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29 April 2018 | 9 replies
And a value-add could be something like an ADU -- or something much smaller like a remodel or addition?
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29 April 2018 | 5 replies
What made my deal work was that the house and four-plex were located on the same lot (one purchase), they we largely remodeled shortly before the sale, it was off-market, and sellers were urgent about selling quickly.
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30 March 2019 | 8 replies
There are already statutes and regulations regarding fraud and deception in real estate transactions.Educating people who want to be educated is fine, but if a governing body restricts the pool of ready and willing buyers, more properties will go to foreclosure and sit on the market longer.Real estate investors perform a vital function in every jurisdiction: putting properties back on the market, in good condition.Many of the properties they buy could never pass conventional lender's inspection because they typically require tens of thousands of dollars in repairs that most homeowners do not have or cannot do themselves.Additionally, many real estate investors near metropolitan centers can access almost an unlimited pool of funding to buy and remodel properties if the numbers work.From contract to close, the time can be in as little as 3-4 business days.The delay is mostly waiting on title companies.So when flippers mail letters and post cards to owners saying they can "close quick" and "all cash", that is a fact, not fraud.Of course, realtors will recommend you list your property – that's how they make money – so they are self-interested, which makes the report biased.Maybe next time you can have a "flipper" on you show for balanced reporting.The idea of anyone feeling "pressured" by getting a post card or flyer is ludicrous.If the homeowner doesn't want to sell, the solution is to throw them away.But the idea of "there ought to be a law" is equally ludicrous.If there are bad actors committing fraud, the answer is to enforce the laws already on the books.Out of all the properties posted for sale every 1st Tuesday of the month at the trustee's sale, a very large percentage never make it because they are bought by the very flippers you disparaged.If not for the real estate investing community, cities around the country would look much, much worse.My biggest complaint with your report is that you completely failed to get the rest of the story.Your editor needs address this."
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30 April 2018 | 1 reply
Remember to let them know the end use (owner occupied, fully rented), and the details of the project (ie. gut remodel, move in ready, etc.) .
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9 May 2018 | 13 replies
The Speaker did a Good Job but then once he talked about the cost & fees & stuff saying people can pay $197 to stay & continue getting educated it went down hill, then started showing interior decorating of a kitchen that was remodeled & i just was like "wow lol".
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2 May 2018 | 1 reply
Hey guys, I am about to begin remodeling a duplex.
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30 April 2018 | 0 replies
(Preferably one that does not take 7 months to remodel a kitchen.)
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17 May 2018 | 3 replies
The remodel will include removing load bearing walls, remodeling a kitchen, installing a shower in the master bath, carpeting the basement, refinishing the wooden floors, and finishing a roughed in bathroom in the basement.
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9 May 2018 | 5 replies
After remodeling I hope to tap into the forced equity to fund other projects and also rent or sell when I move away in a few years.
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2 May 2018 | 5 replies
No need to reinvent the wheel.With that being said, Samsung isn't a brand I consider for a high end remodel.