
7 July 2024 | 12 replies
I don't think it compares favorably to just hiring out the job when something breaks.

8 July 2024 | 13 replies
My rule of thumb w/ SEO is: - Break even or double my money in year 1.

7 July 2024 | 13 replies
can't you cancel it and hire someone to fix things when they break?

6 July 2024 | 2 replies
So we’d be breaking even or negative until we could refinance.

8 July 2024 | 42 replies
When my friend went to ask him during the break about that, since we did not know Tim Bratz and we certainly would not qualify qualify our 2 hour attendance as a "substantial relationship" with him, he was annoyed and his answer was: "Talk to Fadi back there.."

5 July 2024 | 2 replies
For example one big row of 15 units isn't optimal but if I want to break them up I would have to have 20' between blocks, which would kill yield.Instead of waiting for them to modernize their multi-family regs (at least a year out, maybe two) or sucking it up and living with the costs as things stand, I could instead do 5 "triplexes" of single-family + 2 ADUs and bypass some restrictions (only 5' setbacks between blocks, 1 parking space per ADU unit instead of 1.75, etc.).But I'm concerned that Seattle builders may quickly move away from this strategy as HB1110 will (in Seattle and many other larger cities/counties, but not mine) soon enable sixplex townhouses in pretty much all the areas where the condo-ized ADU strategy has been mushrooming.

5 July 2024 | 73 replies
Happy to send a screen shot of the break down to anyone who reaches out.

5 July 2024 | 5 replies
If the ADU you're proposing is the make-or-break between this deal penciling out or not, AND if it is pivotal for your plans that it be the height that you are planning, I would personally advise you to abandon this deal.

6 July 2024 | 8 replies
I believe that successfully navigating this initial investment will pave the way for future opportunities, whether in the same market or elsewhere.Living in New York City, I faced a challenging market ;)I chose Montgomery, Alabama.Here's my process:I compiled a list of states with favorable landlord laws.Using Brightinvestor, I identified cities within those states where the median home price falls below the national average ($420k).I excluded cities with negative income growth and rising unemployment rates.I focused on cities with strong appreciation rates over the past five years (over 10%).I compared price-to-rent ratios.I did break two rules: Montgomery has a slight decline in population, and its largest employers are an Air Force base and government agencies.One significant factor that influenced my decision was the promising price-to-rent ratio, suggesting potential for positive cash flow (though I remain cautious about appreciation).Regarding my acquisition strategy:I plan to employ the BRRR method with cash.

5 July 2024 | 4 replies
You're ability to manage is what will make or break this.