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8 April 2024 | 12 replies
It will not produce as many results with such a narrow target property, but it is another method to generate potential deals.
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7 April 2024 | 8 replies
Many agents will place the first applicant with the necessary funds, take their commission and leave you high & dry with a bad tenant.YOU SHOULD DO YOUR OWN SCREENINGS!
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8 April 2024 | 23 replies
I would venture into markets in the mid-west, build a solid foundation, and start doing the BRRRR method.
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8 April 2024 | 15 replies
Why MIS is so unpopular method to defer tax??
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7 April 2024 | 4 replies
In order to be able to repeat this process it seems like the BRRRR method is the way forward.
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6 April 2024 | 5 replies
I am a first time real estate investor looking the following property : https://www.redfin.com/OR/Forest-Grove/2418-Cedar-Cir-97116/...its a pretty large duplex in Forest Grove OR, the trick is though, its on a lot zoned for a 4 plex so I am lookinginto house hacking, converting into a triplex, then living in one unit while renting out the remaining two unitsThe left garage has been converted to living space, with a living room, half bath, a laundry room with a sink and some counters/cupboards and a bedroom, it is a part of what was an existing 3bd unitIf I were to acquire the asset, I would first attempt to convert that space into its own unit The line items as I see (be in mind, I am totally new to this) would be to >put up dry wall where the door to the rest of the house is,>add a shower to the half bathroom >install a water heater in the adjacent 3bd unit> install a kitchen in the laundry room, (stove , oven , sink, counter space)>add a shower to the half bath Assuming I can convert it to a 3plex, I could at-least cash flow on my investment after I leave My plan would be to put minimum down payment of 3.5% (FHA loan) that way I can have a decent amount of capital free to do the renovationsThe only concern is when I crunch the numbers to get my ROI, I have no idea how much its going to cost to convert the additional living space to a third unitAny experienced investors here know how I can estimate this before I try to make an offer?
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5 April 2024 | 1 reply
What are your best methods to deal with mice in your properties esp single fam?
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6 April 2024 | 7 replies
The combination of hot long summers (soil dries out) and lots of moisture in winter and spring (saturates the soil) causes the ground to constantly expand and contract.Out of state investors get freaked out by foundation issues but being that its such a normal occurrence, you have a plethora of foundation companies that know how to fix them with relative ease.
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7 April 2024 | 5 replies
Find Brandon's videos on YouTube for the "four square" method of analyzing homes and practice.