Kurtis Sargent
First time remodeling project - Learned a lot
28 December 2024 | 1 reply
Over the course of a weekend—and fueled by beer, food, and sledgehammers—we completely cleared out the space.
Aaron Wolman
Looking to split utilities for the first time
19 January 2025 | 2 replies
I've done this on one house in order to cut costs - since then, I've added a meter with the utility company but it's a good workaround for the short term.
Stephen Fleming
Newbie Plan. Thoughts?
14 January 2025 | 9 replies
A HELOC comes with a variable interest rate and all signs are pointing to no further Fed rate cuts in 2025 - and there may even be rate increases.- So, you may want to consider locking in an interest rate via a 2nd mortgage.Do you have reserves for unexpected expenses?
Justin Fondren
First Property Steps To Buy
19 January 2025 | 7 replies
Ask for seller concessions to cut down closing costs.
Casey Graham
11 Doors, 13% Stabilized Yield, Town of 13,000?
23 January 2025 | 15 replies
I'll save you the details but...Per door cost: $63,300All in Cost: 700kTotal Revenue: 137k(ish) annuallyNOI: 65-73% (in the expenses we included: insurance, taxes, $75/month per door repair expense, management fee 8%, grass cutting, & a misc fund for random crap business license, etc.)Now...
Ken M.
Creative Financing and Some Things To Know
13 January 2025 | 1 reply
There are regulationsI could go on, but if you learn this much, and apply it appropriately, you will cut down your sorrows and risk, considerably.And yes, there is much more.
Alex Hall
Subto FHA problem
20 January 2025 | 57 replies
The SubTo community has become bro-fueled tupperware sales and Acme/Avon downlines.Anything creative is best done with complete transparency and the entire premise of SubTo is not transparent.
Danielle Weaver
How to protect yourself as an owner who pays utilities
17 January 2025 | 5 replies
Electric: is the easiest to split, but may require holes cut in walls to separate the units.Gas: gas lines aren't as flexible as wires, but it can usually be done affordably.Water: most cities will NOT install additional water meters on a property.
Eli Edwards
Has anyone tried this?
23 January 2025 | 4 replies
Some have done owner financing with an agreement to pay all interest and equity splits when the home sells others have done it where they do a quitclaim adding their name onto title with the seller so once rehab is done the seller can't try and cut you out of the deal.
Griffin Brenseke
Sell or hold an investment property (4.75% rate)
13 January 2025 | 7 replies
While $50/month in cash flow isn’t great, it’s still positive, and cutting the termite protection could boost it to $125.