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4 February 2025 | 0 replies
Platforms like Procore, JobTread, Buildertrend, and FlipperForce have caught my eye, but I want to make sure I’m considering the best fit for my needs.Here’s what I’m looking for in a solution:Cost Estimation: A tool that accurately calculates material and labor costs.Project Oversight: Features to manage tasks, schedules, and budgets efficiently from start to finish.Vendor Integration: Real-time updates on pricing and inventory from suppliers like Home Depot or other suppliers.Material Suggestions: Automation or recommendations based on the rehab’s scope and specifications.Labor Planning: Tools to predict labor hours and staffing requirements for each phase of the project.For those of you who’ve used any of these platforms (or others), I’d love to hear your thoughts:Which software have you found most effective and why?
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10 February 2025 | 2 replies
Local Real Estate Investor Associations (REIA's) also are a great place to network and find a mentor or someone to walk you through getting started.
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25 January 2025 | 6 replies
I've finally found a property that could be a good fit for my primary residence- if I can get a good price on it.
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19 February 2025 | 4 replies
Opt for loan terms and interest rates that you can comfortably manage.Build reserves: Set aside cash reserves to cover unexpected expenses, like vacancies or repairs.Consult with professionals: Seek advice from real estate agents, lenders, attorneys, and tax professionals to ensure you're making informed decisions.Remember, there's no one-size-fits-all answer.
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18 February 2025 | 43 replies
Here are some things that have been most impactful for me:*Reinvested ALL profits from Day 1 until it was time to walk away from W2.
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18 February 2025 | 14 replies
I've walked through a property with a wholesaler and when I walked in I told him the ceiling height here is a big factor for resale and I can't use the comps he sent me.
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12 February 2025 | 6 replies
By helping you remove us from your list, you could focus on other opportunities, and we could focus on other investors for whom we are a better fit.
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15 February 2025 | 6 replies
A 30-year mortgage offers lower monthly payments, which could be a good fit for flexibility when you rent it out.
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21 February 2025 | 3 replies
Don't forget, you’re going to be out 10%+ in closing costs so you’ll walk with zero cash and pin your hopes on them paying you 20-30 years from now if that’s all they put down.
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14 February 2025 | 4 replies
Property management is remote so far, however I only need assistance with handing over Keys to tenants, handling repair requests and doing walk throughs at the end of the lease.