18 July 2024 | 6 replies
Would talk to contractors and get a sense of renovation costs and ARVs.

21 July 2024 | 7 replies
I've seen a lot of conflicting advice that cautions to avoid areas with high crime rates due to complications and extra costs from the tenant base and property crime.I understand that both cities have shown crime rate improvements, but their overall rates are still way above average.What makes these cities attractive for investment despite this?

21 July 2024 | 2 replies
You can use your commission to lower your closing costs or buy down your rate.

18 July 2024 | 24 replies
Constant housekeeping complaints, bookkeeping errors, them using my property for their personal gain without me knowing it, charging outrageous "fees" that they didn't share with me, which effectively lowered my rents, and questionable repairs and maintenance expenses and quality.

20 July 2024 | 13 replies
If you are comparing the same exact interest rates then 20% will cost 1.625 -1.75 points more than a 25% down payment.

20 July 2024 | 10 replies
It's about researching and networking effectively but most importantly, building relationships with local experts like property managers, contractors, and real estate agents.The BRRRR strategy can be profitable but it relies heavily on trustworthy partners.

20 July 2024 | 4 replies
I have identified an ideal location, and the agent has informed me that the rent is $45 per square foot NNN, plus an additional $5 per square foot.Upon calculating the total annual cost, it appears that I would be responsible for over $80,000 per year.

21 July 2024 | 2 replies
And their investment at cost would be earning 17% + !

17 July 2024 | 4 replies
Our approach for implementation is to break all repairs into 4 categories by priority:1) Health & Safety - most important as could result in tenant lawsuit2) Property Preservation & Government Requirements - don't ignore a roof leak that costs hundreds to fix now, but will costs thousands in the future.

21 July 2024 | 16 replies
And of course a great BRRR lender who can fund on time every time. in my business I only work with experienced BRRR folks and as such I become a capital partner and allow them to scale with very minimum amount of capital and they dont make monthly payments. this is huge its the up front costs that usually hold folks back from scaling. so if they find someone like me then they can 10X what they are doing..