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26 January 2025 | 13 replies
Perform the same task in each app to ensure a fair comparison.Load a property with pictures and details.Market that property.See what your marketing looks like from the public's perspective.Submit a fake application to see how easy the process is.Run a credit/screening report on yourself.Enter a maintenance request, assign a vendor, and attach a fake invoice.Enter charges to the tenant's ledger.Enter recurring charges and automatic late fees.Sign documents electronically.Run owner reports.After testing a few apps, one should clearly stand out.
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14 January 2025 | 18 replies
Its relatively easy to manage the process once you do it a couple times.
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5 February 2025 | 35 replies
It's only dead if you are spending too much on your purchase.
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18 January 2025 | 2 replies
While I would like to add an ADU I do not have the time for the permitting process.
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29 January 2025 | 68 replies
In our opinion it is not worth the price to evict that many tenants as SCI will lose a lot of money in the process.
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28 January 2025 | 4 replies
Reno Scenerio Off Market Purchase Price - $185k ARV = $315-335kReno - $55-65kHolding - $10kClosing both ends - $25k= $335 , $315-$285 =$30-50k gain As-IS Scenario Purchase - $185kSale Price on MLS :$225- $235kClosing both ends - $20kHolding - $4k= $235 - $209 =$16-$26k gainIn both scenerios I’ll be 1031ing it into a new investment.
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4 February 2025 | 1 reply
Purchase price: $640,000 Cash invested: $220,000 Purchase price $640,000Got it at this price because there is a non-paying tenant in unit 2 (rent value $3,500), we're in court Rehab $60,000All in cash (rehab plus down payment) $217,500Rehab included ground level basement and 2 parking spot drivewayMonthly cash flow $1,500 ARV $950,000Equity $470,000Refi cash out (August 2024) $150,000 (used to buy new rental)New monthly cash flow breaking even (non-paying tenant still in unit 2)New equity about $200,000
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1 February 2025 | 2 replies
Purchase price: $265,000 Cash invested: $200,000 1930’s historic home with a converted garage.