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23 August 2024 | 2 replies
This could be an individual person willing to give you money, or a private bank, or an organization or business of some sort.The long answer is much longer and if you're interested in diving into the topic here's a few resources I can recommend:These are two great books (also available as audio books and e-books) that go over the fundamentals of what private lending are, what it means to raise capital, how to find deals to buy with private capital, and a lot more.
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26 August 2024 | 14 replies
My higher quality property Class A is doing well but the lower quality ones, Class C are not.
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25 August 2024 | 30 replies
What you pay with labor will depend on if for instance one of my units still has a good pad and tack and strip then I just pay for carpet and installation cost.What you will pay will also depend on how much you are installing at one time.I don't like Berber for rentals.The design of the loop once it starts unraveling it can unwind pretty good an dis harder to get certain stains and pet stuff out of it.With carpet you want a Nylon carpet even if the cheaper version.Some carpet guys will try to sell you the rubber composite carpet stuff which is the really cheap stuff so it will stand up to tenant abuse.The problem is it can only be cleaned usually up to one time and then you need to replace it again.So I would rather get a cheaper nylon that can be re-cleaned many times over after installation for an additional .10 to .15 a sq ft extra than the super cheap stuff I will have to replace again.If you get 1 sq ft for carpet,pad,tack and strip,and labor install and it is Nylon you are getting one heck of a deal.Even at a carpet place usually you are at .40 to .50 for the pad and .50 to .60 for a cheap carpet.Then you have to do material to install and labor.I have seen sometimes if you have to do a small area you can pick up quality remnant pieces for real cheap and hit that type of number or buy in bulk.
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28 August 2024 | 74 replies
I can ship to FL.For those just getting started some great entry level bottles that won't break the bank are Elijah Craig, 1792 Small Batch, Old Grand Dad 114, and Eagle Rare (if you can find it).Important thing to remember is that bourbon and whiskey is a lot like art - there are definitely some underlying qualities that make it "good" or "bad" but for the most part the flavors and proof combination is somewhat subjective.
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25 August 2024 | 4 replies
I'd suggest you start asking other investors in your market for general contractor referrals- people who do quality and reasonable work on rental properties in your market.
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25 August 2024 | 30 replies
Lots of lofts and apartment complexes with quality tenants.
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25 August 2024 | 4 replies
You can bet they do quality work or these huge companies would not be hiring them.
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27 August 2024 | 21 replies
For me I would rather have fewer high quality properties (Class A and B) than more less expensive properties (Class C).
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26 August 2024 | 14 replies
Just be sure to do your best to compare apples-to-apples, not just with beds/baths/sq ft, but also quality of finishes.Then present this info to the tenant and ask them what they think a fair increase is.Strategy is to show them they can't find anything else at the rate they are paying.Of course, at least 25% of the time they will claim they can't afford any increase.
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24 August 2024 | 9 replies
It is easy to find your comps there for quality and pricing.Until an agreement is signed, communication is solely through FF.