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20 December 2024 | 3 replies
He adjusted his listings to highlight those features and got a contract within a week.Expand Your Reach: If ALE is slow, it might be worth simultaneously listing on Furnished Finder or working with insurance brokers.
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5 January 2025 | 24 replies
@Hamidou Keita House hacking by converting a single-family to a duplex is a smart strategy, but requires careful planning.Pros: Offset living expenses, higher rental income, increased equity.Cons: Significant conversion costs (permits, construction), zoning restrictions, living in a construction zone, managing two tenants.Key Considerations:Feasibility: Check local zoning and permitting.Costs: Get detailed construction estimates.Market Analysis: Ensure post-conversion rent covers expenses and there's rental demand.Resources: BiggerPockets forums, local contractors, real estate agents.Have you researched your target property's conversion potential?
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15 December 2024 | 4 replies
During your initial walkthrough, inspect the property for any major issues such as structural damage, roofing problems, plumbing, and electrical concerns, while documenting all cosmetic and functional issues with detailed photos and notes.Once you confirm the property’s potential, finalize your ARV and calculate the repair costs using either a reliable estimator or insights from contractors.
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28 December 2024 | 8 replies
Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.The City of Detroit has 183 Neighborhoods we’ve analyzed.DM us if you’d like to discuss this logical approach in greater detail!
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29 December 2024 | 16 replies
The software doesn't provide that level of granular detail that can mean the difference between 2k and 3k a month.
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15 December 2024 | 25 replies
Quote from @Moshe Mindick: It’s nice to get the BS, PL, and detailed GL in excel.
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24 December 2024 | 10 replies
Still gathering additional details, but looking to have it under contract within the month.
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25 December 2024 | 4 replies
Can you go into detail about you ideas with creative financing or a partial refi?
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3 January 2025 | 45 replies
Would love to chat and discuss in detail.
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24 December 2024 | 4 replies
Those details can ensure your projected $25K profit stays on track.