiple states I have had to just go direct its usually frowned upon per ethics but if you think you need to nothing stopping your agent from doing that..
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30 December 2024 | 24 replies
The only time you would see a fee related to maintenance would be a project management fee if multiple trades are required during a property turn.