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3 January 2025 | 3 replies
The construction seems slow and could last up to a year.Here are my questions:1.How can I cover or conceal the metal screens to improve the appearance?
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3 January 2025 | 2 replies
And you need to keep detailed records of all repairs and improvements.
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2 January 2025 | 11 replies
It wasn’t how I wanted to kick things off, but I worked with a contractor to get the bathroom fixed and functional.Once that was behind me, I focused on improving the building and maximizing income:I installed a shared washer and dryer for the tenants, a major upgrade that added convenience and increased the property’s value.I rented out the two garage parking spaces, bringing in consistent revenue.I also raised rents for the second- and third-floor tenants I inherited to be just below market-rate.
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4 January 2025 | 7 replies
Interest rates atm seem quite high so will ride this out a bit longer (and ratios will continue to improve over time.)
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30 December 2024 | 1 reply
Plan to make some tenant improvements to push rents closer to market rate for the area.
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9 January 2025 | 16 replies
This type of loan can be a great short-term solution to help you acquire and improve the property before refinancing into a long-term loan or selling it for profit.
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8 February 2025 | 49 replies
You could do the upgrades then rent out the units or sell after you made the improvements.
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8 January 2025 | 34 replies
Pick one that is improving, homes being renovated and flipped, vacant storefronts being turned into cool coffee shops etc.Good luck.
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10 January 2025 | 23 replies
I would purchase a duplex (or even better, purchase a SFH with as many bedrooms as you can afford and rent by the room), and then slowly improve the property.
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7 January 2025 | 12 replies
.- After closing, you can do some of the work yourself to save money, but the program doesn't allow you to pay yourself.You will want to buy a Class B property, maybe Class C+, in an area that seems to be improving.