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21 October 2024 | 25 replies
Second, I was doing most of the work and fell off a ladder (first time in 45 years) broke my foot, and had a high sprain...
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17 October 2024 | 6 replies
This isn't really that earth shattering, just kind of annoying.The title insurer will usually require the scope of work and any lien waivers to issue certain endorsements required by lenders for recently rehabbed/constructed properties.Permits are all public record anyway - and often double checked by the appraiser.So - while it is kind of annoying, a lot of this work is already required to complete the transaction anyway.Just my thoughts.
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20 October 2024 | 14 replies
If you do this type of work and you buy properties right, you will never be worried about a sale.
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22 October 2024 | 18 replies
A business is the opposite: it's purpose is mainly to create cash flow and maybe you can create a sellable asset (its not easy to sell a business).If you think W2 + building a business is too much work and not for everyone, you are right!
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18 October 2024 | 1 reply
Know your numbers..REFINANCE - With our no seasoning requirements you can refi and pull cash out once rehab is complete, rather than waiting the typical 6-12 months that most lenders require.REPEAT - Use those cash-out funds to put your money back to work and scale your business.Partner with a lender who understands the needs of BRRRR investors!
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20 October 2024 | 84 replies
Since it sounds like you're not really looking to grow your RE portfolio due to management/ capex issues/ personal reasons, you might just look for other ways to put your capital to work and grow your wealth.
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18 October 2024 | 1 reply
I purchased a property before that had way below market rents that were locked in for a year and after a year I raised those without doing any work and was able to get them to market rent.
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15 October 2024 | 8 replies
persistance is the #1 requirement to succeed.Sadly, too many here on BP are only looking for shortcuts.
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18 October 2024 | 6 replies
Yes there are pros and cons for sure and like any marketing channel, SEO takes work and investment to master, but it's among the best and most consistent lead sources for motivated sellers.
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16 October 2024 | 10 replies
I have had a couple of estimates to complete this work and it ranges anywhere from 40k to 75k.