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24 July 2024 | 4 replies
Price materials and labor cost will depend on how large of scope of work but a good company is going to be around 3500 a week plus cost of over head we also pay 30% tax on our income also like you guys but if you anticipate 4 week rehab well be ready for minimum of 14k in labor +14knis low end in my opinion... now I'm currently eating my lunch on a rehab from hell but it's gonna be a work of art from where it came from... this was the worst of the worst in my career water damage to all structural raised the roof on a horrible addition and did it correctly.
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23 July 2024 | 6 replies
It is a huge ticket item and can eat ~30-40% of my reno budget.Today I did a walk through with plumbers and contractors.
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24 July 2024 | 11 replies
While a business owner's job is primarily to focus on revenue, you also have to make a basic effort to control expenses and keep things from eating up 1,2,3,4% or more of gross income.
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22 July 2024 | 71 replies
I realized I much preferred to eat dinner at home, where I would be satisfied and not still hungry afterwards.With that said, I'd love to purchase your book!
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23 July 2024 | 27 replies
On the topic of the Data Center: To shed a little information without revealing too much: I would beware putting too many of your eggs in that colossal data center basket.
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22 July 2024 | 2 replies
Once you move, you'll have to hire someone to manage it for you, which will eat into the income.
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23 July 2024 | 8 replies
But keep in mind that things like closing costs (where you have to close twice - once to buy the flip and once to sell it) may eat up $10k of that profit before you pick up a hammer to repair something.
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22 July 2024 | 10 replies
Obviously a high interest rate could eat into your investment.
26 July 2024 | 49 replies
For those 2019 properties, even if they have fixed rate, long term loans, when the loan transitions from Interest Only to Amortizing, that can eat a lot of cash flow.
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21 July 2024 | 64 replies
If it's your mom's next egg, you don't want to take risk that is not fully educated.