Jerry Zhang
What's you closing proccess
21 November 2024 | 1 reply
Hi,I'm trying to improve my close rate as a multifamily investor and wanted to gather some insight on what others have for their closing process from start to finish.
Jonathan Greene
The Top 5 Ways I See New Investors Lose Money On Their First Flip or BRRRR
19 November 2024 | 24 replies
Then, give the GC or (Tile Contractor), enough to buy the tile only...after they are completely finished, then pay them the balance due on the tile ....only.
Brad Kroepfl
Ryan Dossey CFF Program
9 November 2024 | 17 replies
Currently finishing up a house hack and am going to be transitioning to building my rental portfolio.
Mic Salvador
New Here :)
15 November 2024 | 15 replies
I just finished Brandon Turner’s Investing in Real Estate With No Money Down and learned a ton, so I’m open to creative financing ideas too!
Roger Garner
How to find good general contractors
20 November 2024 | 13 replies
Attention to detail is a big one for me, make sure when they wrap up jobs they do the right work and finish the job clean without having a ton of stuff missing
Luis Maza
Real wholesalers - or hype pricing - my numbers are not adding up - dilemma
15 November 2024 | 15 replies
Quote from @Luis Maza: Hi all, returning to the game this year and would like to pick your brain a bit, we started working with a wholesaler that will send us properties here and there with the "wholesale" price, but every time we check the properties and add the numbers, the margins are, well, I am not sure, too low perhaps, maybe we are getting to picky, but this is my dilemma for example...Today we got a property, wholesale price 300K, rehab about 50-60K, ARV is about 440k, but with the cost of hard money, we have about 100k cash, hard money interest at 11%, keeping the property for 90 days while we finish the rehab, closing costs, commissions, we ended with 30k profit before taxes, while it sounds appealing, adding up all expenses and cost we ended up expending 50K on rehab(labor/materials) and about 50-60K with cost of the loan, interest, commissions, etc, everyone makes money, happy with that, but it seems that we are working to produce a 100k for everyone else, while we make 20-30k if everything goes well...In my opinion, we are not really getting "wholesale" price, it seems that we either buying to expensive, rehabs are much more than we would like to spend and the cost of borrowing that money is too high...We came up with thoughts as: lets fund it ourselves with money from a close friend/partner that we will bring in, and that would save us 10-15k here and there, but still, is that the norm now?
Julie Muse
Meadowbrook Drive Transformation: Partner Driven's Success in Huntsville, AL!
26 November 2024 | 1 reply
By leveraging strategic financing, we ensured all costs—from acquisition to renovations—were covered, enabling a smooth and efficient process from start to finish.
Alec Jacobs
How nice should a rental's basement be?
13 November 2024 | 4 replies
A nice looking finished basement will go south real quick with moisture and your tenant will soon be displeased (rightfully so) about the nice basement they initially thought they had.See what the market is doing, but also consider what your specific property factors are.
Nathen Strife
House Hacking - Single Family w/ Finished Basement
18 October 2024 | 2 replies
Properties are single family units with finished or un-finished basements (looking to do some renovations myself) 2-3 year plan is to live in the property and rent one unit out.
Brett Jurgens
Value-add Improvement IRR Expectations in SFR / BTR?
14 November 2024 | 0 replies
I’m trying to get a better understanding of the unlevered IRR hurdles SFR / BTR investors have for value-add improvements.By "value-add improvements" I’m referring to upgrades made to a property that increase rent or purchase value, often including kitchen remodels, bathroom updates, solar and other energy efficiency improvements, fresh paint, a new garage door, finishing a basement, adding a deck, and updating flooring, to name a few.I’ve been hearing a lot of different reactions to this question the last few months.