6 November 2024 | 19 replies
Find properties that are not listed on the MLS for the world to see, get them under contract, then assign the contract to an investor for a markup (but a list price that makes sense with the amount of repairs needed).This is not an easy job.
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3 November 2024 | 10 replies
Purchased for $290,000, put 25% and put $20,000 in repairs.
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5 November 2024 | 9 replies
Make sure to budget for any repairs that might be needed.
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4 November 2024 | 4 replies
Have the tenant sign a Lease Amendment indicating that the tenant is responsible for the cost of installation of the charger, any maint and repairs, and also removal cost (if desired later by you or the HOA).
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5 November 2024 | 5 replies
Co-hosting could be locally based i.e. delivering towels, doing inspections, managing repairs and maintenance etc, or could be virtual tasks like communicating with guests and coordinating things virtually.
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4 November 2024 | 6 replies
Someone other than her would rent $1650+ pre-renovation and after repairs monthly rental yield would be $2100+, 3.
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2 November 2024 | 4 replies
This is why most wholesalers are terrible because their numbers are never even close on the repair costs.
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5 November 2024 | 4 replies
(Some of us have more than one...)So here you are.Your first step should be to get the facts and then reassess your options.You'll need realistic and accurate estimates of your ARV, your remaining repair expense, market rent, and total projected holding costs.If you run your numbers and you can still make this work as a rental, then great!
3 November 2024 | 0 replies
I faced challenges with unexpected repairs during renovations, but having a contingency budget helped mitigate these issues.
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5 November 2024 | 28 replies
Also, be cautious of overestimating rental income or underestimating repair costs.