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31 July 2024 | 9 replies
It popped up in my mind and I thought I'd share.
1 August 2024 | 125 replies
no. many folks here are ignorant, self righteous and bubble hasnt popped yet. many here think its still ok to discriminate or try repunish. many my tenants are have been felons or misdemeanors. ...1. know many who are actually innocent only self righteous dumb sheep like government types ignore reality that 25% of all convictions are bogus. see innocence project as examples.2. if do full background check on all tenants.
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1 August 2024 | 23 replies
I have to explain to the the capital requirements to acquire an asset like that which would be 60k+.For projects under 100k purchase acquired at 80% leverage you can figure needing 25k - 30k in liquidity for all the costs of the life cycle of the project.If you start acquiring in that 150k range, that lifecycle can go to 40k/50k needed to make sure you can handle the down payment, closing costs, holding costs, any miscellaneous costs that pop up and then still have a cushion in the account cause you never wanna be down to you last dollar.One of the first questions I ask new clients is what kind of capital do they have behind them, because that number will determine market and asset class.
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31 July 2024 | 13 replies
I always like to stay under around 60-65% rule, as some unforeseen expense always seems to pop up once you start tearing down walls.
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29 July 2024 | 7 replies
That always makes it so much harder to rent, or secure a great tenant.Here's my standard go to list now for long term rental updates:-LVP that looks like wide plank white oak-Ultra Pure white on all the walls-Vertical/ modern stack backsplashes and showers-Pop of color on the cabinets (pop of color can include black too)-Butcher block countertops (lower end) or white quartz countertops (higher end)-Modern light fixtures in brushed brassKeep it neutral still but a couple of style choices with the light fixtures (which are cheap) and it will appeal to the masses.Good luck!
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29 July 2024 | 10 replies
Sometimes things pop up after tenant move in that were not evident before, so stuff happens.... but your list is pretty long to have missed all of that.
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29 July 2024 | 3 replies
I actually felt like Jim Jones or David Koresh would pop out and recruit people for Waco/ Mt Carmel or Jamestown.
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31 July 2024 | 27 replies
Another property will pop up soon and you will be ready.
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2 August 2024 | 53 replies
I think mom and pop will prioritize a home to live in before spending 100k on a SUV with 1500 dollar payments. younger folks will realize rent is a loser and try harder to be home owners in the better cities markets of the US.
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29 July 2024 | 11 replies
It does not send alert to app when something pops up.