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22 November 2024 | 7 replies
Given the technological world we live in today, it surprising to me that it still works.
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24 November 2024 | 10 replies
The thing is there was a lot of appreciation in 2021 and parts of 2022.Real estate didn't appreciate(in general) much from Summer 2022 to start of 2024.In general, the investment, while lagging behind the stock market return, is not a bad investment.You got 10% cash on cash return in year 1 and 8% cash on cash return in year 2.It was negative in year 3 but that is okay if you beleive it to be around 10% going forward.A lot of investors are starving for cash-flowing deals so I am surprised these properties didn't appreciate much.
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18 November 2024 | 12 replies
This reserve amount represents roughly 2–3 years of projected repair costs, which might be a conservative approach, but it gives us a buffer for unexpected, high cost repairs when they pop up.With a larger portfolio, the reserve pool wouldn’t need to grow proportionally, as funds and repairs can be balanced across properties, allowing costs to offset each other over time.
25 November 2024 | 14 replies
You would be surprised how cheap a HELOC payment is when it's interest only.Put in some LVP flooring.
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22 November 2024 | 12 replies
I will say the SBA never even asked for my flood insurance (which was surprising).
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17 November 2024 | 2 replies
Many investors hesitate to start their next fix-and-flip project due to barriers like limited funding, uncertainty in market conditions, lack of experience in estimating renovation costs, or fear of unexpected delays and expenses.
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20 November 2024 | 2 replies
Nashville Yards is set to open in the Spring and the new Pinnacle tower is gaining office tenants like crazy - much to my surprise.
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24 November 2024 | 19 replies
Not surprisingly, I've been underwhelmed.Would LOVE to connect and share Central Maine investing.
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20 November 2024 | 11 replies
I leave virtual staging out of these photos if vacant, so there are no big surprises when people come to see the house, and it's empty.
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19 November 2024 | 1 reply
Be upfront with tenants about lease terms to avoid surprises, and those summer STR rates?