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28 January 2025 | 3 replies
I would love to get the name of some of your contractors.
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5 February 2025 | 2 replies
ALWAYS ensure the contractor walks the property with you or the realtor and a CLEAR scope of work is defined.
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29 January 2025 | 15 replies
I'm a contractor based in Maryland and DC, so the renovation aspect is well within my expertise, having done numerous projects for other developers and general contractors.However, I'm facing a challenge when it comes to choosing the interior design elements, such as bathroom tiles, colors, sizes, fixtures, etc.
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21 January 2025 | 2 replies
You will also need to vet out contractors in the area to ensure you that they can stay on top of your project and will do what they say.
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27 January 2025 | 3 replies
Here are a few to watch out for:Property Condition: Most distressed properties need extensive repairs or renovations, which add to your initial investment.Competitive Market: With Phoenix's popularity among investors, competition for the best deals can be intense.Complex Deals: Foreclosures, auctions, or short sales are much more complicated compared to regular real estate transactions and usually require specialized knowledge.Tips to Successfully Navigate the MarketDo Your Research: Understand the local market conditions, including neighborhood trends, property values, and potential rental income.Build a Strong Network: Work with professionals who specialize in distressed properties-such as brokers, contractors, and legal experts-to make the best decisions.Assess Costs Carefully: Factor in the cost of repairs, holding costs, and any potential financing issues when evaluating a property’s profitability.Be Patient: Finding the right distressed property takes time.
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11 February 2025 | 22 replies
Sourcing reputable contractors via your network 2.
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6 January 2025 | 3 replies
A year ago I recently purchased my first multi family to house hack and I rant into a issue when the seller paid for a electrical upgrade to the home.
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24 January 2025 | 2 replies
Having a solid team around you like agent, lender, contractors etc.
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19 January 2025 | 6 replies
If they are, I would pay them off first.I would invest in a different market(likely bigger market) where you can find reliable contractors or find a PM that will be able to manage the properties.
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10 February 2025 | 3 replies
@James Enyeart best option is the one giving you the most control.So, see who consider a land contract or lease-to-own.