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31 October 2024 | 4 replies
We ended up just doing a shiplap ceiling to eliminate having to drywall and filled the cavity between the two ceiling with rockwool and it has made a pretty substantial difference that wasn't crazy expensive and was a two day project due to eliminating the need to finish drywall.
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31 October 2024 | 2 replies
There are probably many posts that contain similar information to this one, but I thought it would be of value to future and existing investors who are starting their journey.We recently completed rehabbing a duplex we bought for $93k and rehabbed for $75k (in retrospect, we could've negotiated a lower price 🤷♂️ - discussion for a different post), hitting an ARV of $190k when our target ARV was $170k.Two things that stood out for me that helped us secure a higher ARV that anyone can use in their next BRRRR were:1) Fix the property to be in the top 75th percentile -> To improve our success rate, we consulted with both our agent and our PMC on what kind of materials and finishes the best properties (highest ARV Comps and Rent Rates) had in the area.
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2 November 2024 | 8 replies
As an owner builder, I built 3 ADUs and 1 JADU (subbed out the structure build and I did all the finish work).
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12 November 2024 | 171 replies
I tell people that I start my day with a list of 100 things to do, and by the time i finish the first 10, the list is already back up to 120 and I'm lucky to end the day back at 100.Maybe this is a moment of weakness, but, it sure seems like I have them more and more often and that lifestyle of a passive investor analyzing DST's every 5-7 years, and checking on quarterly reports keeps seeming more and more attractive!
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31 October 2024 | 19 replies
I honestly believe that the cycle isn't finished and there are still good deals to be had, but you can determine that for yourself by doing some research.
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31 October 2024 | 44 replies
You could rehab a distressed property using a fix-and-flip loan and then refinance the loan into a long-term DSCR once the repairs are finished.
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30 October 2024 | 11 replies
If talking to more builders does not work out to join you on transaction #1+ and you have enough capital and heavy rehab experience along with a GC / builder doing the project many lenders out there will offer you a lower leverage loan for your first project on your own. 60% finished value and 75% LTC is probably achievable without a builder in your company for the loan.
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2 November 2024 | 64 replies
This is what I just finished installing in my spec house today. https://www.happyfeetinternati...I was recommended to install tight to wall so butt joints can not separate.
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28 October 2024 | 1 reply
We live out-of-state and they ended up draining our reserves and now we're stuck with a project that we can't afford to finish.
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29 October 2024 | 11 replies
What are the finishes/age of the property?