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16 December 2024 | 7 replies
. - yes, as long as you have made improvements and can verify the new ARV via comps, we can cash-out now.
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23 December 2024 | 12 replies
In our 'day job' business of remodeling we have stayed just a partnership with an LLC.
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18 December 2024 | 4 replies
Network with wholesalers, check public records, and use platforms like PropStream or DealMachine to find distressed properties.Be Cautious: Pay attention to permits, inspections, and local market trends—over-improving for the area could hurt your profits.Starting with a solid plan and realistic numbers will set you up for success.
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11 January 2025 | 31 replies
On top of that you have idiots who engage in bid wars and pay retail for a house that has never been inspected (and those are the bidders who will cry foul when they discover totally trashed and destroyed house that will require a full gut job to rehab).
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16 December 2024 | 43 replies
Sure there were communication challenges and that’s where I stated they and their affiliates can improve on.
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22 December 2024 | 2 replies
Job, family, retirement, location, world, moving, etc3.
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17 December 2024 | 0 replies
Value adds were a combination of market value increases, rentability increases, strategic maintenance and improvements during lease cycles, and property management.
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15 December 2024 | 7 replies
It's based on the purchase price and will not include any improvements, reno, or increase in value since the purchase.
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18 December 2024 | 25 replies
The "slow flip" I am referring to was purchase the property in the traditional financing way and then live there while rehabbing and improving (adding bedrooms, getting the yards back in shape, updating finishes, building or adding shop space, etc.).
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24 December 2024 | 9 replies
It's good practice in making the calculations needed to decide whether or not to pull the trigger on a potential deal.You soon learn that starting off as a Doctor is less advantageous than starting off as a Janitor, because the game presets your income and expenses based on the job title.