
10 April 2024 | 7 replies
Real estate pricing is based on demand and desirability so very cheap properties are often money pits with high maintenance and high vacancy.

10 April 2024 | 59 replies
So not only are local municipalities not allowed to require OO on an ADU, based on this section they may allow JADUs but are required to require OO on a JADU.I'd be happy to be discuss an alternate interpretation on these sections...I'm not an attorney, so I'm sure there are some legal vocabulary and context type discussions that can be had here.

9 April 2024 | 7 replies
I actually started flipping with little money and then transitioned to wholesaling because my goal is to build an active business in real estate, and for me, wholesaling was and is more scalable and profitable than flipping.People tend to think wholesaling is easy based on how gurus portray it online, but it's not.

9 April 2024 | 6 replies
I think bringing a design expert to run through these properties with the contractors and put together the design based on a specific budget would be a good idea.
9 April 2024 | 2 replies
The tenant is telling the PM that HUD was approving based on old income and they are going to have it readjusted.

9 April 2024 | 7 replies
Usually takes 3 years to cycle through customers till you get a base of good customers.

9 April 2024 | 12 replies
This isn't just about keeping things organized; it's your safety net if things escalate legally.Legal Grounds Check: It's wise to touch base with a legal expert familiar with your local landlord-tenant laws.

8 April 2024 | 16 replies
We made some adjustments to our pricing earlier this Summer 2022 to reflect some material pricing changes that we have seen.With that said, construction pricing can vary substantially based upon many factors including the project location, property type, specific SOW, material selections, contractors used, season of the year, etc.In fact, pricing can vary substantially from investor-to-investor and every investor will have different prices they use.

9 April 2024 | 5 replies
Net income = $39,240Monthly operating expenses are as follows: Trash - $33, Landscaping/yard - $66, Electric - tenants pay, Water - $95, Maintenance $87Monthly taxes about 3KSo, gross expenses are at $41,064If I'm doing the calculations correctly, my net operating income is -$21,888 and cap rate is -3.4%.Obviously the current numbers look terrible for this investment, but I feel like the rent should be raised significantly based on comps (above 2K each unit).

9 April 2024 | 10 replies
-Purchase price = 88,500-Amount currently owed = 70,340-ARV =$145,000 (NOTE - we have not gotten a formal appraisal, basing this off comps in the area)-Lease= Signed 12m lease at $1125-Current Monthly Mortgage = $617-Credit score = 792-City = Greer SC