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7 June 2024 | 9 replies
G'Day guys,Lately, I've been super duper pissed off with our investors that I decided to keep all of the deals for myself 🤷♂️I've always preached that there is not a single deal that we sell that I wouldn't be willing to keep for myself.So there's that lolJust picked up a 6 unit which us humble Ohio folk would consider an A class area (Sorry East and West Coasts as our A class is your Z Class lol)$160,000 purchase price$50,000 rehabCurrent rents are $3,000 per monthOptimized rents will be $4,000 per month.BPO before purchase $220,000 - $250,000ARV $350,000ARV with interest rates at 6% potentially $400,000+Cashflow = S#%$ load $$$Granted, it took 4 months to get the contract signed and we had to go to McDonalds 4 times to meet with the seller so sign each page individually single time lolYep, it was one of those.All in all, great deal and they are definitely out there.Working on another one now that will be converted into a duplex and is located in a top notch school district.Somehow picked this one up for $20,000 and needs $45,000 in rehab.ARV is $110,000 conservatively Combined rents will be $1,300pm.Ohhh yeah, almost forgot.Also, picked up a SFH from a wholesaler believe it or not for $20,000 that after inspection needs around $15,000 in rehab.ARV all day long is $80,000.Says WHO there aren't any good deals???
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8 June 2024 | 2 replies
And if the sky does fall and this debt crunch materializes (bear), and I help the buyer who picks up that hotel on the cheap, that works for me too.
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10 June 2024 | 18 replies
Information overload mate heheBeen based in Dallas for 5 months now and haven't attended anythingToo busy in Ohio lolBut would love to attend some of these and learn more about what others are doing here locally.If you could pick 2, which one's would they be?
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7 June 2024 | 8 replies
That will accomplish two things: first, you'll know the tenant is gone because they took the electric out of their name, and second you won't have a turned-off refrigerator growing smelly bacteria experiments.As for the current problem, assuming your area picks up trash weekly, do just like @Theresa Harris said - wait until the day before trash pick up day, double bag everything, then clean the fridge.
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7 June 2024 | 9 replies
These steps are learning, looking at the market, getting your money ready, picking your plan, getting a team, finding a place, checking it out, making an offer, and handling your investment.
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8 June 2024 | 11 replies
If your home is in a solid area and you can hold onto it while having even some cash flow, I would usually pick that option.From the experience I have seen with my dad and holding properties long term and conversations I've have with older investors is that if you hold onto RE, you will usually be happy you did so.Most investors say: I never really regretted buying, but I have regretted selling.
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7 June 2024 | 5 replies
Do you even have a property picked out?
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7 June 2024 | 17 replies
Then, I'd invite family and friends to come over and pick out anything they'd like.
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8 June 2024 | 1 reply
I've heard of mentees who started cleaning up construction areas on a flip at the end of each work day or picking up supplies at Home Depot and delivering them to the job site.
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4 June 2024 | 23 replies
That seems like a pretty significant time commitment to shop around, pick up machines, drop them off, etc.