Dave Zarcone
My first project - Rehabbing my aunt's dilapidated house
21 January 2018 | 12 replies
We're talking about tearing up all the pee-soaked carpet (dogs..) and bleaching/disinfecting the concrete foundation underneath, replacing a majority of the second floor sub-floor, fixing the roof, fixing the HVAC, repairing the garage (door hanging on by a thread), scrubbing and disinfecting all the cabinets (roach feces everywhere), tearing up and replacing the landscaping, fixing the roof, inspecting and repairing any water damage... the list goes on and on.
Bryan Chuchta
Buying and selling to current renters as owner financing.
14 September 2017 | 1 reply
The current tenants have been living in house for 2+ years and have been doing repairs themselves anyway.
Shulem Neuschloss
300k profit in one month? How are they doing this ???
14 September 2017 | 7 replies
The higher price is the after repair value.
Troy Luster
Carpet is Black and there are Holes in the Walls
16 September 2017 | 10 replies
I do think the property will sell below asking because of the condition and quality of tenants.
Johann Jells
What camera do you use for interiors?
15 September 2017 | 12 replies
You won't have a tripod, off camera flash, or post processing.DSLR will offer more flexibility, and precision, but quality will be hardly noticeable especially as screen size decreases (cell phones/laptops).
John Canque
What happens when lending liquidity dries up?
18 September 2017 | 10 replies
The best is to prepare for the worst, talk to a lender now pre=quality for a refinance ,make sure of your numbers when buying the asset
Ari Bachrach
Feedback needed on first deal
15 September 2017 | 3 replies
No work needed.Unit #2:Needs some minor repairs - estimates cost is about $1000 to replace a bathroom vanity, hand a curtain, and fix the garbage disposal.
Dave Anstatt
Partnering strategies w/ individuals having no financial risk
17 September 2017 | 3 replies
I've learned here that developing better systems, delegation of work/ responsibilities and building a team is the only way to maintain or increase project flow with the goal of achieving a better quality of life.
Andrew Brewer
cost per square foot for a new home in Durham NC
16 September 2017 | 10 replies
The problem is that the existing home was not maintained and has major issues (foundation, sagging floors, mold, possibly a new roof and new electrical) so I'm trying to get a ballpark for what it would cost to bring the existing house up to rental quality vs what it would cost to just bulldoze it and build new, or if its even worth touching at all considering the value of the property.
Account Closed
For 50+ MF, how common is it to show a loss after depreciation?
22 September 2017 | 25 replies
One downside is as mentioned by others to truly be passive you need a high quality product and lots of doors which can be very expensive.As an example let's say you need 100 doors to be passive at 80k a door for a nice product.