Ryan Yu
Selling a previous marijuana grow house
8 April 2024 | 2 replies
Luckily, my home insurance policy covered the cleanup and rebuild of the affected parts of the interior of the house.
Benjamin Lenz
Why you shouldn't build a Jr. ADU in California
10 April 2024 | 59 replies
ADU has to have a door leading to the interior main dwelling, effectively making the unit extremely less private and less insulated.
Justin Sheley
Fund & Grow Financing
14 April 2024 | 885 replies
I re-financed my property today that I used my business lines on credit on, which finished the BRRRR method for this property.Rough DetailsPurchase Price: $30,000Rehab: $20,000Fees paid transferring money through cash app: $338.85Holding Costs/Utilities: $675.00Closing Costs:$1000.00Total Money Invested: $52,013.85Appraisal: $80,00065% Loan: $52,000Money Left in Property: $13.85ROI: We could do the math on $13.85 but lets pretty much call it infinite at this point.The coolest thing in my opinion about this method is that I'm left with a home that has a brand new roof, AC, and an entirely renovated interior.
Chao Yi Shih
Closing soon on investment and having regret
8 April 2024 | 21 replies
Front unit i think market price is around 1600-1700, but i am planning for 1500-1550 to gain advantage on rentingit's a popular rental area in trending neighborhood, so it has a lot rental on the market and a lot investorfirst regret is i think my offer was too high, i offered asking price at 224k which with my 10k deposit and no inspection (i did had a long term contractor go take a look with me) i can likely get the house for cheaper, it went from 300k to now 224k from last year, so 8 month on market, i could get it for maybe 200k or 210k insteadOriginally i planned to have some minor interior update include few windows, which i am estimating around 3k, but noticing the 3rd floor shingle siding was aging and looks like just matter of time, so i had to replace 2 more exterior siding that need scaffolding, long story short, my repair cost went from 3k to around 8-9kmy dscr loan is 7.625% 30 years, my monthly would be $1577 PITI + water (say $230), compare to my expected rent of $2430, so $623 remaining each monthsome concerns are1. it's flat roof and it's just matter of time for me to replace2. i know this market is always trending, a lot tenants and a lot rentals, so it's competitive but popular, i dont know what to feel about it, i have other rental in the city, just not this specific neighborhood3. since there's so many investor in the area, why no one bought it for the price, it was once lowered to 256k before it go down to 224k. when the market was hot, i think 324k would easily sold, but obviously it didnt as that's what they listed in 2023 summer4. unit was managed by management company, last lease on front unit was from June 2022-June2023 rented for $1700, then they later put for sale for 324kon one hand i think the number works, but on the other hand, i keep have this feeling i wanted to back out of the offer, i think also due to my saving would be down to 20k after closing and all the repairs made, which i normally wanted to have at least 30k in bank, also the extra siding job got me scared a bit, and roof that need to be replaced in futureif i back out now, i am going to be losing 10k + inspection 800, so that's close to 11k lostWhat's your take on this, i would hate to lose 11k without any valid reason and just scared myself out of this deal, but honestly i am having some hard time looking forward to this purchase.
Syreeta McDonald
Short Term Rental in Poconos Still Profitable in 2023
7 April 2024 | 11 replies
I use my friend who interior decorates.
Angela Crockett
How to proceed with a possible off market single family house
6 April 2024 | 5 replies
We have walked the property on the outside, but have not been able to see the interior.
Hunter Brown
How should I calculate return/yield on common area/community amenity renovations?
5 April 2024 | 0 replies
.- These projects are separate than unit interior renovations (most of these properties had units renovated 7+ years ago and that was easy to measure).- I want a market adjusted return/yield.
Feodor Klitsuk
Security cameras on a house flip
4 April 2024 | 8 replies
It's best to get a Flood Light with Camera outside and a few camera's in the interior.
Jimmy Hovey
Professional Remodeler Looking To Learn About Private Investors For Flips, Slow Flips
4 April 2024 | 4 replies
The technology allows me to measure an interior and exterior in less than 10-15 minutes.
Kyle Pierrehumbert
First Rental property- when to lower rent?
5 April 2024 | 12 replies
To improve your rental listing on ZillowHigh-quality photos: Take clear, well-lit photos of your rental property's interior and exterior.