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22 August 2024 | 10 replies
The development has emphasized aesthetic appeal, creating 2 acres of park space with benches, using top-of-the-line finishes for the building, maximizing the preservation of trees on the North end, and improving the roadway of Franconia-Springfield Parkway and Beulah Street.
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20 August 2024 | 1 reply
Hostile HOAAnd of course financing.. what if you need off site improvements how are you going to pay those is the local jurisdiction going to help or you have to pay it.. or can you do an improvement district with some sort of bond act.
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22 August 2024 | 29 replies
This way they have a good cashflow, a lot of credit for capital gain due to capital improvement and a forced appreciation of your asset.
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21 August 2024 | 9 replies
Property is currently worth $425k before the land improvements and development of $365k being added. $790k turning into a multimillion property seems like it's too good to be true.
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20 August 2024 | 12 replies
It varies by situation, but a couple decent benchmarks are if it improves your rate by 1% or more, or you recover the refi costs in two years or less.
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21 August 2024 | 3 replies
Capital Expenditures (10-15% of Income)Rule of Thumb: Reserve 10-15% of your income for capital expenditures (CapEx) like roof replacement, HVAC systems, or major renovations.Why: Regularly contributing to a CapEx fund ensures you have the cash on hand for significant improvements or replacements, preserving the value of your properties.5.
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21 August 2024 | 6 replies
After a month or so of getting the house ready, I've fallen in love with improving the home and managing everything the property needs.This leads to the main purpose of this post.
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20 August 2024 | 3 replies
As for the HELOC, the more I research the more it matches your comment regarding using it for home improvements / flips so I may sit on that for a little bit until I educate myself further on those topics.As for raising capital, I have read the private lenders are a popular way and hard money loans which I do not fully understand yet.
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20 August 2024 | 3 replies
Successfully turned 80% of rent roll from $650 rents to $1150 and drastically improved the NOI.
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23 August 2024 | 29 replies
Target areas with companies aggressively hiring college graduates, your rental pool will improve.