Iliya Muzychuk
AI & GPTs in Deal Review & Underwriting
19 January 2024 | 17 replies
Coming from an architectural background, I now use Midjourney to create a visualization for potential development/remodeling of properties, ChatGPT for reading/writing and Analytics, and sometimes Github's co-pilot to create custom code for my workflows.
Luke Cionci
My First Deal
18 January 2024 | 0 replies
The seller agreed to have the engineer come out but only to do a visual inspection, not a full inspection where they drill a small hole into the house and use a camera to actually see the structural integrity of the home.
Alex Lee
How strict are building codes?
17 January 2024 | 24 replies
(Some towns also have an Architectural Review Board that reviews the plans to help insure that no one builds some monstrosity that detracts from the visual beauty of the neighborhood, or something.)
Nick Pitre
CRM for wholesaling
16 January 2024 | 15 replies
Really easy to visualize deals through the system and you can automate everything you don't want to do yourself
Leo R.
Are you using projection models? (Here's why you should)
16 January 2024 | 16 replies
Here's my fix and flip model (which 'Projects' my return should the terminal-value change upon delivering the product to market, allowing me to better visualize the risk of the deal):And here's my MF hold/flip model (just shows me the key-metrics at today's values so I can ensure I'm offering at a price which suits our desired return thresholds upon sale or hold):In my MF model, there is a 'Months held before Sale' that will increase the NOI by 3% every 12 months, but that is the only 'Projection' in this model, and I practically never use it:For projecting if a market (and respective deal) is good, I have to look at market-analysis data metrics (absorption, $/sf, rents, etc, all over time, so you can see if something is peaking or undervalued).
Nancy Griffis
Hello from Los Angeles!
7 October 2016 | 6 replies
He is invaluable advice, free resources and payed.http://www.themichaelblank.com/session42/ this is great podcast to get started and allows you to visualize attaining something in a relatively short time period.
Leland S.
How much to put into rehab?
24 September 2016 | 23 replies
I'm not sure if any of that info (sqft, bed/bath) is tied to the title or anything or if the realtors just create the MLS listing based on the visual of the house having 2 bath.
Kate J.
Design ideas for townhouse needed.
12 December 2016 | 14 replies
If the flooring is outdated, replace it with a nice tile... a simple truck to visually enlarge a smaller bath is use a large tile, 16"x16" or 24"x 24", lay them on a bias and use very tight grout lines.Now, the stairway doesn't look bad the way it is, but the baluster and railing look a little cheap, like something you might see on an outdoor deck.
Marcin Chojnacki
Most investors walked...$70,000+ PROFIT!!!
23 September 2016 | 15 replies
A lot of new drywall, plumbing, electrical, sub floors were added/replaced to kitchen, new windows, siding/gutters/fascia/soffits, flooring (much of home had original hardwood), plus all the visuals you see on photos (cabinets, granite, trim, etc).
Account Closed
What kind of rehab would you do while using the BRRRR strategy?
21 September 2016 | 5 replies
Make sure the kitchen and baths are in good/excellent shape and visually pleasing.