Dionte Griffin
first deal advice
3 January 2025 | 3 replies
In most single family zoned areas adding a single ADU is not a value add meaning it will not add more value than the hands off cost of the addition.
Fernando Martin-Gullans
Help me use my equity to scale my portfolio
10 January 2025 | 3 replies
Here’s some context: Property 1: >$100k in EquityValue: $325kDebt: $220k @ 2.88% (30-year fixed)Property 2: >$70k in EquityValue: $325kDebt: $252k @ 3.38% (30-year fixed)Extra considerations: - I have $15-20k liquid to use for any of these deals- My current job is relatively stable, but not high-payin- Current properties in TX, living in NY, looking to invest in Mid-West (crazy, I know)- No other debt obligations besides the two mortgagesUltimate goal/timeline: Though a bit ambitious, I’d love to build up the portfolio to 10-20 units in the next two yearsI understand that any/all replies aren't financial advice; all ideas welcome for information purposes.
Ram Gonzales
Creating a debt fund for owner finance strategy
14 January 2025 | 27 replies
I would include servicing costs of the loan and licensing costs.
Devin James
Do you prioritize equity growth or cash flow in your investments?
5 January 2025 | 18 replies
Today it has a small positive cash flow for its equity, but the value is up ~$1m above my costs.
Francisco Solano
Business Partnership Detailed Agreement
30 December 2024 | 3 replies
Below is something we have in the works:-Looking at a property that is 3beds 1 bath-ARV once complete is at 250K-Repair costs = $40K-Working on acquiring it for $125K maxThanks for the input!
Ricky Hernandez
Turning a New Build into a Rental Property
6 January 2025 | 7 replies
My condition was that they rent the house for 1% of the costs and sign a 3 year lease.
Bob Asad
When Doing a Comp, Do you Analyze Foreclosures Too?
7 January 2025 | 1 reply
Let's say there's 3 properties in a 1-mile radius with 5b/3b, but one is a foreclosure and the other 2 are regular conventional sales.If you're doing a comp for your subject (4th) property, do you have to take the foreclosure one into consideration?
Dean Malka
Rehab costs estimations
18 December 2024 | 11 replies
Kit showers or tiling, or tiling the shower (hot mop or tub shower then tile the rest) all are different3) what is the cost to renew the floor with a LVP?
Corey Davis
Operationalizing & Scaling
31 December 2024 | 5 replies
Cost to build an ADU are high, however, so it may not pencil out in the short-term.
Diandre Pierce
I have 5 houses renting, what's next
12 January 2025 | 8 replies
Cash flow should not be your only consideration.