Sofia De Santos Tavarez
How do you determine a scope or work and what materials to buy?
26 December 2024 | 13 replies
The GC can handle the entire project, coordinate different subcontractors and make sure the project is completed per building codes - especially if the rehab is complex or involves multiple trades like plumbing, electrical, and carpentry.
Celli Mowery
Who has interest in Kentucky?
10 January 2025 | 26 replies
The need for building permits in the counties is limited to plumbing, HVAC, & electrical.
Joel Oh
One platform strategy
2 January 2025 | 30 replies
Plumbing is historically one of the most difficult things to fight since age and the structure matter so much and it is nearly impossible to pinpoint one issue that caused the damage.
Thomas Malone
Anyone experienced with Lee Arnold's system
23 January 2025 | 56 replies
By the time I arrived in the evening, everything was torn up—floors, walls, plumbing.
Christopher Morris
Is Relying on Cash Flow Feasible?
21 January 2025 | 59 replies
But using that mindset, so is landscaping, plumbing, or clean out during turnover.
Sophanara Khoeun
New to Investing: Repairman? & Hire or Not to Hire a Property Management Company
27 December 2024 | 9 replies
@Sophanara Khoeun For significant repairs like foundational issues, plumbing, and electrical updates, hire specialists (e.g., structural engineers, plumbers) for precision, or a general contractor for coordination if the scope is broad.
Daniel Reed
Strategies for Transitioning to Multifamily Properties with Positive Cash Flow?
25 December 2024 | 11 replies
If one or more units are vacant, the remaining units often don’t provide enough cash flow to cover expenses, making it harder to meet operating costs.Maintenance costs: A fourplex comes with four times the appliances, plumbing, HVAC systems, and other components to maintain, leading to significantly higher repair and maintenance expenses than single-family homes.If you want to see the detailed calculation, read this BP blog - More Units Doesn’t Mean More Money—Why a Single-Family Home Can Beat a Fourplex.Resale value: Multi-family properties have a limited buyer pool—mainly investors—who base their offers on CAP rates.
Liz Lynn
Mobile Home Rentals
18 December 2024 | 2 replies
Maintenance can also be a factor—while newer homes may require minimal upkeep, older units might need more frequent repairs, particularly for things like plumbing or HVAC systems.Some things to pay close attention to:Zoning and Permits: Check local zoning laws and permit requirements to ensure you’re allowed to place a mobile home on your land and rent it out.
Sha Sing
Has anyone worked with ReadyREI in Saginaw, Michigan
20 January 2025 | 19 replies
If more important items such as plumbing, electric or mechanicals are not working we will also address that for them but typically we avoid those kinds of properties if its to extensive.For those who are familiar with wholesaling you fully understand that to wholesale none of what we just mentioned above is necessary or obligated to be done in order to wholesale.