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29 September 2021 | 0 replies
Using established value of made up property from a CAP rate of 6% say $1 million dollars.If hard costs are $500k and soft costs are $100k$1 million minus $500k minus $100k would give us a property worth of $400k.
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1 October 2021 | 6 replies
Beside the obvious items, k-cups, TP, paper towels...what else are considered supplies?)
2 October 2021 | 2 replies
Not sure what lenders you are using, but some lenders do soft inquiries for repeat customers.
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9 October 2021 | 10 replies
The area has good schools and few apartments so it only took me 8 days to rent out 2 houses to well qualified tenants.
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27 October 2021 | 7 replies
They tracked debris in everywhere, carpet cleaning had to be done twiceDidn't take showers before going to bed, so all the sheets were ruinedRuined the towels when they did take showers as they werefull of construction crapLeft garbage piled up inside instead of putting it in the exterior trashbinsOverall, we still made some money, but have turned down all construction crews since.IF you were going to pursue your strategy, suggest you rent out by bed (not room) and supply some hygiene basics.
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10 October 2021 | 6 replies
there really are no magic tips. the only thing you can do is (yes the love letter) and try to clean up the terms - short inspection and loan contingencies. have strong relationship with their lender and see if the lender would be willing, if necessary to talk with the listing agent to address any concerns the listing agent has regarding financing.i have a new listing that needed some sprucing - i went to target and bought some things (which I will return) to tart up the bathrooms, kitchen and living room - plants, kitchen stuff, towels, pillows for the couch, etc...
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6 October 2021 | 9 replies
Let's be honest: most of these stuff are needed in every household and I am pretty sure that some of my cleaners occasionally used some items purchased for the properties (I used to have a 3be/2ba house to consume 12 rolls of paper towels within 5 days).
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6 February 2022 | 19 replies
That sounds like quite an undertaking and strokes of good luck and bad, along with tough circumstances that you adapted to. Well
7 October 2021 | 9 replies
Time to research who he used for title, type of entity, who is his CPA, look for a soft introduction.
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15 October 2021 | 20 replies
Likely though you will need to professionally clean any soft surfaces such as carpet, draperies, or furniture.