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17 November 2024 | 2 replies
Many investors hesitate to start their next fix-and-flip project due to barriers like limited funding, uncertainty in market conditions, lack of experience in estimating renovation costs, or fear of unexpected delays and expenses.
19 November 2024 | 15 replies
It's always best to handle mold issues quickly and completely before the tenant gets the chance to claim you're killing them.
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19 November 2024 | 26 replies
If so, there may still be a chance to include them in the appraisal report.• Sales Recency: Did any of the comparable sales close more than three months ago?
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9 November 2024 | 8 replies
I have the chance to do this right with an investment mindset.
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16 November 2024 | 2 replies
Chances are you may show a negative cash flow which is throwing you off.
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20 November 2024 | 37 replies
Much more negative when including realistic expense estimates (maintenance/cap ex, vacancy, PM, misc).
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20 November 2024 | 14 replies
If you have more passive losses than your gain is estimated to be, you would have net taxable loss to recognize.If you want to sell and not pay tax, I would definitely look into 1031 exchange.
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18 November 2024 | 13 replies
If there are damages, chances are you will never see the money to fix them.
19 November 2024 | 28 replies
I'm originally from Western PA as well (Slippery Rock) and now reside in Atlanta.Here is how I am looking at it along with the assumptions I am making:1) I think the growth prospects are better in the Atlanta market than Pittsburgh from a pure demographics standpoint.2) I estimate your return on equity at 7.2% currently3) Over the long haul appreciation is going to take you further when it comes to net worth than cashflow will4) Doubling of the roofs is doubling the expensesThings to consider:1) What is the year built of your Atlanta property vs. what you could replace it with in PGH?
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19 November 2024 | 24 replies
All I can say is I’ve seen it time and time again, accuracy in your estimates, detail in your work, and anticipating future costs/market changes and building contingencies in your budgets may cost you some deals but will save your investments.