Richard Bautista
Would like to connect with a team based in Cleveland Ohio
12 January 2025 | 5 replies
Check out The Ultimate Guide to Grading Cleveland Neighborhoods to get a firm grasp on why that is.
Rick Im
Discrepancies with public records
28 December 2024 | 4 replies
Possibly if the house is 3,000sf with the basement and the comps are 3,000sf above grade.
Benjamin Carver
Building an ADU in Raleigh NC: Here's What You Need to Know
6 January 2025 | 8 replies
And as investors we should know this, but always anticipate higher costs and longer waits.EXAMPLE Breakdown of Costs:Plan Purchase: $1,500Permitting Fees: $2,500-7,500Site Preparation (grading, utilities, foundation): $20,000–$30,000ADUs require separate utility connections for water, electricity, and sewer but you can tap into existing utilities at the primary houseIn Raleigh you CANNOT split lots fee simple, so setting up completely separate utilities would not allow you to section off the ADU as of nowYour ADU must be on a permanent foundation (no wheels, no ability to move the structure)Construction (labor and materials): $100,000–$150,000Low-grade: $150–$180/sq ft averageMid-grade: $180–$220/sq ft averageHigh-end: $220–$250/sq ft averageLandscaping/Finishing Touches: $5,000Total Estimated Cost: $125,000–$200,000You could easily spend $200k+ with super end high finishes, custom designs, complicated sitework, adding a second story or more sqft, etc.
Brad Roche
FHA 203(k) vs. Fannie Mae Homestyle Renovation Loan
13 January 2025 | 5 replies
., grading, tree removal, adding walkways)Non-Acceptable Renovations:-Luxury Items-Commercial Use-Temporary Structures-Non-Residential BuildingsBoth of these renovation loans are similar in many ways, but the key differences are:1.
Charlie Green
Checklist for Rehab?
16 January 2025 | 2 replies
We can guesstimate a small bathroom to cost us $3,000, and a larger bathroom to cost of $6-7,000 with b-c grade consumer finishes and such... but my suggestion at the end of the day is to add 20% to your best guess rehab budget because very rarely does the price ever go down.Can you see how it's relatively impossible to get within $1,000?
Roni Williams
Roofstock does not care about it's buyers or sellers it seems
26 December 2024 | 5 replies
They are billed as "a scientific approach to single-family rentals" and use "institutional grade property management," which usually means they are a tech company in real estate and likely either don't have the existing property management relationships in each area or you chose an area where they don't have enough units through Roofstock for the PM they chose to care.
Mitchell Rosenberg
Tips for Finding Affordable Properties with High Rent Potential?
9 January 2025 | 8 replies
I am happy to send you my neighborhood grade map to help you get started.
Tuan Tran
Section 8 Fort Wayne, IN
15 January 2025 | 7 replies
HUD targets average rents for an area, so just like average school grades, this typically translates to Class C property rents.In our Metro Detroit market, the MAJORITY of the claims about getting higher than market rents can be traced to a Class D Neighborhood/Property.
Chris Summons
Contracts for Sub Contractors to Sign
14 January 2025 | 4 replies
., brands, grades).Referenced drawings or blueprints.Agreed working hours (e.g., 8 AM–5 PM, Mon–Fri due to HOA rules).The clearer your scope, the fewer misunderstandings you’ll face.Signatures:Always have the subcontractor sign first, then you sign.
Elizabeth Orth-He
How do you handle STR laundry for larger properties?
26 December 2024 | 9 replies
Honestly, upgrading to a commercial-grade stackable setup like Speed Queen or Maytag might be your best bet.