Lauren Rangely
Foundation repair options
7 January 2025 | 5 replies
Then do a 'seismic strapping' to aid in halting further movement.IMHO this should cost closer to $20,000.
Joseph Kirk
Advice on entering the fix & flip industry
5 January 2025 | 17 replies
Analyze potential deals by estimating the After Repair Value (ARV), repair costs, and total expenses.
Jared Mink
Evicting Tenants prior to or at purchase
6 January 2025 | 1 reply
The seller will lose some rent, potentially incur costs to evict, possibly costs to clean out the units depending on your sales agreement.
David Oh
Profit Sharing Bonus for Property Mangement Staff
15 January 2025 | 8 replies
You’re on the right track—build awareness of costs where it directly impacts their role, but don’t overcomplicate the program with factors they can’t control.
John ONeill
Confessions of a First-Time Flipper: What I Wish I Knew Before I Started!
13 January 2025 | 11 replies
Be conservative on your rehab budget, rehab timeline, holding costs, etc.
Desiree Rejeili
What To Save for When Buying a Home
9 January 2025 | 0 replies
Closing CostsMake sure you also budget for closing costs, which are a collection of fees and payments made to the various parties involved in your transaction.
Zachary Rosa
1031 or not!
11 January 2025 | 7 replies
You could also get a line of credit for about $150k (you should be able to borrow 75% of the value.)The reason I suggest this is…1) you save $40-$60k in selling costs. 2) you have a lower blended interest rate (2/3rds at 3.25% and 1/3rd at 7 or 8% instead of the whole $500k at 7 or 8%) saving you another $1k/mo in interest. 3) you only pay interest on that $150k when you actually use it, not from day 1 Unless you hate this property, or want to buy something you can’t afford without selling, that would be my plan.
Victoria Redlin
HELOAN or HELOC, (December 2024)
14 December 2024 | 4 replies
Two notes:1) The solar company may give you the best interest rate.2) If the power goes out, you still don’t have power if you have solar.
Pamela Rivas
Can foreigners buy Real Estate in Mexico? Legal process explained!
16 January 2025 | 4 replies
Given the latter costs, a corporation can be the best solution only if you buy multiple properties.