Lee Crews
What would you do in this situation?
21 May 2019 | 9 replies
Even if you subtract for RE commission, closing costs and discount the property for a fast sale, you should clear around $50-55k.3 - It would take you around 17 years of perfect tenants to reach $51 k in cash flow.4 - If you invest the $51k in flips, make only 10% per flip, and do two a year, and don't reinvest your profits...just keep reinvesting the seed money ($51k), you could profit over $5k/year...double what you would be getting in CF if you left it as a rental.5 - Now, if you reinvested your profit back into the flips, you would be compounding you profits.6 - 10 years of compounded profits, at 10%/flip...2/yr = over$280k in profit7 - After your accumulated profit reaches the point when added to the original seed money equals enough to when flipped, you can use just the profit to buy rentals.8 - keep flipping the enlarged seed money.
Eliza Greenwood
House Hack Reality Check Please
18 September 2019 | 8 replies
And you'll have new cracks in unexpected places, old cracks that will not close, but instead enlarge.
Patricia Eisenhut
Permanent Fixtures Question
25 September 2019 | 7 replies
Now if they use a toggle bolt that''s impossible to remove without enlarging the hole to 1/2" then yes, I would charge those as damages.Exterior concrete walls I do not allow installation of anything without prior written approval.
Michael Nugent
4643 Tyler St, Riverside Ca 92503
12 June 2019 | 2 replies
The kitchen was a BOOM by enlarging it and making it an open concept with light colors to add space.
Brennan Stephenson
How to Develop this Property
12 August 2019 | 4 replies
Since you've mentioned no financial limitations I would maximize the income potential of the property by building the maximum number of living spaces that are allowable and appropriate (for the neighborhood and property), enlarge the existing house, create a living unit above the existing garage, create a multi-unit building, and build a second garage. 1st, I'd look into maximizing the size of the existing home with an eye toward adding one or two appropriately sized bedrooms each with its own bath (this depends on how the home is laid out); 2nd I'd create another 2 bed 2 bath Air BnB space above the existing three car garage with a separate stairway entrance to each bedroom.
Matt Dunlap
Starting a Large Renovation on 5 Unit Oakland Apartment
22 September 2019 | 5 replies
Is there a possibility of legalizing the previous two non conforming units rather than using that space to enlarge the legal units?
James Dunn
34 Duplexes for sale in Topeka, Ks. All on the same street.
3 May 2019 | 11 replies
“Here"s your chance to Own the whole block, Enlarge your investment portfolio fast and have good cash flow.
Addison Ricci
Looking to buy 2 houses with potential structural work
29 June 2019 | 5 replies
And you'll have new cracks in unexpected places, old cracks that will not close, but instead enlarge.
Tess Sweet
Change of Use: R2 Duplex to R1 SFR with attached ADU
12 February 2021 | 5 replies
They're separately metered and both legal, but according to zoning laws (section 12.23) it's not clear that the residential unit can be "added to or enlarged" so I'm looking at converting it to a legal ADU as well.
Kumar Tummalapalli
July 4th deals - Kitchen , Bathroom
1 July 2019 | 14 replies
Perfect , you are one good combo.Nice to know about HD vs Lowes , its fascinating how each chain operates completely differently .Great info .By the way , I just looked up window resizing and apparently , reducing the size was much easier than enlarging, there were couple of good videos on youtube