Hermes Kanaris
Wanna be a surgeon? Dissect this deal with me.
30 December 2024 | 14 replies
Let’s break it down with the 70% rule to see if it’s investor-friendly:ARV: $190,000 (taking the middle of $180K-$200K)70% of ARV: $190,000 * 0.7 = $133,000Minus Estimated Repairs:Roof: $20,000AC: $4,000Additional repairs (general estimate for a property needing updates, say flooring, paint, minor plumbing): $10,000-$15,000Total Repairs: approx. $35,000Max Buy Price for Investor: $133,000 - $35,000 - $10,000 (wholesale fee) = $88,000Since you’re getting it for $91,000, you’re close, but to make it irresistible, consider negotiating the purchase price down a bit further.
Jeffery Campbell
Go where the opportunity lies!
18 December 2024 | 3 replies
We focus on CapEX before beauty. as a realtor we understand selling or renting homes you have to make the home function, Roofing, windows, electrical and plumbing. after we address these we focused on beautify making sure the upgrades match the area and is forward thinking with color scheme, flooring, and flow.
Dani Murai
General Contractor that services the Torrance/Gardena Area
17 December 2024 | 3 replies
Instead, there should be dollar amounts assigned to specific events, i.e. demolition complete with full haul off, floors broom cleaned, no nails left in studs or subfloors $1,500.Plumbing rough in complete and rough in inspection passed: $4000Final plumbing completed $5000I am clearly making up dollar amounts, but look for these types of bids on large projects.
Sofia De Santos Tavarez
How do you determine a scope or work and what materials to buy?
26 December 2024 | 13 replies
The GC can handle the entire project, coordinate different subcontractors and make sure the project is completed per building codes - especially if the rehab is complex or involves multiple trades like plumbing, electrical, and carpentry.
Kyle Fitch
Why Real Estate Over Stock Market?
6 January 2025 | 57 replies
That is perfectly fine, stick to REI exposure via private lending, O etf, maybe syndications, and be largely invested in domestic & intl equities.
Celli Mowery
Who has interest in Kentucky?
10 January 2025 | 26 replies
The need for building permits in the counties is limited to plumbing, HVAC, & electrical.
Joel Oh
One platform strategy
2 January 2025 | 30 replies
Plumbing is historically one of the most difficult things to fight since age and the structure matter so much and it is nearly impossible to pinpoint one issue that caused the damage.
Marcus Auerbach
Mortgage rates going up. Is the market expecting inflation?
24 December 2024 | 25 replies
Risk of future inflation, and projections of gross domestic product.
Thomas Malone
Anyone experienced with Lee Arnold's system
23 January 2025 | 56 replies
By the time I arrived in the evening, everything was torn up—floors, walls, plumbing.
Christopher Morris
Is Relying on Cash Flow Feasible?
21 January 2025 | 59 replies
But using that mindset, so is landscaping, plumbing, or clean out during turnover.