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23 May 2018 | 6 replies
However the property is in a location where there is not a lot of buyers and population is less than 500 for that neighbourhood, is there an approach of doing such deals or I should just walk away?
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17 May 2018 | 5 replies
It started with a $6,000 mistake...Late Saturday, enjoying one of my much needed nights out, I received a text from one of my tenants stating that the A/C unit was just blown out..I wasn't concerned except that it was a 2am text & call and that the next day was Sunday (weekend service repair calls are always more expensive).As summer approaches, I knew that this was a situation that needed my immediate attention...I immediately had one of my managers collect some quotes for a new unit and labor (never use Yelp!
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17 May 2018 | 7 replies
@Jonny MorrisThis is how I approach BRRRR properties.Quick analysis: Property must meet the 1% rule (rent to asking price ratio)
17 May 2018 | 16 replies
The engineers' opinion initially should speak to the severity of the issue.I'd break down an engineering engagement into 2 parts:First would be an initial visit and rendering an opinion on the severity and possible approaches in design to remedy.2nd would be the actual design and cost opinion(s) to remedy.If you're pretty serious about the house, I think if you pay the $250-500 that I think you'd likely need to do the first, that would be a GREAT investment more than likely from what you're describing.
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17 May 2018 | 4 replies
I've recently built a pretty good relationship with a commercial lender but haven't brought this up.
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21 May 2018 | 15 replies
@Olu Sanya I love the No Debt approach.
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23 May 2018 | 6 replies
First thing I'd ask is what brought this opportunity to you?
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5 June 2018 | 12 replies
However, I want to hear if there were different angles to approach getting in slowly but surely.
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22 May 2018 | 5 replies
I was approached by the neighbors on the Friday preceding the Monday thy went to the city.
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19 May 2018 | 16 replies
Show friendliness so that you're approachable, but stand firm by the laws and the lease.Sometimes, the threat is empty and they won't follow through.