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22 July 2024 | 18 replies
Giving more work for everyone.At the moment, I don't want to make another offer on the property, looks like the sellers won't negotiate on anything including the roof that needs to be changed.
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24 July 2024 | 22 replies
Our appreciation has been through the roof and is much easier to come by especially with some value add instead of just having passive appreciation.
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22 July 2024 | 2 replies
(Roof, box gutter repair, outdoor concrete stairs/walkway replacement, HVAC replacement).
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26 July 2024 | 75 replies
For example, a normal residential loan would expect a roof, functioning utilities, etc.
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23 July 2024 | 13 replies
Less risky, because it's still a roof over your head and you can see what performs the best.Good luck with everything!
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23 July 2024 | 8 replies
the challenges with flips is that there are so many angles to try and cover / consider that it is somewhat like spokes on a wheel… even if you just take it system by system… roof, plumbing, AC, foundation, subfloors, electrical, appliances, septic, materials expenses, holding costs, taxes, etc.
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22 July 2024 | 10 replies
The major factors like the roof, furnace, plumbing, electrical upgrades, and foundation repairs are all examples of costly expenses you'll want to inspect before closing the deal.
26 July 2024 | 49 replies
Additionally, if their capex budget was only forecast for 5 yr hold, and they are now anticipating 10 yrs, they may be seeing roofs, exterior repaints, other exterior repairs (stairways, railings, parking lots) that they assumed they wouldn't need to address, but now need to.Things to look for: positive DSCR TODAY, not on pro forma numbers.
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19 July 2024 | 8 replies
@Jaekwan LeeA house hacking inspection checks for structural integrity, roof condition, plumbing, electrical issues, HVAC systems, windows, insulation, base and attic damage, unit conditions, and code compliance.
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19 July 2024 | 6 replies
We had already done exterior repairs to the house including a roof, and an AC.