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9 January 2025 | 21 replies
Do that enough times and you'll eventually find a deal you can afford.
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14 February 2025 | 9 replies
If the court does not approve the sale the redemption rights are moot and the buyer of the rights wasted their time and money.Highly unlikely that the investor who bought the rights wants the house...
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26 February 2025 | 0 replies
I haven't bought a deal or anything I'm still saving up, I'm at 25k I'll hopefully be ready to buy in the next three years, otherwise the city I'm buying in is Barrie which is generally a great appreciation market, I've got two brothers Chris owns two rental properties and Ryan just bought his first partnering up with my brother chrises second deal, so I might partner up for my first deal I don't know yet tho depends on what my brothers want to do.when shopping properties I do remember from the book you shouldn't buy properties based off cap rates but im wondering at the beginning do you first skim this information say the property is listed at a 6% cap rates which is common in the Barrie market would I then would go walk the property and see if things are viably ok, once I believe it's resdy for a professional inspection I'll get information about deferred maintenances mainly capex based off what I need to repier I'll be walking the property with the professional and I guess he'll give me a rough cost of How much everything that is needed and when I need to get the work done due dates, also I don't know how to calculate how much I should set aside in monthly terms after I get the required information from the inspector I'll be doing this for the first time, if the pure cash flow is incheck I believe usually NOI is usually around 60% including appreciation and mortgage income andone going deferred maintenances around 35-40%, now I'm ready to make an offer?
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18 February 2025 | 1 reply
A lot of times you cannot view the property.
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17 February 2025 | 2 replies
I’m an 11 year contractor turned full time REI.
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19 February 2025 | 7 replies
I think it's Vegas doing poorly, which is just an indicator of the economy and times.
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14 February 2025 | 6 replies
For the longest time, I almost always bought locally.
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24 February 2025 | 2 replies
If it's a lot of paint, I would rent a drum sander and run over the spots a few times.
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25 February 2025 | 23 replies
And did you have any time budget overruns, permits taking longer than you expected, or material shortages, contractors not showing up on time- things like that?
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16 January 2025 | 23 replies
I use a loan servicer who processes the borrowers payment and then sends to me.