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1 August 2024 | 1 reply
Construction materials: Frame, no basement, roof: asphalt shingles, Floor: Carpet on stairs and bedrooms, LVP: Kitchen and living room.
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31 July 2024 | 7 replies
Keep in mind you'll be affecting other aspects of your life.
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29 July 2024 | 21 replies
What about when you need a new roof?
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1 August 2024 | 8 replies
We then spent around $30,000 out of pocket on renovations, including repairing the roof, upgrading the electric panel, installing new HVAC, and putting in a new kitchen.After completing the work, we refinanced with LendingOne using a 30-year fixed-rate DSCR product at around 7%, which resulted in a net cash-out of approximately $15,000.A couple of things to note:I'm out of pocket on this property for around $40,000 ($25k down, $30k rehab, minus $15k recaptured).I'm thrilled with this amount since it's far less than our "normal" 25% down strategy would require based on the higher value.The property appraised for $330,000 after the renovations.The key point for me is that this property is now netting around $800/month in cash flow.
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1 August 2024 | 12 replies
This is just the normal operating costs, never mind the big things that come up occasionally with capex like when you have to replace a major component (furnace, water heater, sewer line, driveway, steps, deck, windows, roof, doors, siding, landscaping, etc,) and it costs $10-20k.
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28 July 2024 | 0 replies
What is the going rice for new roof for 1500 sq feet house in Montgomery?
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31 July 2024 | 3 replies
My sister had my parents' house passed down to her in a quick claim deed, which is also fully paid off Zestimate ~$420K, but she does have some "good debt", roof/windows for house $50K and car payments for her car and my mother's $25K= total debt $75K.
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31 July 2024 | 18 replies
Becoming an agent can be great, but I would say wholesaling is just as good if done right.Here are what I would say are the two most important aspects to successful wholesaling, coming from someone who hasn't successfully flipped a contract but who has bought multiple deals from wholesalers:1.
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31 July 2024 | 11 replies
Highlight the best aspects of the home in the first few photos (not the dead grass).3.
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30 July 2024 | 2 replies
Here are the criteria that would determine it is a "log cabin style" v a true log cabin:- Foundation Walls = Concrete Block- Roof Surface = Metal or Shingles- Heating = FWA- Interior Walls = Drywall or Plaster