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31 December 2024 | 9 replies
One buddy of mine split his time between local flips in Greensboro and buy-and-hold single-families in Memphis.
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6 January 2025 | 14 replies
People realize they are not going to get 1/3 of value whether it takes a month or a year because of holding and closing costs.
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25 December 2024 | 0 replies
Investment Info:Single-family residence buy & hold investment.
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26 December 2024 | 18 replies
What started as a promising BRRRR ended with us making the tough decision to sell at a loss after an unexpected disaster.The Numbers:Sold for: +$230KPurchase Price: $115KClosing Costs: $3KRehab Costs: $105K ($49K original rehab, $56K additional repairs due to the car crash)Holding Costs: $31K (12 months)Selling Costs: $16KInsurance Claim Recovery: +$25KNet Income: - $16KWhat Happened:This was supposed to be a BRRRR.
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25 December 2024 | 0 replies
Investment Info:Single-family residence buy & hold investment.
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27 December 2024 | 4 replies
@Dennis Bragg I especially agree with you that "thinking about older buildings.. some folks underestimate how well older properties can hold up".
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16 January 2025 | 40 replies
What we did was open a holding company, and the LLC that owns the RE and management company under that.
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3 January 2025 | 18 replies
You can probably hold out for the right renter but you might be waiting a couple months.
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26 December 2024 | 0 replies
Investment Info:Single-family residence buy & hold investment.
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6 January 2025 | 31 replies
Does the same metric hold true for laundromats?