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23 November 2024 | 38 replies
In addition, doing fewer deals than that will most likely mean that they don't have a legit team of pros to back you- PM, GC, Plumber, lender, etc- if they aren't feeding them constant business, those contractors won't drop their current jobs to help you in an emergency.
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16 November 2024 | 11 replies
Guys, any sites or lists to find an SBA loan broker to help me with the possible purchase of a business?
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18 November 2024 | 8 replies
If you decide to go this route, you could inform the tenants that they will be responsible for a separate monthly utilities charge in addition to their rent.
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15 November 2024 | 1 reply
Do they charge any fees in addition to their asking price for properties?
15 November 2024 | 4 replies
Here’s the quick-and-dirty lowdown to get you started:1️⃣ Where to Look:LoopNet & Crexi: Good for commercial deals, though the best ones go fast.MLS (Multiple Listing Service): Access through a realtor for hidden gems.Auction Sites: Think Auction.com or HUD homes for distressed properties.Direct Mail Campaigns: Target landlords with older properties (especially those with code violations).2️⃣ Systems for Finding Deals (Step-by-Step):Set Your Criteria: Market, budget, unit count, rehab level.Build a Deal Funnel: Use LoopNet, Crexi, wholesalers, auctions, and brokers.Analyze Quickly: Use a property calculator to see if it cash flows.Direct Outreach: Contact sellers or property managers directly.Get Your Network Tight: Property managers, realtors, contractors—they’ll drop the best leads.3️⃣ What Makes a Good Deal:Cash Flow Positive from Day 1.Below Market Value (usually needs rehab).Upside Potential: Think rent increases, better management, or refinancing options.4️⃣ How to Become the Better/Best:Study the Market Like a Hawk.
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16 November 2024 | 6 replies
Additionally, the price was initially listed at $795,000 and is now down to $645,000.
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15 November 2024 | 16 replies
What do you mean by the additional $18/sq design fee was not included?
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15 November 2024 | 8 replies
Also make sure your GC and all subs list you as additional insured on their policies.
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14 November 2024 | 13 replies
ADUs additions in single family zoned areas add less value than the hands off cost of the ADU addition.
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19 November 2024 | 12 replies
Do you intend to purchase additional properties?