
25 June 2024 | 39 replies
Unfortunately, it is usually irreversible, because that high level of trim work and materials is so expensive.

24 June 2024 | 21 replies
That profit margin is so small and could easily be wiped out with holding costs.

23 June 2024 | 7 replies
@Victor ValenciaI just wanted to post on this so I can be reminded to follow this and here about the outcome - these types of situations I find intriguingAs others mentioned this is why title insurance is so important 7e

22 June 2024 | 21 replies
ROE is so low (.6%) that at this point in our RE journey, we believe our $$ can do more for us elsewhere and we still sit within Sec121 exclusion to avoid some CG tax.

23 June 2024 | 67 replies
Your Realtor and Inspector care, but not that much, it ain't gonna be their house..As far as your current situation, all you can do is get multiple bids to fix the problems and then decide whether it is worth it to move forward.....if you sell, you have to reveal what you now know, so you will take a big hit.Factor in the future appreciation that you expect and maybe there is some money to be had in the future....maybe fix these up nicer than you intended and raise the rents as well.....Bad news all around, sorry for your problems.

25 June 2024 | 30 replies
You know it’s funny back when I was flipping in dc pre covid, I was always amazed at the prices and in the back of my head was like I cannot believe people are paying 800-1 million to be in a tiny rowhome in a frankly pretty rough area, now of course everyone who didn’t grow up here throught it was just was the way it was, but growing up here I tried to explain to everyone just how bizzare it was that the city was so much more than then the burbs, (from 06 on there were entire areas that went up fourfold, where as the burbs were kind of flat for a decade) I won’t say I saw dc’s crash coming but it seemed so unnatural to me having grown up in the area, I also don’t think we’ve seen close to the bottom as far as urban real estate, as you said you can still trade a house in the city for one in the burbs but really given how urban living is + remote works, cities should be significantly less than an equivalent burb.

22 June 2024 | 7 replies
As far as moving out to maximize cash flow, I would first focus on your property that you are in now.

22 June 2024 | 14 replies
Follow what is going on in the local landscape as far as laws are concerned.

21 June 2024 | 7 replies
view=publicIt's a 3 bed 2 bath house, almost 100 years old, and the seller made a bunch of updates to the house (fixed roofing, foundation, re-ran electrical wiring, redid flooring, and interior paint) prior to me moving in.So far, I've added a dishwasher to the place, and here are my thoughts as far as other "value adds" go, but I don't want to invest the money if you guys and gals don't think there's much opportunity for a return on it...
23 June 2024 | 25 replies
Many realtors still don't know what wholesaling is so they have no idea that closing isn't being delayed but it won't happen unless the wholesaler finds a buyer.- About the DNC list, very few wholesalers respect this.