Dakota Williams
Please help new investor!
10 December 2024 | 8 replies
Should I keep it as is or renovate?
A.J. Zunino
Trying to understand the risks involved with cash out refinancing
16 December 2024 | 3 replies
With this they don't have to mess with the renovation headache.
Ugo O.
Calculating ARV and the 70% rule
12 December 2024 | 7 replies
Just go through them, select the renovated/closely matching ones, and enter them into a model.Here's my fix & flip model, you can see the comps entered and some quick stats below them: Then I use that comp data to adjust the Sale Price in the model to what I estimate it will be (double check the resale $/sf is in-line with the comps), then adjust the purchase price until I hit my desired return level.
Jessica Lundin
Renovated our first home and did surprisingly well
7 December 2024 | 0 replies
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $179,000
Cash invested: $25,000
Sale price: $500,000
Replaced windows, remodeled kitchen and bathroom, replaced...
Eli Edwards
Newbie to Fix and Flip
15 December 2024 | 4 replies
During the renovation phase, adhere strictly to the scope of work and budget, conducting regular walkthroughs to monitor progress and ensure quality.As the project nears completion, prepare for sale by staging the property to highlight its best features and create buyer appeal.
Leonard La Rocca III
NJ Rental Market - Rental Property Green Flags?
14 December 2024 | 3 replies
If you come to me and say you super handy ready to take on a major renovation my answer will be different compared to if you come to me saying you need turnkey and 30 minute commute to NYC.
Lorenzo L.
First Single-Family Fix and Flip at 21 (NEED ADVICE)
10 December 2024 | 2 replies
How much detail are you wanting:In Renovations, this can be anywhere from $30k to $500k, depending on properties needs, scope of work, scale of finishes, access to labor, etc.
David Martoyan
Making BRRRR truly work in 2024
17 December 2024 | 16 replies
Some of the best BRRRR deals I have seen play out this way:You buy a home cheap enough that when you do a renovation and pull out 75-80% LTV, your rent covers your mortgage and you have returned most of your investmentThis is for A-B class areas.
Mindy Jensen
Contractors: If I Buy Materials, Do You Still Need a Downpayment?
31 December 2024 | 66 replies
I've been dabbling for the last year or so in the residential world doing side projects, helping friends and family with renovations on their personal homes and managing my own live-in flip.
Marc Shin
contractor is threatening to take me to court
13 December 2024 | 20 replies
Quote from @Marc Shin: I've been working with a contractor on some renovations and they are threatening to take me to court.