Greg Stetz
Who uses any Rules of Thumb when evaluating a property? Why?
17 October 2020 | 3 replies
I generally dislike general statements, pun intended, so here is an actual example :in Indy in the area I'm active, the first 5 properties are all above 1.2%, with expenses in low 40s. for #6 I knew I would get 1.4 as a hold if the inspection came back as expected so I jumped quickly on the deal based on knowledge gained from the first five. 7-8 were a duplex and was approaching 1.4 also. my criteria are the same so I already knew rents and expenses. this deal came less than a month after #6 but when the numbers work you gotta be willing to pounce.as with most underwriting, the rules of thumb came about for a good reason but should always be a starting point until you master your market or find someone who has and get them on your team. happy hunting!
Chase Waxman
Question on next moves after my first multi family/plan
18 May 2023 | 2 replies
However if your goal is to focus on alternative investments I.e. couples retreat then that is what you should chase (no pun intended).
Evan Staats
Contractors found drinking on the job
13 May 2023 | 22 replies
I’m not risking a buzzed guy doing my electrical (no pun intended) where one thing maybe “eh, it’s good” or their judgement is a bit impaired.
Patricia Hinojos
Ways to upsell "extras" to raise monthly rental income?
19 August 2017 | 43 replies
Maybe I'll charge by the pound (no pun intended).
Andre M.
BRRR holding costs, how do they factor?
21 May 2023 | 5 replies
I will have some reserves for sure, don’t want to be left out in the cold (pun intended) with BRRR.
Deryck C.
Which mortgage should I pay down first?
19 April 2021 | 44 replies
It is in your best interest (no pun intended) to lock in a good investment, specifically a high investment rate of return.
Soniel Estime
Extreme Anxiety While RE Investing - It Will Be Okay
23 May 2023 | 6 replies
The realization that I now will have three families counting on me, the potential liability, the cost to do business, and the risk of everything falling apart hit me like a ton of bricks (Pun Intended.)
John Carbone
Smoky mountains dry well
16 May 2023 | 27 replies
Spending $25k on a hole full of dust is pretty hard to swallow, no pun intended.
N/A N/A
Creative ways to make extra cash off rentals
26 July 2022 | 36 replies
Sweet (pun intended).I sometimes let a tenant paint interior rooms on lower end properties.
Brad Fausett
Buying from Holton Wise- poor communication
11 April 2021 | 121 replies
I’m not going to do it, but someone needs to make a “time to turn off the faucet” pun.