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2 December 2024 | 11 replies
If I did my math correctly, on a 3,600 SF triplex where you buy the land for $150k, you generate a gross profit of about $84k (based on a $140/sf build cost and sale price of $205/sf), before you pay interest on any borrowed funds or closing/commission costs.
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6 December 2024 | 8 replies
In one deal referenced the poster highlights a major potential conflict of interest as Capella supposedly used an appraisal generated by the borrowers without disclosing this to investors, who later invested $3.9M to finish a luxury home Capella claimed was 80% complete.
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4 December 2024 | 5 replies
Our best use for the property would be to build a couple of large estate home (8k sq' and up) and form a private estate, but, being that we are in the County with no existing zoning requirements, we could also build what we want and potentially turn it into an income generating property.
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3 December 2024 | 5 replies
Owner-occupying a small multi-family property is a smart move—you're reducing your own housing costs while building equity and generating rental income.
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1 December 2024 | 68 replies
Which leads to other posters to offer no sympathy for those investors and then the name calling started.
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4 December 2024 | 0 replies
If investors attempt to streamline their services, it can lead to a more organized approach to property management, lowers the risk of gaps in insurance coverage or missed tax benefits as well as simplifies communication and reduces confusion.
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4 December 2024 | 4 replies
SEO optimization with targeted keywords can significantly boost visibility across these platforms.Strong photos and virtual tours tend to convert leads more effectively - tools like Asteroom or Sphere.app let you create these yourself.
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4 December 2024 | 5 replies
Relationships often lead to off-market deals and valuable partnerships.Consider targeting up-and-coming neighborhoods or distressed properties in areas seeing new development or infrastructure improvements.If you’re exploring commercial, maybe start with small multifamily units (like duplexes or fourplexes) before diving into larger complexes.I’d love to connect and possibly collaborate.
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11 December 2024 | 29 replies
Check the section 8 checklist and be sure you will pass (do you have a lead cert if you need one, do all your bedrooms count as bedrooms, anything weird about the house that won't pass inspection?
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5 December 2024 | 2 replies
Expect to spend a considerable amount of your time speaking to people.Expect to work dozens of hours/week with little to no immediate result.Expect most of your early interest from potential clients to come from your sphere of influence.Expect to go 3-6 months without getting paid (unless you do rentals which usually pay faster)Expect to be bombarded with distractions - mainly, people/companies marketing to you so that you choose their system for quick and easy buyer or seller leads.