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7 January 2025 | 8 replies
The cost to maintain them probably wouldn’t be exactly 8x as compared to the single 8-unit, but it sure as hell isn’t a 1-to-1 ratio either.
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22 January 2025 | 1 reply
I'm very good at running comps and determining rehab costs.
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26 January 2025 | 5 replies
Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.
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3 February 2025 | 27 replies
It also saves you some costs, which is helpful when you’re just starting.
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21 January 2025 | 4 replies
Since you know what you need to buy it at and an average rehab cost, I would say $50-70k for a cosmetic flip, set the ARV based on the sample you choose and doing comps and ask them if they would invest in a deal similar to this.
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19 January 2025 | 2 replies
Looking to construct a duplex at a reasonable cost but also quality for long term durability.Thank you!
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20 January 2025 | 2 replies
It costs $25. 9am to 11:30am.
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26 January 2025 | 6 replies
To me at my current knowledge level, this deal only works if taking over the loan - to limit the out of pocket money to acquire the property since the outside reno and new septic would take up the bulk of rehab costs.
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27 January 2025 | 4 replies
A typical PPM will cost about $10K.
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24 January 2025 | 11 replies
For those curious about the numbers:Purchase Price: $95,000Renovation Costs: ~$4,000ARV: ~$140,000Expected Rent: ~$1,500Thank you again for being an incredible resource.