4 November 2024 | 11 replies
offering now 1.25M for the 1.495M listed property, with 25% down, no bridge loan, got an 8% offer. there are over 7 offers so not sure that this will be competitive but we will see.estimating around 60k total renovation as only 1 unit needs a full reno, other 2 need new kitchen cabinetry, nicer bathroom vanities and flooring. waiving inspectionHere are the updated rent forecasts, a 2bed can rent 2200/m and a 3bed around 2500/m in this area very close to Yale, 1st year negative but after that should be good CFhttps://docs.google.com/spreadsheets/d/1bLcUAKN5j8CpIKhcBKaD...
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9 November 2024 | 21 replies
Account ClosedI received the Engineering Report, ultimately once it cleaned out will be able to better see what i'm working with as it relates to the flooring.
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5 November 2024 | 6 replies
However, there's a floor for interest rates due to fears of inflation resurgence, particularly in housing prices.
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13 November 2024 | 66 replies
After you are approved you will have 7 days for the inspection and can walk away in that time space.
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6 November 2024 | 9 replies
Hi all,New to the world of real estate investing, looking to find long term rentals and maybe something in the storage space realm as well.
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7 November 2024 | 1 reply
Stripped to the studs, new electrical, new plumbing, restored original wood floors, and brought a 1946 gem back to its original form!
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6 November 2024 | 2 replies
Two giant humps have grown up in the floors from the water damage.Some parts of the subfloor are at 55%+ water saturation.
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7 November 2024 | 9 replies
Urban areas like Austin and Dallas are appealing for growth potential and job markets, but the suburbs and smaller towns offer more unique opportunities (lower entry costs and a steady flow of families and retirees seeking affordability and space).
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6 November 2024 | 6 replies
Or I do like the suggestion above of a co-work meeting space, assuming it is a bigger urban area that would be a solid potential income stream.
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7 November 2024 | 3 replies
I did not choose.I selected configurations similar to what they were renting—for example, 3-bed, 2-bath, yard space, etc.I focused on locations where they were currently living.I set rent prices within their budget.SummaryI became successful at real estate investing once I understood that what matters is the tenant segment who occupies the property.