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14 January 2025 | 15 replies
No lender will lend that high leverage.
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11 January 2025 | 13 replies
Margins seem low and the risk seems high.
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9 January 2025 | 107 replies
That's not exactly an up and coming area -- I'd research who built them - can likely find that by going to the SG County Recorded Docs site or by seeing who pulled the permits during const -- Wichita has been on a duplex building boom -- look at the tax value -- They probably have that or less in it on the build - I also doubt they were built to be quality long term -- things such as the trim/cabinets etc -- they all look like the cheapest stuff a guy could buy - if the cabinets aren't oak and there is MDF or pine trim and pre-hung doors with engineered wood jams I'd run. 2-3 yrs ago for $180k -205 or so you could buy duplexes in Maize, Kechi, Valley center all day to builders that were selling them off to investors - not worth that in that area.
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13 January 2025 | 15 replies
Going into an area with little data is high risk but could be high reward.
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31 December 2024 | 13 replies
You cannot have a contract that simply states "install high-quality countertops" without specifying the quantity, location, type, or style.
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27 January 2025 | 18 replies
Even if you can find insurance now, premiums will likely remain high, and resale value could be impacted unless the wiring is updated.
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1 January 2025 | 12 replies
Some people will say, "Take out a quality Insurance Policy and you will be protected."
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28 December 2024 | 26 replies
I am very concerned about so many investors being presented with questionable marketing practices and charging such high prices for information.
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13 January 2025 | 8 replies
Paying a bit more might be justified if the pro forma income is very achievable, but $360,000 seems too high unless renovations are already complete.Factor in the costs and timeline for completing renovations for the studio and the fifth park-owned home.
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13 January 2025 | 5 replies
They're highly popular for turnkey rental properties because qualification is primarily based on the income generated by the property itself rather than the borrower.