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14 October 2018 | 11 replies
Familiarity with the process, vendors and their functions, documents, local laws and REI terms by going through the process would be beneficial.
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16 October 2018 | 12 replies
You might benefit more from looking at the experiences and investing habits of high function professionals like medical professionals, professional athletes and successful business folk in other time demanding fields.
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23 October 2018 | 3 replies
Two things to help you find more people:1) Use the search function on BP and read through old threads.
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18 October 2018 | 18 replies
Paint rest of balcony trim what ever shade of white you use around windows and doors. bronze balusters (or more expensive cable) would make it look visually way less busyl2.
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15 October 2018 | 5 replies
I would say do some sort of Break-Even analysis so you can visually see what it takes, how long it will take, and what is required for you to not only replace the lost income and benefits but surpass that level.
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16 October 2018 | 11 replies
It's all a function of the value-add. 6 Cap is not a cash flow proposition on the surface unless you can get it up to 8 or 9.
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17 October 2018 | 12 replies
Know your comps and visit them to not only ask what they charge but also to get a feel for the quality of the units, renovation level, curb appeal, functional obsolescence, etc.
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18 October 2018 | 2 replies
BiggerPockets has calculators that you can use to input the project financials and create a one-page PDF report to market your properties to potential investors.There are other paid services that provide similar functionality, but it's hard to say without knowing your investment strategy...
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29 October 2018 | 3 replies
I keep hearing bits and pieces about a rental strategy that is best called "Renting to the Disabled by the Room for Above Market Rent" that goes something like this: (1) Buy a house with as many legal bedrooms as you can that still has a decent sized common area, (2) rent it out to the relatively high functioning disabled crowd, (3) via some [unnamed] Government program the State pays above market rents for each of the tenets. (4) Send a house keeper 1-2 times per week to ensure the place stays clean and otherwise make sure there are no issues.The up side is: you get above market rent with a much higher than average tenant count.
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21 October 2018 | 2 replies
I talked to a couple inspectors to educate myself and they both told me that if there were any areas on the exterior that they couldn't access and they visually observed peeling paint they would have to flag it.