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28 August 2024 | 10 replies
The cost of adding a bathroom typically ranges from $25,000 to $60,000 for a full bath, or $6,000 to $12,000 for a half bath.
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27 August 2024 | 6 replies
Seems perhaps a little low -only say this because my 4bed in Arvada CO is about $290/mo and with the Boulder/Louisville fires a few years ago a lot of insurance has gone up like crazy in the front range.
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26 August 2024 | 3 replies
I am interested in getting a better understanding of the Oklahoma wholesaling market, specifically the different neighborhoods/area, neighborhood pros/highlights/potential and cons, average/range of price point.
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28 August 2024 | 10 replies
Triad consists of 3 cities Greensboro, High Point, and Winston-Salem.This area has seen tremendous growth in the past few years and I can see a lot of out-of-state investors investing in this area.Here you can still get a nice 3 bed/2 bath new construction or SFH built after 2020 for the 270-300k range and expect to get it rented for LTR for at least 1800-2300/m.
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27 August 2024 | 2 replies
Hi @Rhea Jeong,The situation you're describing is actually pretty common, especially for first-time investors looking to maximize their purchasing power.You’re correct that some lenders will consider a portion of the rental income when determining how much you can borrow, typically in the 75-80% range especially for FHA loans.
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27 August 2024 | 12 replies
While most private lenders typically have seasoning requirements ranging from 6 months to a year for refinancing, even with a DSCR loan, there are some lenders who don’t have any seasoning requirements at all.It’s definitely worth exploring your options if you’re looking to access your cash sooner.
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28 August 2024 | 32 replies
I have seen areas like Cleveland and Dayton with COC ranging from 10-18% and Columbus is around 8-12% with strong growth.
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26 August 2024 | 44 replies
Upon receipt of these complaints I'll personally check the temp splits ("delta T") in several rooms to confirm they are still within the acceptable range.
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28 August 2024 | 39 replies
North Carolina has been on my list of states I’d love to invest in, but the only real area we’ve been able to find something within our range has been the Winston-Salem area, but we don’t know enough about it to figure out how successful we could be with rentals there.
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26 August 2024 | 8 replies
We are open to using wholesalers and are looking to get plugged in to a wholesaler, realtors in the area, etc.We've been eyeing SFR ~3/2 in the <$250k range.