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1 August 2024 | 13 replies
It's possible to anticipate paying between $1,500 and $3,000 annually for each unit, but to fully grasp the range of expenses, it's critical to obtain estimates from several insurance providers.If you intend to keep one unit unoccupied for guests, a triplex could be a more practical and affordable choice.
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31 July 2024 | 2 replies
Renting by the room could yield $800-$1,000 per room, totaling approximately $2,400-$3,000 per month, depending on the property's condition and amenities.Average rents in Easton show one-bedroom apartments at $1,618 and two-bedroom apartments at $2,425.
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2 August 2024 | 11 replies
I will rough estimate total at $6k.
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1 August 2024 | 33 replies
However, a commonly used benchmark is the 70% rule.The 70% rule suggests that to make a flip worth it, you should aim to purchase a property for no more than 70% of the after-repair value (ARV) minus the estimated renovation costs.
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1 August 2024 | 2 replies
The value I estimate is right around $340,000.
2 August 2024 | 15 replies
Then you need to learn how to calculate rough construction/rehab estimates. 2) Learn to Market.
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28 July 2024 | 1 reply
I am looking for rental properties in Tampa, FL, and I am having trouble estimating expenses when analyzing deals.
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29 July 2024 | 0 replies
If the approximate $140k is seller financing, are the terms of such agreement made in the real estate contract?
31 July 2024 | 10 replies
Take this 💥just-closed renovated property for example💥:With my query of "22757 Charlemont Pl, Woodland Hills, CA 91364 5/4/2400-3050,0.6,300" we get an ARV Estimate that is ~4% off, and I picked this at random just scrolling through recently closed in my areaAnd the Market Stats $/sf of renovated property in that Zip Code matches up pretty well, so I know the ARV estimate is realistic:You can also run Agent Stats to find/get in touch with the real top-agents in that area so you can triple-verify everything and/or list it with them when you are done.With the above, I am able to quickly vet every new deal that comes my way and spend more time on the good ones.
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31 July 2024 | 0 replies
On-site evaluations allow you to examine the property's condition, identify potential difficulties, and precisely estimate renovation costs.