Benjamin Weinhart
Question on Treatment of 1.263(a)-(f)(6) With Self-Renovations
22 April 2024 | 2 replies
I think the rule was more meant for manufacturing/machine shops given a few of the examples in the regulation.
Kristen Haynes
Shat's happening with home sales, interest rates and the overall housing market, nati
21 April 2024 | 1 reply
On top of that, a growing job market may offer some rosier prospects for more sales.Existing-home sales dropped 4.3% in March compared to the previous month and are nearly 4% lower than a year ago, the National Association of REALTORS® reported Thursday.
Luke Masaschi
Air Fresheners and Issues
21 April 2024 | 7 replies
Maybe keep an ozone machine running?
Jonathan Greene
4 Tips for Landlords - Which of these are you using and which are you going to use?
21 April 2024 | 17 replies
Exterior upkeep is essentialHave enough machines for laundry timeslots to not matter, but great idea!
Kingsley Michel
Places to invest in/around Detroit
21 April 2024 | 11 replies
I've sold properties to investors who hold portfolios and for lack of better word the properties are all trash and then I've dealt with some who have a well-oiled machine.
Tyler Haanen
Exterior Door and Storm Door Cost
19 April 2024 | 1 reply
Labor should be about one full day for a handyman to pick up and install both doors, that's about $300.Here is our default selection from Menards:Mastercraft® 36"W x 80"H White Smooth Fiberglass 6-Panel Exterior Door System - Right InswingModel Number: 4140430 Menards ® SKU: 4140430 $249LARSON® Lincoln 36" x 80" White Midview Storm DoorModel Number: 69018032M Menards ® SKU: 4154231$140We may opt for a nicer-looking full-view storm door for the front side of a nice home, about $300.
Douglas Skipworth
Do you track your net worth?
22 April 2024 | 39 replies
That may sound pretty good...until you discover that their net worth is decreasing at a rate of $2 million per year, and they've got $100 mil of adjustable rate debt on a portfolio of D class properties that forces them to work 80+ hours per week just to keep the whole thing afloat...Investor B tells you "my net worth is $1 mil" --to many successful investors, that sounds like a relatively insignificant net worth...but, investor B owns a portfolio of A class properties with zero debt, professionally managed, their cashflow is $500k per year, their net worth is increasing at a rate of $1 mil per year, and they only have to work about 1-2 hours per week to keep their machine going.Personally, I'd MUCH rather be investor B than investor A, even though investor A's net worth is 10x of investor B's.So yeah, tracking net worth is advisable, but it's only a small part of what an investor should be tracking and modeling, and net worth alone might not be very indicative of an investor's success.
Dylan J.
Off Market deal etiquette - agent representation
18 April 2024 | 11 replies
That’s my job, to represent my client’s best interests, negotiate to help them best achieve their goals, abiding by all the laws, Fair Housing and Code of Ethics along the way.If someone doesn’t want to sign an agreement with me, they are free to consider another Realtor® who has a different business model and practices, or even go forth unrepresented.
Adam Marx
ARV comps problem
19 April 2024 | 7 replies
Are you working with a Realtor® or a contractor, both can likely solve your problem as the agent will have access to more data and knowledge of how to run comps, the contractor will be able to give you a better idea of repair costs.