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29 January 2025 | 10 replies
Even trusting a brand new GC who's licensed/"qualified" is a risk from out of state, let alone out of country.
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27 January 2025 | 2 replies
I've even seen agents that will finance repairs with a lien to maximize sales price for their seller.Who you work with matters and will mean the difference between a quality BRRR that cashflows or a property that doesn't work.I love to talk real estate.
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22 January 2025 | 0 replies
However, even though every house, market, and buyer may be different, these few design elements work literally anywhere.If you have double sinks, use double mirrors and a vanity light above each mirror!
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25 January 2025 | 18 replies
Even I can do it, and I am generally the most unhandy person on the planet!
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31 January 2025 | 22 replies
I also assume you do not have ample cash, so reserves would be even tighter and you'll be bleeding monthly on it cash flow wise.
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28 January 2025 | 10 replies
Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.
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31 January 2025 | 17 replies
Some investors also use a business line of credit backed by their cash flow, which can help with future deals.If you’re planning to scale, maybe start stacking that cash for the next property or even park some in T-bills for short-term returns.
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20 January 2025 | 7 replies
There are markets today, even with high rates, that are cash flow positive and do have great appreciation.
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29 January 2025 | 11 replies
Wow, you're not even in the areas impacted by the fire and yet, VRBO has contacted you with (it would appear) a severe misunderstanding of your pricing.
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4 February 2025 | 24 replies
If you don't understand the basic principles of construction, market standards (i.e. average cost per labor hour, cost per sqft for flooring, cost per sqft for hang/finish drywall) then you may find yourself getting taken advantage of without even knowing it.