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13 December 2024 | 4 replies
I appreciate your ready-fire-aim approach, @Brendan Duggan, but you’re likely creating loans that might only be saleable at a discount.
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29 November 2024 | 17 replies
Do they offer any discount on shipping costs?
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11 December 2024 | 6 replies
.- Get a list of active properties in a zipcode with filters (number of bedrooms, bathrooms, price etc)
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16 December 2024 | 17 replies
You can look at a mobile home and see it as an easy rental with new carpet, trim and some paint but there are other bigger uglier expenses that can come up.Roof Replacement, soft floors (water damage) in kitchens and bathrooms- most floors are particle board, exterior door replacement (special order), underbelly insulation falling, bad hot water tanks with rotten floor underneath (real joy), bad windows (water again), bad bloated siding (water), water damaged base frame around perimeter of home, cracked tubs (special orders) and frozen pipes (Good luck finding a plumber to come work on a mobile home- they do not exist).
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17 December 2024 | 16 replies
and I cannot agree more that BRRRR works extremely well with multifamily real estate most of the time, when you start buying distressed multifamily buildings with 10+ units, especially with a discounted price, that is when you truly start making money with BRRRR!
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11 December 2024 | 2 replies
Unlike a kitchen or bathroom renovation your literally building a second house on the property and your dealing with everything from grading, soils, foundation, electrical, plumbing, framing etc.
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17 December 2024 | 14 replies
I was able to negotiate about 10% discount that was purely circumstantial, I'll let time do the appreciating passively instead of running a 6 months construction project with holding cost.
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24 December 2024 | 44 replies
Forced Apperception (BRRRR or buying at a discount) is also a hedge against corrections.
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7 December 2024 | 0 replies
Purchase price: $179,000 Cash invested: $25,000 Sale price: $500,000 Replaced windows, remodeled kitchen and bathroom, replaced siding What made you interested in investing in this type of deal?
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14 December 2024 | 15 replies
you just have to estimate them based on what the property needs.so if it needs a new furnace + a bathroom gut and remodel + new windows, you estimate that.