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4 January 2025 | 3 replies
Hello @Yvonne Wang,The scope of work should include the following:- Basic info: Property address, client name, contractor's contact info, address, license#'s, signed general/operating agreement b/w contractor and client- Specification of repairs: Repair item, Quantity of items needed, total & per unit cost of items, taxes (if applicable), Completion hours, title of the person responsible for the repair item, written summary describing the work- Add'l info: Schedule of repairs, additional payment schedule details i.e. disbursement schedule, method of disbursement, deposits, holdback amounts, etc.The screenshot below highlights a couple of repair items.
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5 January 2025 | 1 reply
Personally, I'd spend a little more if I knew there was significant value add there.
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1 January 2025 | 27 replies
There are a ton of online resources.You could also look at the Arcade1 cabinets as well as the Gamer Legends stuff.
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11 January 2025 | 6 replies
Personally, I like to target 30% equity retention in each deal.- Section 8 income isn't guaranteed.
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9 January 2025 | 2 replies
Basic staging with an agent usually means they give you insight into how you should:Declutter and depersonalize by removing photos and personal itemsArrange your furniture to improve the room’s flow and make it feel biggerAdd plants, move art, or re-arrange other accessoriesFull-service staging is another option if your house needs more hands-on attention.
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8 January 2025 | 9 replies
I would personally use some of that equity and get started with your first property.
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9 January 2025 | 18 replies
I am not a realtor, so I cannot give advice as though I am one, but there are some guidelines that I have used personally over the years, with great success.
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8 January 2025 | 34 replies
Trust me, I have been there.I suggest you try to House hack in cities that you are already familiar with and have some connection with.Hire a great investor agent in that market and ask them all your questions and concerns.That I believe is the best way to get personalized advice tailored to your goals and lifestyle.You giving out Cleeveland and Toledo on your post will only attract biased opinions and advise.Only you know what you truly like, want, and can deal with.As Nicolas said, read this post and comments and hope that gives you a new perspective. https://www.biggerpockets.com/forums/12/topics/1215726-break...https://www.biggerpockets.com/forums/963/topics/1195280-expe...https://www.biggerpockets.com/forums/48/topics/1137397-balti...Goodluck and keep us posted.
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28 December 2024 | 24 replies
Tampa has amazing growth potential and have personally witnessed @Josh Green work miracles for his clients.
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7 January 2025 | 0 replies
1.Finding Value: Identifying properties with strong upside potential is critical in markets like Antioch.2.Rehab Management: Staying under budget and on schedule ensures better cash flow and quicker refinancing.3.Leverage Matters: The HELOC strategy allows me to scale quickly and acquire more properties without tying up personal capital.