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5 July 2024 | 8 replies
That brings up the questions of is it different style than the surrounding houses, is that an issue or demand difference, etc.
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3 July 2024 | 3 replies
Investing in New Builds: Considerations and ProcessNew Build Investment Options:Build and Sell (Fix and Flip):Pros: Potential for high profits with modern appeal.Cons: Requires significant upfront investment and market risks.Build and Hold (Long-term Rental):Pros: Attracts quality tenants, potential for higher rental income.Cons: High initial costs, market fluctuations.Process Overview:Market Research: Identify high-demand areas.Land Acquisition: Purchase suitable land.Design and Planning: Work with architects and obtain permits.Construction: Oversee build quality and manage costs.Marketing (Fix and Flip): Highlight new features to attract buyers.Tenant Management (Rental): Implement thorough screening processes.Advice:Educate Yourself: Understand local regulations and market dynamics.Risk Management: Prepare for potential delays and cost overruns.If you have any other questions/just want to discuss feel free to reach out to me directly!
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4 July 2024 | 1 reply
Self bio: 19single single-family homes rented and self managed all local all BRRRR style, cashflow avg 320 per home. 55% dti.
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4 July 2024 | 6 replies
If so I may have a property that would be suitable (off market).
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5 July 2024 | 12 replies
Then you have to fit to your life style.5.
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3 July 2024 | 4 replies
Networking with experienced investors can provide invaluable insights and guidance specific to your market.Property Search and Due Diligence: Once you're familiar with the market and financing options, start actively searching for suitable duplex properties.
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2 July 2024 | 3 replies
Hey Brett,Dumpster Rental Options:Dumpster Size: An 11-yard dumpster is suitable for a 750 sqft unit remodel.
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4 July 2024 | 8 replies
one of the partners that we went in on the deal with owned two other car washes nearby that are self-service wash style you mentioned and although our full service wash had a much higher average ticket value and overall more revenue, his other two washes averaged less than 1% in labor cost where our full service was would be between 20%-30% on any given day. we ran a detail crew of around 5 people and then had around 10 or so people on hand to handle the car wash traffic. we tried to get away with not hand drying the vehicles after they exited the wash but the previous owner had made that a staple of the business so when we stopped doing it people got frustrated and we decided to keep that a part of the process. in doing so that means you have to pay labor tax!
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2 July 2024 | 7 replies
For a cleared idea, I had 5 bedrooms l, each having a key code style lock for privacy and security.
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7 July 2024 | 89 replies
I wrote a 400 page book proving a framework for matching investing styles to personal goals, rather than using a single metric for investing.