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14 January 2025 | 19 replies
There is always SOME manual work, but you can cut out a lot of the back and forth-- definitley.
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19 February 2025 | 32 replies
Here are my two cents...I recommend starting in a market with strong fundamentals, such as steady population growth, an influx of major corporations or large businesses relocating to the area, an affordable cost of living, and high rental demand.
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26 January 2025 | 4 replies
Also you should inquire with insurance agents about the cost to insure.
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2 February 2025 | 5 replies
I feel like there's still people trying to make BRRRR deals work close to the city and the truth is it's nearly impossible given prices, rates, and the cost of construction.
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18 January 2025 | 8 replies
The truth is, they will keep playing games and milk you for every penny they can, then they will leave the house a mess and cost more with cleaning, repairs, and vacancy.
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3 February 2025 | 11 replies
Also factor in if the rents jumped a lot and if that would lead to a vacancy, which will cost you more in the short term.
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4 February 2025 | 7 replies
Unless it is a new build, and it comes with purchase warranties are an extra cost and may or may not even be executed when needed depending on the circumstances.
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14 February 2025 | 15 replies
I paid it off within the year, so it cost me no interest.
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30 January 2025 | 10 replies
I have found that they worked really well when it comes to getting better tenants and better rents, and having less hassle, less headaches, and then getting a higher sales price; without paying closing costs or realtor fees.
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31 January 2025 | 4 replies
Typically starting with a smaller rehab budget of $50K or less (maybe a max of $75K) and avoiding a 1 to 1(or higher) ratio of purchase to rehab costs is recommend when you are first starting out.