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3 October 2024 | 14 replies
See if you can get a copy of The Millionnaire Real Estate Investor by Keller.The Slight Edge and Atomic Habits too.Awesome board with many smart people having own suggestions and ideas to grow wealth!!
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2 October 2024 | 7 replies
None of these things made me a better investor, or I should say gave me an edge that I could not have gotten otherwise.Buying a house and renting it out is not rocket science, despite what some gurus will tray to make you think.
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4 October 2024 | 2 replies
The only time we ever have a leverage cut is if the appraisal comes back rural, market rent is significantly less, or the credit score dropped under 700.
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1 October 2024 | 3 replies
That’s awesome you're getting your real estate license—it’s a solid move that’ll give you an edge in investing for sure.
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3 October 2024 | 4 replies
Turns out, during construction, one of our vendors flushed something down the toilet, causing a clog, which led to the system overflowing and flooding the home.We ended up having to cut and replace drywall in multiple rooms and swap out the wet carpet, which will cost us around $10K.Mishaps like this will happen in Real Estate.
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7 October 2024 | 20 replies
I can only assume that it is because the situation was so clear cut that they were a REP (IE full time development), the audits were focused around other issues.
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2 October 2024 | 10 replies
I have a duplex where the plumbing was getting backed up.Had a plumber go out there and put a camera in the lines and turns out there are roots growing into the plumbing from a nearby tree.The quote to rip out and replace the plumbing was a staggering number.My thought is to cut down the tree to stop the growing and then eventually put the liner in the plumbing.Any experience with this?
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4 October 2024 | 8 replies
Hey Brian, you're not cash flowing, but you've significantly cut your living expenses!
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1 October 2024 | 0 replies
I've been approached by a couple of sober living facilities and would perhaps prefer an independent living provider if possible (with 4 units in Cape Coral it's categorized as commercial so all ADA requirements, fire safety, etc. have been provided).
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4 October 2024 | 27 replies
Quite a steal and they get snatched up pretty quickly but if you crunch the numbers, even with the high interest rate you get pretty close to cutting even on your rent (after you allocate X amount to unforeseen property costs)