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5 December 2024 | 17 replies
This of course depends on your starting bank roll - but if its like mine (under 100k) - Im trying to put as little as possible into it on top of initial equity and fees.this will likely chew a big hole in your ROI (now if you are looking to improve value with a cash out refi or a great prospect comes along that needs combo new plumbing, roof, windows, foundation repair, etc - well just make sure you know what youre getting into and/or have a good contractor and finger on the pulse of the market when estimating the ARV YOURSELF - couple missed items and you risk having a bad first investment and not doing it again). 7) dont be scared be ambitious ( i should heed my own advice sometimes) 8) define numbers goals within your target areas.
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30 November 2024 | 2 replies
., missing property taxes or HOA fees), unreliable rent estimates, and the time-consuming process of manually calculating metrics like cash flow or ROI.Platform Preference: A web-based platform would work well for in-depth analysis, but a mobile app would be crucial for on-the-go research and quick evaluations, especially when touring properties.Wish-List Features: A tool that integrates local market data (rental demand, appreciation rates, or vacancy rates) and offers scenario modeling (e.g., "What happens if I increase rents by 10%?")
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26 November 2024 | 9 replies
Patch, sand, prime and paint the holes and paint to match the wall.
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6 December 2024 | 21 replies
Not so much for step by step guidance but for "check in" to make sure there's something I may be missing (or have incorrect).
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7 December 2024 | 150 replies
RE is related only to the extent that RE is the collateral, note investing is an area of finance.You don't need an MBA in finance, but you do need to understand the financial arena and mostly it's about laws relating to both finance and real estate.Doug, sorry I missed mentioning you.
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28 November 2024 | 4 replies
What info might I be missing?
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14 December 2024 | 101 replies
Since I always wanted to learn more about real estate and OMG, he was good at selling (plus they create an atmosphere of preying on people's fear of missing out).
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1 December 2024 | 4 replies
If you buy with a tenant in place, you save yourself the hassle of paperwork and inspections upfront, but you miss the chance to screen the tenant yourself—which can be risky.
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3 December 2024 | 9 replies
U pay for them they deliver them you turn them in only to find out they are missing all sorts of information and not up to date for the new codes..