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1 August 2024 | 10 replies
Every market is a bit different, but sticking to what you would be desiring as a guest is more certain to hit than going based strictly off value.I find it ironic how vast the differences are between STR and LTR.
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3 August 2024 | 14 replies
. :)You want to refer to Iowa Code 562a Uniform Landlord and Tenant LawIn particular, read 562A.12, 562A.29 and 562A.33.I'm not an attorney but your case appears to fall under "abandonment" or "surrender."
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28 July 2024 | 1 reply
What do you guys think are the best zip codes in south Florida for fix and flips?
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30 July 2024 | 3 replies
Anything over 4 units is commercial where DSCR usually goes up to 8 Max in most cases after that its strictly commercial or SBA.
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31 July 2024 | 20 replies
I am a strictly ground up developer.
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31 July 2024 | 9 replies
I will be in zip code 46220 and 46240 if there is anything close please let me know.
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1 August 2024 | 35 replies
Homewyse.com is a good source to get costs for individual repair items based on zip code if you need them for your spreadsheet.
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1 August 2024 | 33 replies
This leaves a margin to cover holding costs, financing expenses, and still achieve a desirable profit.Here's the formula:Max Purchase Price = (ARV x 0.7) - Estimated Renovation CostsKeep in mind that this is a guideline and not a strict rule.
31 July 2024 | 10 replies
Ok I will check those websites out, Thank you.There's a variety of ways to get a deal in front of you (I'm mostly a flipper), but basically if it looks promising, I run custom comps queries and check the current & past $/sf of renovated/distressed product in that city or zipcode.Here's a chart on 90066 I generated from my tool under Market Stats > Sales Data > Specific Zip Code:- My above chart (more available) shows the Avg Renovated $/sf (High) over time in this Zip Code, something completely different than charts/providers based on Averages/Medians only, like every other platform (RedFin Below, https://www.redfin.com/news/data-center/):- Can't select smaller locations such as City or Zipcode for their $/sf data, so it's useless helping me underwrite/verify a deal.- Can set Zip Code for Median Sale Price data, but again it's the median/avg so it's useless helping me underwrite/verify a deal.Then if that looks decent, I'll run Sales Comps, and get a quick summary of some key metrics based on those comps.
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31 July 2024 | 5 replies
If not, I'd strongly recommend staying in the city for a weekend, driving around to different areas that you're looking to invest in and just getting a feel for the zip codes that you'd like to invest.I'd also like to pass along this zip code breakdown done by Doug Skipworth and Dean Harris (from Crestcore) to give you a better idea of which areas to look for deals and which areas to avoid: https://youtu.be/cl69pb2DvEo?