30 September 2016 | 11 replies
I pick it up, place it in the back of the truck and ratchet strap it in place. 5 min later while driving down a straight, smooth road the oven (still strapped in) falls over and the glass bust out of the door.
4 October 2016 | 4 replies
Hey Marcus,I have two rental properties in New London and I am trying to sell my first flip in North Stonington.Let me know if you have any questions and I can try to help you out,Mat
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28 August 2016 | 12 replies
It also have a duplex on the property that could be renovated and a building for a laundry mat that is not in use.
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9 September 2016 | 2 replies
@Mat Deveaney - I took a look at the posting but didn't see any information on income of the units, what utilities are paid by the owner, etc.
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1 September 2016 | 4 replies
I surmise his flooring are getting grinding with grit from shoes and traffic...With asphalt and good matting I have some laminates holding up 5-7 years plus.
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8 September 2016 | 10 replies
although if you can move in an out really really quick that can mitigate.when I ran my HML in PDX the guys I saw pay the most were the smaller rehab contractors who were basically buying a job.. they figured if they could make wages plus a profit.. they would take on skinnier deals.... those deals would not work for an investor who does not strap on a tool belt.
2 September 2017 | 9 replies
Having people do those things can free you up to focus on what you do best and what gives you the greatest financial return per hour.If you are starting out with very little money then you generally have to look at doing things yourself and boot strapping until you can build enough capital to invest and grow your business.I will give you a case in point.
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6 September 2017 | 12 replies
The 3 unit building I have barely gets any use out of the coin op....then again there's a laundry mat 100 yards away, so I figured I'd bring this to the forum!
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7 September 2017 | 2 replies
hi,relatively new to the game. i have a property with good potential in an area i think will appreciate well. in my current situation, i am not strapped for cash and can save 7-8k month for real estate purposes alone with my current job. this will be by first SFR and goal is to have at least 12% COCROI and have a minimum of $150+ using the 50% rule. im more or less in it for the long term game and want to retire with a rental portfolio that can supplement my income within the next 10 years. here are the two scenarios for the following property:property: $65krehab costs: $10kclosing costs: $3,200wholesaler costs: $2,500i plan to put 20% down on a 30 year fixed loan at around 4.8%Scenario 1:I cover out of pocket for rehab and wholesaler costs as well as downpayment + closing costsProperty: $65kRehab: $10kWholesaler costs: $2,500k Downpayment: $13,000kClosing costs: $3,200Total cash needed: $28, 710COCROI: 12%Monthly cash flow: $28850% rule: $313Scenario 2:I finance the rehab and wholesaler costs through my bank.