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5 January 2025 | 17 replies
That data would be sales price after remodel (the true numbers some agents really don't have the experience to be comping the property), the days on market you will experience (this is great info because you want to recycle the money quickly), and resources to sell the place fast not slowly which you do not want this because this could put your holding costs extremely high and push the property to little profit or no profit.
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5 January 2025 | 24 replies
A new ADU will cost over 120k to build and will not be appraised close to that from my experience and many other investors I’ve spoken with.
6 January 2025 | 1 reply
Many investors are willing to share their experiences, especially if you come from a place of curiosity and respect for their time.
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3 January 2025 | 5 replies
Typically in my experience EVERYONE is happy to help.
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3 January 2025 | 6 replies
@Kenneth Jenkins you forgot to mention owners that expect a PMC to use contractors off Craigslist that are unlicensed, NOT insured and rarely have acceptable experience/skill - but, they quote the "best" price.These same owners will sue a PMC if using these types of contractors results in a tenant lawsuit.
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2 January 2025 | 8 replies
Currently, we are targeting multifamily properties of 100+ units, and have been actively engaging with various owners and brokers, submitting Letters of Intent (LOIs) and working to secure deals.While some may consider our approach bold for new investors, we are confident that, with the right team and expertise, we can succeed in achieving our objectives.I’m excited to be part of this community and look forward to learning from your collective experience.
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5 January 2025 | 18 replies
It would be a rare new RE investor that could hope to have taken on this project without partners with experience.My point is investors in different stages of life and experience have different criteria for their RE investments.
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6 January 2025 | 1 reply
I'm wondering if anyone has had experience with a similar situation to mine and or has any advice.I'm looking to buy a triplex as well as a single family home that is on one parcel, so 4 total units.
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12 January 2025 | 28 replies
Please share your experience with me Chandra
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5 January 2025 | 2 replies
Looking forward to sharing my journey and learning from your experiences.