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22 December 2024 | 4 replies
I currently live in Southern Maine and am looking to construct some kind of new project rather getting into rehabbing existing residentialProposed Land Budget 100-200kConstruction Budget: 400kAll in 500-600k.I have found that if I do the site work myself including clearing, septic and digging the foundation is that i can sub contract out either steel or a Lester style building (50x150) for around 300k installed with insulation and power , divided into three 2500 square foot units.
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24 December 2024 | 4 replies
Finding it through your Facebook sphere shows the power of networking, and keeping the rehab cosmetic was a smart way to minimize risk and maximize profit.One thought: Have you factored in holding costs, loan interest, and potential market fluctuations during the 45 days?
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23 December 2024 | 1 reply
I may not have resources today, but I bring something just as powerful: the willingness to outwork, outlearn, and outlast anyone else in the room.Here’s what I’m focused on:✅ Learning from experienced investors.✅ Building strong relationships and partnerships.✅ Exploring creative ways to get deals done, even without a ton of upfront capital.I know that success in real estate is a team sport.
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12 January 2025 | 185 replies
Lot's of power potential that can go horrifically wrong real fast mishandled.
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21 December 2024 | 2 replies
Separate HVAC systems are a good idea too—makes things easier for tenants and utility billing.I’d also recommend talking to a contractor or local utility company about what’s needed for separate power meters and mailboxes.
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24 December 2024 | 3 replies
Some investors buy land in cash or with short-term financing, then refinance it later when they’re ready to build.Lastly, don’t underestimate the power of networking.
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27 December 2024 | 12 replies
I guess my problem with being too up front about seeing their place is that I don't feel like I'm in a position of power right now to decline people since it's hard enough to find people that I want to even get to that point in the application process in the first place, but I have to snap out of that mindset and have to instead come from a place where I make them believe that I have a lot of other applicants and that it's my standard policy and it's something they'll have to go through if they want my place.....ESPECIALLY if I decide to only take 1st & security from them rather than 1st/last/security.Thanks again!
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30 December 2024 | 103 replies
With that capital, I’m planning to either dive into a larger multifamily project in Detroit or grab a small duplex or quad in San Francisco.To reach that $500k mark, I’m leaning on the power of cash-out refinancing.
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31 December 2024 | 22 replies
A very in trusive law, that doesn't accomplish much exept gives this obscure agency a lot of power.
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6 January 2025 | 25 replies
That's direction I'd advise exploring, not how to do it all yourself as an island, but as a facilitating power.