
13 September 2024 | 24 replies
I was doing small quantities of about 2,000 a week.I decided to go with in-house (I hired someone) to see if sampling made a difference.

9 September 2024 | 23 replies
When the time comes to evict our first tenant, I will hire the best lawyer and let the expert take care of it.

12 September 2024 | 27 replies
I built some new construction up in Ocala area and it was uber frustrating as well getting permits my GC I hired though finished the projects although it took way longer ( not his fault) So for us it was not a great investment we made a little return but nothing that was commiserate with the risk.I think this is an issue with FLA with the uber growth going on etc.

12 September 2024 | 25 replies
As I understand they have already submitted to BG checks with the hospitals before hiring.

10 September 2024 | 1 reply
Here’s the situation:Key Project Details:•Property Size (pre-renovation): 250 sq. meters (2500 sq. feet)•Purchase Price: 250,000 EUR (1,000 EUR/sq. meter)•Renovation Costs: 750 EUR/sq. meter (includes kitchen, appliances, quality furnishings)• Loan costs (during renovation and renting): 350 sq. meters (due to attic expansion)•Property Size (post-renovation): 350 sq. meters (due to attic expansion)•Post-Renovation Layout: 2 separate apartments•Airbnb Income (24 months): 2,500 EUR/month/apartment (= 5,000 EUR/month)• Other running costs: 600 EUR/month•Projected Sale Price (after 2-3 years): 850,000 EUR (approx. 2,500 EUR/sq. meter)•Closing Costs: Negligible in Tbilisi•Real Estate Agent’s Fee: Typically 3%, but negotiable based on who hires themFinancing Setup:•Property Purchase Financing: 100% bank financing at 5.9% interest (bank has even financed 150% to cover some renovation costs in the past)•Renovation Financing: Our friend is offering to finance 250,000 EUR in cash for the renovationsProposed Partnership Structure:•Work Involved (on our side): Full renovation (10-12 months to complete), furnishing, and property management through Airbnb until the sale (2-3 years)•Profit Split Proposal: 60% (us) / 40% (friend providing renovation financing)Questions for the Community:1.Does the proposed profit split (60/40) seem fair, given the work we would handle (renovation, furnishing, property management)?

13 September 2024 | 61 replies
Plus now that I'm established and have a portfolio, I pay a lot into the local economy by hiring contractors, buying materials, etc.

9 September 2024 | 23 replies
Having things local is great for management, once you get into 1-2 hrs + commute I would hire PM.

9 September 2024 | 14 replies
Let me explain that better, imagine your rehab is $100k, you would need to do part of the rehab, maybe $10k, and then you can get the funds for those first $10k reimbursed so you can keep progressing with the rehab.Given your experience, I would recommend you start with a moderate or light rehab, mostly cosmetic work so that you can do it yourself and won't get your profit decreased by hiring third parties.

9 September 2024 | 3 replies
If you're planning on financing the purchase, the lender will hire an appraiser.

9 September 2024 | 7 replies
While small demo projects are typically better to have built into carpenter's bid, versus hiring a dedicated demo crew, each scenario will dictate that.