
13 December 2024 | 16 replies
Take a deep breath!

5 December 2024 | 11 replies
I'd say forget the AI buzzword hype and go back to programming something useful based on real transaction-level data like below (that can help you with any deal you find, from whatever source you have).Sales Comps & ARV estimate:Market Stats:AI won't be able to provide you anything close to this, nor does the RedFin/Zillow market data drill down into the market as deep as I do here.Additionally, if you understand how the leading LLM's work based on a black-box floating point matrix, you just can't trust their conclusions like you can with your own program.

17 December 2024 | 13 replies
Although instead of knowing about roofs and rehab.. land folks need to know about:Zoningwhere is the power is there internethow deep are the wells or is its an area that water is super toughDoes it perc. and or how expensive are septic systems.Wetlands Etc.Now if you target land with all city services then its just dead simple.. figure out the retail value and buy below it and do your flip..

7 December 2024 | 14 replies
And unless you have very deep pockets, you can't afford to be that much off....So as has been said....hire a very experienced General Contractor and have them give you a budget number based on your SOW, (plus they will find other things that need to be done that you will not have seen).On your succeeding projects, you do a budget yourseld first, then hire the GC and compare numbers.Then, eventually you will be comfortable going all solo...but it takes time.

11 December 2024 | 37 replies
Their guarantee to cover the mortgage if they don't rent the property is a red flag, too.

7 December 2024 | 6 replies
The other option would be diving deep with a bookkeeper to have them help run more updated books than just monthly.

5 December 2024 | 20 replies
And then do it again.It is actually possible to have a super experienced General Contractor, a very deep pockets money partner, and still lose money on a flip.The most common reason, in my experience, is having a project run over schedule and placing the property on the market during the off-season.

11 December 2024 | 11 replies
I've heard from local investors in Tampa referencing recent changes and local property managers grumbling about red tape.

5 December 2024 | 25 replies
Every interaction with them has raised red flags.
6 December 2024 | 2 replies
Our pockets are not deep but we have full ownership of the land.