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5 March 2024 | 28 replies
A typical small multifamily deal for us is to acquire a shell between $100K to $300K- (2 to 4 unit); Spend $200K to $300K to renovate- then rent each unit between $2000-3500 per month. i encourage investments outside of the major metropolitan areas but was advising this first-time investor to not forget the bottom line ROI.
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5 March 2024 | 11 replies
It almost certainly will.I'd encourage you to focus on more than just cash flow, because you most certainly have the income to "float" the difference until it does cashflow better!
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2 March 2024 | 6 replies
Thanks for the advice guys, deal evaporated like so many others.
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2 March 2024 | 9 replies
We currently practice the BRRRR strategy.There is much to learn, especially when just getting started and I would encourage you to invest some time in your education.I've found Audible Audiobooks are a great resource to learn from.
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3 March 2024 | 3 replies
Put up a for sale sign so they're enticed/nervous/encouraged to purchase?
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2 March 2024 | 9 replies
@Caleb Ripley we encourage you to check out the Detroit market!
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1 March 2024 | 0 replies
I'm all about the hands-on approach, teaching people how to recognize those golden investment possibilities and even encouraging them to join me in real transactions.
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1 March 2024 | 4 replies
Are they providing a fair service, or do they encourage boosting claims in ways that may inflate the payout beyond what the insured would normally pay (+ the 35% Metro PA would want in markup for their slice)?
1 March 2024 | 9 replies
I have been strongly encouraged to invest in here.
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1 March 2024 | 1 reply
I'd encourage you to reconsider.Having said that, if I were in your shoes and made up my mind to exit the property, here are the ways I would tackle it in order of preference:1.