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6 December 2024 | 34 replies
we are using REsimpli for our CRM and they can pull data etc. its pretty much a one stop shop for running an investment firm/renovating/wholesaling.
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9 December 2024 | 8 replies
Based on the local market, $15k for renovations seems light—have you had contractors confirm this budget?
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5 December 2024 | 31 replies
It might take a couple of years for you to really be in a place to go on your own, but a mentorship, internship, or even just getting hired at a larger flipping company would be a huge value to you just getting into this all!
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10 December 2024 | 8 replies
Two reasons could be renovations or the need to personally occupy the unit.
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11 December 2024 | 8 replies
I thought it best to build these relationships early with smaller deals and scale up rather than come out of nowhere with a larger request later (after using solely personal capital on dealflow).
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11 December 2024 | 6 replies
If you have 60k equity and 10k cash, slow down and remember this - you need 15k for reserves for a new property and you should always only use half of your equity which would leave you with 15k for downpayment and 10k cash for renovation.
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11 December 2024 | 3 replies
Unlike a kitchen or bathroom renovation your literally building a second house on the property and your dealing with everything from grading, soils, foundation, electrical, plumbing, framing etc.
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10 December 2024 | 6 replies
Larger properties spread your risk.Be Ready for Some Sweat Equity: Many first-time house hackers underestimate this part, but putting in a little elbow grease can drastically improve your returns.
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9 December 2024 | 9 replies
I should clarify a couple of things - the city is abandoning their current drain line as its undersized and installing larger pipe next to it so can't be a trenchless pipe but would have been nice.
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10 December 2024 | 11 replies
These are the pros and cons of these markets as I see it: Riverside: Larger units with more bedrooms; I can afford better neighborhood with less crime (50 percentile); properties are less old but ugly.