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28 December 2024 | 5 replies
welcome. congrats on the purchase. if you need any guidance would love to connect and chat. are the units rented?
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1 January 2025 | 4 replies
Leverage local experts: Connect with an architect or zoning attorney familiar with Scranton’s rules.
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28 December 2024 | 7 replies
@Shayvonne Chan recommend you connect with @Samuel Eddinger as he knows his stuff in your market!
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28 December 2024 | 5 replies
Not sure if that’s the best route to go so looking for advice/connections.
1 January 2025 | 24 replies
You can start by researching the market, connecting with other investors, understanding your strategy, and practicing your calculations (you can use BP calculators to help with this).
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17 December 2024 | 11 replies
Happy to connect and chat about BRRRRs with you.
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23 January 2025 | 30 replies
In fact, the whole of my experience with you is that most of the things you say in connection with the "investments" you are peddling turn out to be lies.
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1 January 2025 | 22 replies
Below are some actionable steps I plan to take after identifying a market:- find a rock star agent by referral and/or calling brokerages and asking to connect with their top producing agents- find a rock star contractor by referral and/or yelp- have control over construction by setting per diems to incentivize contractor to finish the project on time, within budget, and with good quality- leverage my rock star agent's time to check up on the construction process (checks and balances)- hire independent handymen/inspectors to check up on the construction process for a flat fee (checks and balances) There's competition everywhere, you won't escape that in any market.
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31 December 2024 | 4 replies
Feel free to shoot me a DM and we can connect!
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6 January 2025 | 8 replies
And as investors we should know this, but always anticipate higher costs and longer waits.EXAMPLE Breakdown of Costs:Plan Purchase: $1,500Permitting Fees: $2,500-7,500Site Preparation (grading, utilities, foundation): $20,000–$30,000ADUs require separate utility connections for water, electricity, and sewer but you can tap into existing utilities at the primary houseIn Raleigh you CANNOT split lots fee simple, so setting up completely separate utilities would not allow you to section off the ADU as of nowYour ADU must be on a permanent foundation (no wheels, no ability to move the structure)Construction (labor and materials): $100,000–$150,000Low-grade: $150–$180/sq ft averageMid-grade: $180–$220/sq ft averageHigh-end: $220–$250/sq ft averageLandscaping/Finishing Touches: $5,000Total Estimated Cost: $125,000–$200,000You could easily spend $200k+ with super end high finishes, custom designs, complicated sitework, adding a second story or more sqft, etc.