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2 January 2025 | 3 replies
The current tenant was already in place when I purchased the building, and their lease is set to expire in a few months.
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2 January 2025 | 2 replies
I spent a decade in advertising, before founding and running a custom wood shop for another decade, so 'm pretty good at the self-promotion.I agree with you that the more gorilla approach would be most effective and that's actually what i've been doing – calling RE agents in my service area with active listings, introducing myself to property managers and leasing agents...To answer your question, I will have to handle the work myself for 6-12 months to build out the SOPs and field service management systems, but I have a lot of relationships for those looking to "do the work".I'll check out the meet up and would love to grab a cup of coffee, I'll shoot you an email.
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2 January 2025 | 12 replies
Focus on price versus competition and your weekly and monthly discounts.
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23 December 2024 | 3 replies
They charge 300 something a year for the membership.
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30 December 2024 | 1 reply
Financial Highlights•Acquisition Price: $72,000•Renovation Costs: $35,600•Total Investment: $107,600•Funds: raised from personal savings and private lender•Appraised Value: $160,700•Monthly Rent: $2,150•Cash-Out Refinance: $3,200 after paying off private lender and myself•Rate and Term Refinance: 30 yr amortization, 7.25% interest, 70% LTV•DSCR: 1.45% Lessons learned?
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30 December 2024 | 5 replies
Quote from @Devin James: Quote from @Dominic Mazzarella: Quote from @Devin James: Everything went wrong with this investment: - Took 4 months longer than expected - Cost $10K more to build than we anticipated - Sold for $20K less than we anticipatedWe still profited with a 30% return on equityThis is why I love Real Estate InvestingWhen you do your diligence and stay conservative with your numbers, it takes something really bad to lose money.Here was the original post:My siblings and I are building a home in North Port, FL.Here are the numbers: - Finished Home Value: $412Kish - Land Cost: $19,750.39 - Construction & Permitting Costs: $304,897Additional costs: - Environmental Site Assessment - General Liability Insurance - Builders Risk Insurance - Construction FinancingWe will be listing the home this weekPhotos coming soon!!
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26 December 2024 | 9 replies
For an extra charge, the cleaners may be willing to do with laundry at their home, although I did this once and had mixed results.
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24 December 2024 | 3 replies
The reality is the opposite - if it's not in writing then the PMC doesn't have to provide the service or can charge extra for it!
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3 January 2025 | 8 replies
Apparantly that didn't work out for them either as they sold all their properties a couple of months later.
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30 December 2024 | 8 replies
Monthly pre-tax income for household (minimum $5000)7.)