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28 October 2024 | 3 replies
I do realize that doesn't make me a know it all investor as even if I overpaid by 20%+++ in 2014, the REI market would have still treated me kindly.Anyways, I am wondering what your opinions are for getting into REI through Flipping in ATX for 2025 and beyond given the many forces that are at play in ATX including: 1- Interest rate cuts and the expectation that cuts will be a trend in 20252- Even with Interest Rate cuts, will this be enough to get people moving since they may be reluctant to move when they have 3% interest rates on their current home?
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1 November 2024 | 5 replies
The seller already has given me a good deal on the property due to her being forced to return to NYC for work post-covid (seller is paying $20K out of pocket after overpaying for the property 2 yrs ago, and sellers agent is taking a commission cut to make the deal work).
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29 October 2024 | 15 replies
Going forward, the tax escrow component of your mortgage payment increased by $600. $300 is to escrow for the new annual tax bill, and another $300 is to repay the $3,600 shortage that the servicer paid on your behalf previously.
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31 October 2024 | 6 replies
And, you have an additional $3k in drywall work that wasn't planned because the electrician needs to cut holes to pull the new wires.
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28 October 2024 | 7 replies
It is probably the most critical component of investing in multifamily.
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3 November 2024 | 21 replies
Could probably cut that down a little but I tend to underwrite conservatively.
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1 November 2024 | 48 replies
I manage my own short term rental and have one cleaner who does all turnovers and another individual who cuts the grass every two weeks.
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29 October 2024 | 13 replies
We've tried to offer this service in the past, but had few opt-ins from property owners:(BTW: Weekly mowing though, costs at least $30/cut!
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29 October 2024 | 33 replies
Move on, cut your losses, learn from it and invest in better markets next time.
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28 October 2024 | 2 replies
After the election and purported rate cut(s) from the FED, I expect buying activity to pick up rather noticeably, which means more competition and likely higher prices.