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8 February 2024 | 27 replies
If you are not a plumber or electrician then you do not require those tools.
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8 February 2024 | 17 replies
All complimented with Amazon fulfillment centers, google, and more tech manufacturing jobs.The bad reputation of “Detroit” comes from OOS investors wanting sub $40,000, D class properties in poor condition, because they pencil out to 2-3% deals on paper.
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10 February 2024 | 39 replies
If you have a non-paying tenant and have to evict, or any minor mechanical issue that requires a plumber or an electrician, or a capex issue like a driveway, sewer line, roof, windows, doors, siding, appliances, etc... you're in the hole big time on this property.
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9 February 2024 | 49 replies
Real world numbers 3 years into the syndication I invested in:COC return 2019 = 1.6%COC return 2020 = 1.0%COC return 2021 = 1.0%This is with occupancy of 95% plus, remodeling units, and pushing rents higher.Don't expect large big name syndicates to return 6-7% COC on their reputation alone.
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7 February 2024 | 13 replies
I have a decent network of plumbers/electricians/handymen from doing rehab work in the area.
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7 February 2024 | 0 replies
After speaking with a very reputable agent he's suggesting new construction in Madison, AL with the builder offering a rate buy down.
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7 February 2024 | 5 replies
For example, in NJ electricians and plumbers require licensure.
8 February 2024 | 16 replies
All complimented with Amazon fulfillment centers, google, and more tech manufacturing jobs.The bad reputation of “Detroit” comes from OOS investors wanting sub $40,000, D class properties in poor condition, because they pencil out to 2-3% deals on paper.
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7 February 2024 | 9 replies
Here are some tips for a cost-effective installation:Shop Around for Deals: Look for discounts or promotions from local suppliers or consider remnants from larger projects to save on material costs.Consider Prefabricated Granite: Prefabricated granite countertops are pre-cut and polished, offering a more affordable option compared to custom-cut slabs.Hire Reputable Installers: While it may be tempting to cut costs with DIY installation, hiring professionals ensures proper fitting and longevity, ultimately saving on potential repairs.When it comes to return on investment (ROI), installing granite countertops can yield substantial benefits:Increased Property Value: Granite countertops are a desirable feature for renters, potentially allowing you to increase rental rates and attract higher-quality tenants.Long-Term Durability: Granite is known for its durability and resistance to scratches and heat, reducing the need for frequent replacements or repairs.Tenant Satisfaction: Tenants are likely to appreciate the upscale and modern appeal of granite countertops, contributing to higher tenant satisfaction and longer lease durations.The appeal of granite countertops to potential tenants can significantly impact property occupancy rates:Enhanced Aesthetic: Granite countertops convey a sense of luxury and sophistication, making your property stand out in the rental market.Competitive Edge: Properties with granite countertops often have a competitive edge over others, attracting more prospective tenants and reducing vacancy periods.Positive Reviews and Referrals: Tenants may be more inclined to leave positive reviews and refer your property to others, contributing to a positive rental reputation and sustained occupancy.By strategically incorporating granite countertops into your rental property, you can elevate its appeal, attract quality tenants, and maximize your investment returns.In conclusion, granite countertops can significantly enhance the appeal and value of rental properties.
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7 February 2024 | 40 replies
House Hacking locally in a state that literally has one of the worst reputations for landlords is how my wife and I got to financial freedom.