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9 December 2024 | 1 reply
Architecture did a design and well respected contractor estimated the buildout of 4 plex would be an additional ~800k for total project cost of ~1M. it would be ~1.2M for the 7 plex.
10 December 2024 | 13 replies
Interesting addition when you suggest that builders are the only ones to reap any profits.
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9 December 2024 | 23 replies
I was told I can pay $3k to remove the part of the tree that's hanging over the garage (in addition to the $3k deductible I'm already paying) or I can take the next door neighbor to civil court because the tree over the garage is actually dangerous to the tenant who lives there.
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7 December 2024 | 6 replies
The Plus subscription would allow you to keep track of each property/project and produce reports for them individually in addition to keeping track of the entire business as a whole.
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10 December 2024 | 6 replies
A heloc can "never" be used as an "Asset" or Liquid reserve both required when you purchase additional rental properties.
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5 December 2024 | 34 replies
BUT for certain rural areas it's worth it's weight in gold because of the reliability factor vs an unreliable or expensive existing utility structure.
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30 December 2024 | 89 replies
Are you aware that a percentage of rent on additional units of MF can be used as income to qualify for the loan?
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10 December 2024 | 17 replies
Additionally, I normally build in at least 7% of the purchase price going towards transaction costs when selling a property.
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12 December 2024 | 19 replies
Luckily, we were able to fix the problem by adding an additional clean-out closer to the street, at the front of the property, and clearing out the roots in the pipes.
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8 December 2024 | 19 replies
Luckily this was a super cheap property so I could afford the additional down payment.