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30 July 2024 | 16 replies
All the successful investors on BP (myself included) have teams doing work for them to find, acquire & manage properties.
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30 July 2024 | 0 replies
Acquired for $154,000 and resold for $185,000 on the same day, the deal offered excellent profit margins with minimal holding time.
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30 July 2024 | 0 replies
Acquired for $155,000 and resold for $250,000 the same day, the deal offered excellent profit margins.
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1 August 2024 | 71 replies
If Jesus came back and got into rentals NO, N-O-B-O-D-Y get's admin access into our system. 2) They want a standardized list for maintenance items so they know in advance what repairs would cost.Being a PMc I'd invite them to acquire any of the readily available construction estimating tools/software out there such as RSMeans, but would not take on such a task as building and maintaining such a database, honestly for any $, it's simply not what we do. 3) They want a copy of all invoices from contractors to us so they can verify we are not marking up more than promised.A-ok. 4) They want to be able to talk to our contractors before work is done (each time) so they can talk contractors down in price themselves.I'd be fine with this as long as they sign a waiver that they own any/all negative impacts that result from such including extended vacancy periods, vendor refusals of service necessitating there own self-search to secure amicable vendor etc etc.. 5) They mentioned that they pay around $300 for full paint in a 2-bedroom unit.... we do not have a contractor that will touch a full paint on a 2 bedroom for $300LMAO!
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30 July 2024 | 4 replies
I acquired a multi family a couple of years ago in Brooklyn, NYC.
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30 July 2024 | 0 replies
The property was acquired for $120,000, with a resale potential of $210,000 after minor updates.
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29 July 2024 | 13 replies
I have an investment property in an LLC acquired through a 1031 exchange.
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1 August 2024 | 42 replies
They started off in the one-off single family home modular designs but in the recent years have acquired facilities across the US to really ramp up supply to meet the demand of the market especially here in LA for developers looking to big large affordable multifamily housing.
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29 July 2024 | 7 replies
Recently acquired a single family property through a death in the family. 2000sqft property needs a full gut and plans to turn into a 2 family.
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29 July 2024 | 6 replies
Why would equity be important when acquiring a house via subject-to?