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26 January 2025 | 2 replies
Every property that is on this street has cans and will try to have these done the same way for these MH.Currently there is a 1998 and 2001 year built MH on the property.
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31 January 2025 | 44 replies
While I would have built $150,000 in equity, the cash flow simply doesn’t work.Now, let’s compare this to the market conditions when BRRRR was highly promoted (pre-2020).Interest Rate: 4.75%Monthly Payment: $3,057/monthRent: $3,600/monthIn this scenario, I’d be making over $500/month with $23,000 left in the deal, resulting in a gross 26% cash-on-cash return—an excellent deal.As you can see, rates and prices play a critical role in the viability of the BRRRR strategy.
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12 January 2025 | 8 replies
With that being said, in a worst case scenario, you can always hire a property management company to handle the day to day items if it comes to that.
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29 January 2025 | 3 replies
It's just unfortunate you were not notified to get the plumbers out sooner or the PM did not communicate not to leave the faucets off but ultimately if they were left off you likely would have had pressure built up and pipes burst (especially if they lines weren't all PEX) so the root issue of not having heating water lines still was the issue.
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21 January 2025 | 4 replies
Illinois--Single family house 360k asking- built-1920s-told that it will need repairs.
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15 January 2025 | 1 reply
In The Tampa Bay Area local investor in the items inside the home/business but looking to get with the right people to build a team.
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12 February 2025 | 13 replies
The LA fires will drive rates up for everyone and is now a major line item expense.
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21 January 2025 | 35 replies
The biggest problem I see is that most of those items should have been itemized from the tenant deposit.
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20 January 2025 | 16 replies
Apply for a dimensional variance on the vacant lot to allow a smaller lot and/or setback so it can be built upon.Your best first steps are to sketch a plan, possibly with an engineer's help, then contact the zoning department to discuss your idea with them to get informal feedback on your liklihood of success before you spend a lot of money.