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14 September 2024 | 23 replies
You should consult with a qualified contractor to discuss options and costs for proper repairs.
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10 September 2024 | 1 reply
Need recommendations for a driveway repair - there is a big tree in my front yard whose roots have aggressively lifted the concrete slabs of my driveway.
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21 September 2024 | 71 replies
Along the way you have to manage and support the property… fill the unit, repairs, etc.
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17 September 2024 | 10 replies
For example, in Tampa Bay, I know I can sell a property all day at 80% of ARV minus repairs, so my offer would be that result minus my fee.
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21 September 2024 | 33 replies
The other aspect is identifying what I call "Ugly Inventory" so that you find homes that can still pass an appraisal and not be "Subject to" so that you can do some TLC with repairs/renovations to borrow off of the ARV.
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14 September 2024 | 9 replies
Pretty much all major components were newly installed / fitted and done to a tasteful standard (new metal roof, plumbing, electrical, kitchen, flooring, bathroom, doors, new hvac, decks, vinyl siding etc) and I have visited and walked through 3 times and even been under crawl space to inspect a repair that was previously noted on an inspection to the foundation after termite treatment which looked to be a good job.
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20 September 2024 | 114 replies
You won't be incurring these every year..I think you should sit down and just run the numbers for the next 12 months, taking into consideration only what you expect to spend to operate the property, expect to spend on maintenance and a buffer for emergency repairs.
16 September 2024 | 9 replies
Remember that you have to follow the 1031 Exchange Rules.Is that $500/month after putting money aside for vacancy, repairs, etc.?
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13 September 2024 | 24 replies
If I make this repair in July, I could have problems with the city for the late certification?
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14 September 2024 | 9 replies
If the fixes are cosmetic or minor, that’s a big plus, but if there are larger repairs (roof, plumbing, etc.), ensure you budget for those.