8 February 2025 | 89 replies
Further, there’s no reason to attack someone who points out that you’ve provided no proof of whatever point you’re making.
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3 February 2025 | 1 reply
Any tips on balancing renovation costs with tenant expectations when preparing a property for midterm stays?
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6 February 2025 | 18 replies
@Ben Syzek with $50k, you're probably looking at a property with a total cost (purchase price + reno) around $250k.
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4 February 2025 | 11 replies
The reason I recommend this is because as a short-term solution incase you cannot go full DSCR right out of the gate.
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20 February 2025 | 22 replies
U have a lot of fake lenders use Vegas address's for some reason.
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4 February 2025 | 10 replies
If they know you, have spoken to you many times, and you have always been friendly with them, just explain your points, that there is no legal reason to deny your plans, and ask them what you can do to help get it approved.
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14 February 2025 | 17 replies
The key is making sure the deal’s numbers work, your profit should justify the higher cost of capital.
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29 January 2025 | 2 replies
You can also assess a dollar amount that you value the cost of these requests to be, and ask for these as a discount from the purchase price or a concession to you for closing costs.
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4 February 2025 | 1 reply
Creative Freedom: You get to design and transform spaces, which can be personally fulfilling.The Bad: Where Flippers Lose Money⚠️ Underestimating Repair Costs: Surprise structural issues, contractor delays, and material price spikes can kill your budget.⚠️ Market Changes: A hot market today might cool down before you sell, which reduces the profit.⚠️ Financing Challenges: Hard money loans carry high interest rates that nibble into the bottom line.Unrealistic timelines: If you think you're going to be in and out in 60 days, you're sadly mistaken-most flips take longer than expected.Real Talk: Is Fix and Flip Still Worth It?
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12 February 2025 | 20 replies
You have to include the cost of your time and the work, especially on a "scary house" is daunting indeed.