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20 February 2025 | 18 replies
I could never buy land in brickell it's more than 300 million per acre. but in columbus I can buy an infill lot for 40-60k within 1mile of Downtown Columbus. we looked at hundreds of Floorplans and found that 2 bedrooms seemed to be better than 1 and we wanted a tight compact floorplan that could get high rents. rents are higher Downtown Columbus and property values are higher Downtown Columbus by more than 40%. after that we wanted 4 units but it was commercial so we stuck to 3 units because it's residential. in February of 2024 we submitted our first design of a stacked triplex that is 2 beds 1 bath. after design changes, we now have about 7 approved in our market. all of the underwriting of banks is based on long term rentals.
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6 February 2025 | 0 replies
The zoning changes will make California a hot real estate market.
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7 February 2025 | 2 replies
Another factor is we both work full time jobs so it’s difficult for us to scale as quickly as we would like to but if we can take these early profits that would change things.
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20 February 2025 | 3 replies
The fix-and-flip game is always changing, and what worked a few years ago doesn’t always cut it today.
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20 February 2025 | 6 replies
If there's enough equity, you may be able to do a cash out refinance and use those cash proceeds to buy her out & change vested title in a LLC you only own.
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3 February 2025 | 4 replies
Times are changing somewhat though, so maybe over time if they are not supportive now, they will be at some point in the future.
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20 February 2025 | 4 replies
easy to build, rent, refinance repeat. might not be your market. look at the underwriting model. we underwrite every deal not only with fresh comparable but market economics change. land costs go up or down, construction costs go up or down, design modifications improve the property, comp sets can get more favorable or less favorable.
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15 February 2025 | 3 replies
More control of the active income of our business due to long term rental market changes that are being effected by the rates as well as growing deal prices.
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19 February 2025 | 6 replies
It's been a while since I used it, so may have changed after TransUnion purchased it.
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3 February 2025 | 14 replies
Then change the locks and move on.