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25 November 2024 | 2 replies
We are currently looking at a HUD home in Georgia - I have a couple of questions and can’t seem to find a definitive answer - The home is currently in the OO listing period - our plan would be to buy the home doing extensive renovations (the home is in a “Historical” area so renovations have to be approved) once completed we plan on living there full time - it could take ip to a year to complete or longer I don’t know - as I see it the OO designation is to be the OO for a min of 12 months - is this after the home has been renovated or after you close on the home - though the house could probably technically be lived in now it does have some water and roof damage and needs complete redo of electrical and plumbing - for me to deem it safe - so not really livable by normal standards - but no way it would be livable in just a couple of months - any thoughts or an actual answer to the OO rules
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9 December 2024 | 98 replies
Bitcoin was designed to have a maximum number of coins.
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1 December 2024 | 32 replies
Take for instance an “A” located 1 +1 duplex where units rent for $2,000/m and compare the building to an identically designed “C” located 1+1 duplex in the same market where units rent for $1,200/m.
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25 November 2024 | 13 replies
If the building is currently recognized as a single family residence, then you are changing use and presumably will need to sprinkler the building and satisfy other fire rating and STC rating requirements not to mention the added costs of having to run mechanicals for multiple units, multiple kitchens, additional bathrooms etc.
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25 November 2024 | 8 replies
This significantly lowers the cost per door and improves your return on investment.Scalability: A three-story walk-up design allows you to maximize your build cost and land use, just like most professional apartment developers do.Control with New Construction: Starting with a new build ensures fewer risks, as you’ll have control over the property’s condition and avoid surprises from existing structures.Pro Tip: If you do go with an existing property, make sure to thoroughly vet the deal to avoid hidden costs and issues.For first-time investors, multifamily new construction is often the best way to scale quickly, reduce costs per unit, and build a sustainable rental portfolio.
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24 November 2024 | 9 replies
If no, are there photos of each unit and all closets, the basement, the roof, the exterior, and all mechanicals?
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4 December 2024 | 32 replies
Studying for and receiving the CCIM designation will be a solid plus.
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27 November 2024 | 16 replies
This is coming from someone to stepped out of W2 in their early/mid 30s, and I can tell you first hand it's not cheap and anybody that tries this really does not understand the reality of it.To your other questions, cash flow is just a mechanism of leverage nothing less or more.
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22 November 2024 | 11 replies
Not essential but I've used it for other things and it's really cool when you are building out a new process, design, or work flow with your team as well.
22 November 2024 | 2 replies
Stores like Home Depot or Ace will have products specifically designed for removing difficult adhesives, but you can also DIY with household products.