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14 November 2024 | 0 replies
I’m trying to get a better understanding of the unlevered IRR hurdles SFR / BTR investors have for value-add improvements.By "value-add improvements" I’m referring to upgrades made to a property that increase rent or purchase value, often including kitchen remodels, bathroom updates, solar and other energy efficiency improvements, fresh paint, a new garage door, finishing a basement, adding a deck, and updating flooring, to name a few.I’ve been hearing a lot of different reactions to this question the last few months.
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19 November 2024 | 7 replies
For example she starts dating a carpenter or a handyman type (or even worse a wannabe carpenter or handyman) who moves in and does work on the home and claims they should have equity too for making those improvements.
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22 November 2024 | 7 replies
I also think micromarketing is best for newer investors.Some things to addTailoring your lists - like focusing on absentee owners, properties with long-term ownership, or pre-foreclosures—can improve your response rate.Consistency - It’s rare to get responses from a single mailer.
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21 November 2024 | 1 reply
Hi,I'm trying to improve my close rate as a multifamily investor and wanted to gather some insight on what others have for their closing process from start to finish.
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25 November 2024 | 6 replies
Most often the application process takes longer because previous landlords do not respond in a timely manner, jobs verification doesn't respond in a timely manner, and the tenant doesn't provide the necessary documentation.
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25 November 2024 | 2 replies
Even if every Concrete crew was "legal", wages would pull them to other low paid laborer jobs such as landscaping, house framing, meat packing, etc, causing wages and cost to go up for new Self Storage Construction, let alone availability.Security Systems- yep sourced overseas, China.Interest rates going lower, but I expect Inflation to go higher.
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21 November 2024 | 3 replies
Your "buy in" funds could potentially be used for improvements to the other properties you mentioned, without triggering a taxable event.
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24 November 2024 | 1 reply
This would be purchased as a primary home and then probably turn into a secondary home as their job would probably require a move over the years.
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22 November 2024 | 14 replies
Listen to @Tanner Lewis in a nutshell.The best thing you said was this - " I do not want ALL my income to be reliant on my day job."
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21 November 2024 | 0 replies
With strategic updates and market insight, this property became a highly desirable investment, showcasing the power of effective collaboration and value-driven improvements.