
14 November 2024 | 21 replies
Your best bet is to invest in growing areas that are landlord friendly and where you can either connect with or build a good team yourself- realtor, property managment, contractors, etc.

15 November 2024 | 15 replies
@Luis Maza Just like there are quality contractors out there and those that are not, the same applies to wholesalers.

14 November 2024 | 16 replies
I’m excited to dive into this area for my next investment opportunities and would love to connect with like-minded investors who are familiar with the region.I’m also looking to build out my local team, so I’m interested in connecting with real estate agents, contractors, property managers, and lenders who have experience in this market.

14 November 2024 | 9 replies
I would not let them make the repair; I would make them pay for a contractor of my choosing.Definitely look for a different roofer.

15 November 2024 | 7 replies
My contractor has one credit card for all of my individually owned buildings (jointly not multiple cards) and one credit card for the building I own in a partnership.

12 November 2024 | 2 replies
The contractor suggested building a French drain along the fence line and finishing it off with a retainer wall to match the others the builder did.

12 November 2024 | 0 replies
Choosing the right contractors are important.
13 November 2024 | 4 replies
Tennessee’s no-state income tax policy can be a nice perk for long-term wealth building.Indianapolis Pros: Having real estate connections in Indy could give you a competitive advantage on deals, local market insights, and trusted contractors, which can be invaluable for a BRRRR strategy.Ultimately, your “competitive advantage” might be stronger where you already have boots on the ground.

11 November 2024 | 13 replies
Here are the numbers I know so far:Rents4 units all currently occupied on one year leases- #1: 1/1 $995 monthly- #2: 1/1 $995 monthly- #3: 1/1 $995 monthly- #4: 2/1 $1,100 monthly- Gross rents: $4,085 monthlyExpenses- $12,070 taxes annually- $350 monthly insurance (my estimate, they have liability only right now)- $175 monthly landscaping- $120 water (electrical on separate meters, tenant pays)- Total expenses: $1,651 monthlyNOI around $2,434 before vacancy, maintenance, and management (although i would likely self-manage these)Property needs about $50K in other repairs and udpates from what I can see.
14 November 2024 | 20 replies
You'll have to decide if this is a big enough issue to justify finding a new PM.As an aside, you may find a contractor that can do work cheaper, but will they be as responsive?