
21 October 2018 | 5 replies
Anybody know of a data company that has a list of properties that have no utilities on in the home?

21 October 2018 | 2 replies
I personally look for returns in the 20% or higher range, when utilizing my own funds.

29 November 2019 | 13 replies
@Ash Leigh, Although it's not strictly forbidden to purchase property from a related party the IRS is very skittish about it and the charge of shifting basis and step transaction is all too common.

23 October 2018 | 2 replies
Keep in mind we do not have known cost amounts for these repair items, and can just make estimates, and hope no other costly issues are uncovered after attacking some of the repairs.My question is, with our next interaction with the selling agent, should we:A) Ask for the major repairs be metB) Ask for a decrease in agreed upon price (without great idea of what the repairs will cost)C) A combination of both; settle with some repairs met, and a decrease in priceOur entire list is below: (keep in mind that I am not sure if all of these things need direct attention to get the unit rent-able, or if some items can be overlooked for now and deal with later as they become more of a problem)Repair List:Items that need attention before renting unit:Big Ticket Items:Install furnaceInstall all new appliancesInstall water heaterExterior electric power supply is damaged, needs repairInstall guttersNo termite treatmentNo gas meter, install newAttic decking has moisture damage, needs repairSmaller Repair Items:Install electric panel faceplate and secure exposed wiresTwo prong outlets (could not test), swap out, install GFCI where neededTrim tree limbs in contact with power linesMissing light cover under front entranceRepair kitchen windowsRepair kitchen sink leakRepair utility room leakInsulate atticSeal gaps in living room doorLoose bathroom faucetAdjust shower water pressurePatchwork performed in multiple rooms, walls are plaster on wood lathe- which I have been told can have asbestos issues once opened upDeferred Cost Items:Large tree removalTorn and missing roof shinglesSeal plumbing boots on roofRaised soffit under car portSecure electrical lines in attic, they run over attic stringers, not through them (necessary?)

21 October 2018 | 2 replies
take a glance a @J Scott 's take on it http://www.123flip.com/new-construction-costs/ it has a simple break down of the most common expenses.

21 October 2018 | 0 replies
Purchase price: $270,000 Cash invested: $4,000 Current Primary Residence. 2 rooms are being rented and living there for less than 600/mo depending on utilities.

13 September 2018 | 2 replies
Hey folks,Im a newbie:) - I added my logo to the pdf's Im utilizing in the tool section and its not appearing when I download it or print.HELP!!
12 September 2018 | 7 replies
Miscommunication is very common when you're dealing with this many people and things change up all the time.

12 September 2018 | 3 replies
Just a few things I did to help me save (and they added up):- Cut out the cable and use wifi/Netflix - Make coffee at home - Stop eating out, only making it a special occasion here and there- Stop buying unnecessary clothes - Switched from a 35$ a month gym to a $10 a month gym- Cut out "snacks" when grocery shopping- Quit smoking cigarettes - Be mindful of utilities, shut off lights at night, don't leave them on- And most importantly, stay busy.