Cole Farrell
Starting with a SFR is a mistake - prove me wrong
5 December 2024 | 6 replies
Start with your primary, rent out any spare bedrooms "house hack"Use that to practice upgrades, kitchen, bathroom, curb appeal... etcNow you have experience as a landlord and flipper, use that to buy a distressed propertyAdd 40% equity to the property through home makeover, refinance into a low cost mortgageNow you are cashflowing a healthy margin on a second property, use that to build equity over time, cashout later and buy your duplex/quad.If it's going to take you 10 years to save up a down payment for a small apartment building, yeah it makes more sense to start growing your portfolio with cheap SFR flips instead.Every market is different, every borrower is different, every property is different, it would be ill-advised to recommend anything without recognizing the individual's nuanced goals and objectives with their next acquisition.
Quentin Lee
First Deal Advice
5 December 2024 | 5 replies
Look for properties with outdated kitchens or bathrooms, as these updates often yield high returns.
Justin Boyd
Opportunity to buy an old bank
3 December 2024 | 5 replies
The upstairs is approved for short-term and long-term rentals and has a kitchen, bathroom, and a Victorian room that could be a bedroom.Notes:-There are three vaults, one on each floor.
Henry Lazerow
How to cashflow on northside - Know the actual market rents!
3 December 2024 | 5 replies
I usually recommend clients a pretty easy cosmetic rehab which is refinish floors, replace cabinets with modern white ones, add a white stone, new appliances, new bathroom vanity/mirror/light fixture and add in unit laundry.
Tanner Martillo
Seeking Advice on Potential Short-Term Rental Investment in Cincinnati, OH
1 December 2024 | 3 replies
: I noticed a lot of similar properties (4-bedroom, 3-bathroom) were purchased as fix-and-flips for around $150k, but they’re now being listed at $450k.
Eli Ling
my apartment below, has a leak on the ceiling but
29 November 2024 | 18 replies
I’ve explained that I couldn’t find any leak originating from my bathroom and requested that they let me know if the leak happens again so I can investigate further.Their response was:"This happened on Monday, and it appears to have stopped.
Ramada Evans
Need help w/numbers
5 December 2024 | 48 replies
@Ramada Evans yes that is all on you....you can go directly on airbnb/vrbo and do a search by the enemy method for houses that are similar to yours in size and bedroom/bathroom.
Kyle Kline
How do you fund property repairs/expenses if you are “investing for equity”?
13 December 2024 | 35 replies
Can you use the vacancy and cash flow funds to make CapEx improvements like adding a room/bathroom, a second unit, etc and thus not pay taxes on that money for the time being?
Alex Collins
2025 1st Quarter 1st REI!!!
4 December 2024 | 9 replies
In these early stages of learning and developing as an investor, I'm primarily focused on properties that may require the following: paint, flooring, bathroom/kitchen remodel, drywall, light fixtures, exterior landscaping, siding, or new HVAC.
Tika Sanyasi
When Buying A Condo what to ask? (Need Advice)
2 December 2024 | 4 replies
Hi, I am looking to buy my first investment property and need advice on what questions should I ask the listing agent.First let me give you background information on the property, Bedrooms- 4, Bathroom- 2, Build- 1994, is listed as a condo.