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26 March 2024 | 12 replies
I could do the installation myself, but then I have to install it just so to uninstall it again 6 months from now when she leaves.
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26 March 2024 | 1 reply
Kitchen redo, septic system install, landscaping What was the outcome?
26 March 2024 | 1 reply
Install cameras to catch any dumping activities and then report to police who should issue fines, make arrests, etc.
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26 March 2024 | 25 replies
Three kitchens, three baths, three electrical wirings, three HVAC installations, all the interior work, and then all the finishes.
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25 March 2024 | 7 replies
We definitely will approach it with the standpoint of needing a team in place and not DIY-ing our way through it.
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25 March 2024 | 10 replies
I will need to install a bathroom.
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25 March 2024 | 5 replies
Are you going to try to DIY the flip also?
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24 March 2024 | 6 replies
@Stephen Montez from what we see here on BP:1) Investors NOT knowing how to get properties under "market" value.They all expect to pay price in MLS and cashflow.2) Not taking the time to understand different property classes and their pros & consThey often buy a Class C rental for the low price, yet expect Class A results.3) Trying to DIY manage without doing their homeworkThey try to penny-pinch, yet their mistakes cost them dollars.
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25 March 2024 | 118 replies
Many OOS investors set themselves up for failure because they don't truly take the time to understand:1) The Class of the NEIGHBORHOOD they are buying in - which is relative to the overall area.2) The Class of the PROPERTY they are buying - which is relative to the overall area.3) The Class of the TENANT POOL the Neighborhood & Property will attract - which is relative to the overall area.4) The Class of the CONTRACTORS that will work on their Property, given the Neighborhood location - which is relative to the overall area.5) The Class of the PROPERTY MANAGEMENT COMPANIES (PMC) that will manage their Property, given the Neighborhood location and the Tenants it will attract - which is relative to the overall area.6) That a Class X NEIGHBORHOOD will have mostly Class X PROPERTIES, which will only attract Class X TENANTS, CONTRACTORS AND PMCs and deliver Class X RESULTS.7) That OOS property Class rankings are often different than the Class ranking of the local market they live.8) Class A is relatively easy to manage, can even be DIY remote managed from another state.
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25 March 2024 | 1 reply
Example: The tenants were paying $1500/month before the flooring was installed.