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22 October 2024 | 4 replies
For example, on what I thought was a relatively simple project in a bathroom reno which was fully gutted down to the studs already, I had more than one quote for over $7k to run pex supply lines and rough in a shower drain and toilet drain off of an existing main stack, all of which ended up costing me about $200 in pex lines, PVC fittings, and sawzall blades.If you need any hardwood flooring repaired, patched, or refinished, you can't beat Dave's Hardwood Flooring out of Blaine - $3k spent with them fully brought one of my duplex unit's original 100+ year old maple floors back to life.If you're putting in any stone counters in your kitchens or for bathroom vanities, Twin City Discount Granite have been awesome to work with, and consistently have the best pricing I've found in the area on fully installed granite and quartz.I also have a great drywall guy, as well as a really good carpet install guy - feel free to DM me if you want either of their contact info!
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23 October 2024 | 9 replies
Would you stick with the bank (have kept the communication going with my contact on what i'm working on, high level is 25% in, 9% rate amoritzed 15 currently but I think they would do 20 and also includes construction phase but not sure yet on when it would switch to p&i) and go that route or would bringing in a cash partner (friend/family, have multiple people interested) be something to consider?
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22 October 2024 | 11 replies
Figure out where your strengths lie and focus on that.After doing this for two decades, the biggest takeaway is to stay consistent, build relationships, and always be prepared to pivot.
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21 October 2024 | 12 replies
What will this generational wealth consist of?
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21 October 2024 | 11 replies
The sponsor is the one driving the ship, the one making decisions, the one who has to communicate, the one who is the bearer of good and bad news!
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22 October 2024 | 8 replies
If you consistently analyze properties, recognizing a good deal will be much easier when it shows up.
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22 October 2024 | 1 reply
During the process, the communication and execution was spot on.We opted for realtor #3 would be happy to give their recommendation if you are selling in the Portland area.Contractors: Found our contractor from an old contact referral.
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22 October 2024 | 7 replies
AI-powered platforms can be a useful tool to manage the routine tasks of a landlord such as collecting rent, tenant screening, maintenance requests and tenant communications.
21 October 2024 | 2 replies
The amount can vary, but it's typically subject to the lender's guidelines.Remember, communication is key.
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21 October 2024 | 5 replies
However, I am in constant communication with banks and in this environment I more often hear banks take the position of we want to see a depository relationship of XYZ percent of the loan amount in order for us to lend you real estate funds rather than take the position of offering better terms than other borrowers because of your depository relationship.