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11 September 2024 | 18 replies
I had to replace the fences after a strong storm last year, which costed $4200 in materials and labor.
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16 September 2024 | 40 replies
Attracting capital will be tough when you start out due to not having a track record.
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13 September 2024 | 35 replies
85% on a foreign national will be super tough and your credit won't qualify for 85% its already difficult to get 85% on a DSCR property not being a foreign national.
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9 September 2024 | 3 replies
I handled this by building a network of trusted professionals and always having backup options in case someone couldn’t deliver on time.Striking the right balance between quality work and sticking to the budget is tough.
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10 September 2024 | 2 replies
Total cost materials only was approx 50k, that's 10+ years ago.
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12 September 2024 | 27 replies
I wonder if he bit off more than he can chew.Its been a tough road last 3 years or so..
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9 September 2024 | 14 replies
STR a suboptimal option in this market due to restrictive ordinances.Purchase price: $1,260,000 with 11% down @6.75% fixed 30 yrTotal Rehab costs (labor + materials) thus far: -$70,390Cashflow to date (NOT including Rehab Costs above): -$60,237Projected Cashflow: 3.1% with 3 LTR tenants Wanted the group’s expertise on options as I am considering parting ways with this property given the number of leaks that have come up in this relatively young property.1) In 2025, 1031 into another (potentially more units) multifamily at least 20 years old.2) Investigate leaks/Stabilize and proceed with original plan as LTR and accept uncertainty related to potential future leaks.3) Proceed as MTR (hospitals and NYC nearby) so that can intervene on issues during vacancy periods.
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10 September 2024 | 2 replies
I’m still figuring out where opportunities are / will be and consume a wide variety of materials.
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10 September 2024 | 4 replies
It is tough finding off market houses to flip so I hope you find something.
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9 September 2024 | 7 replies
Also, who is disposing of materials?