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27 November 2024 | 3 replies
Look for one that includes a training video to ensure you understand how to best use it.
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28 November 2024 | 4 replies
The property is a duplex with an ARV (after repair value) of $700,000, making it a strong deal.However, I want to ensure I’m not overlooking any potential red flags.
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3 December 2024 | 26 replies
The time it takes for the draws from tenants and then the ACH transfer to you leaves you getting pain on the 7th or 8th of the month, the $1 ACH transfer fee is an annoyance that has drawn some complaints that are as petty as the fee feels, the new tenant application features are sub-par, and I'm not sure how well it properly informs tenants of the additional charge for credit cards as I got panicked texts about the added fee from a tenant already going through some hardship.
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25 November 2024 | 8 replies
This significantly lowers the cost per door and improves your return on investment.Scalability: A three-story walk-up design allows you to maximize your build cost and land use, just like most professional apartment developers do.Control with New Construction: Starting with a new build ensures fewer risks, as you’ll have control over the property’s condition and avoid surprises from existing structures.Pro Tip: If you do go with an existing property, make sure to thoroughly vet the deal to avoid hidden costs and issues.For first-time investors, multifamily new construction is often the best way to scale quickly, reduce costs per unit, and build a sustainable rental portfolio.
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30 November 2024 | 16 replies
Some BRRRR Nuances:Rehab Budget: Ensure that bids are received from multiple contractors and that adequate reserves are made for cost overruns.
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25 November 2024 | 19 replies
Have a conversation with your property management company well in advance of any transition to ensure you are fully aware of all terms and conditions.
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26 November 2024 | 2 replies
Working with vetted, trustworthy borrowers and maintaining a robust vetting process will help ensure your capital works as hard as you do!
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27 November 2024 | 5 replies
I'm a project manager by career, so I know with proper preparation, anything can be successful.
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26 November 2024 | 1 reply
Trying to figure out the proper, best, and alternative routes to making meaningful relationships and wondering what the most effective means is to developing leads that may come along in the probate process.
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28 November 2024 | 4 replies
Working with someone with proper knowledge about the market you're looking in is imperative for this.