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30 September 2024 | 4 replies
Their system is great and will definitely be good to use as you scale up.
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22 September 2024 | 7 replies
He earned quick money as a wholesaler, and I have a house to keep)Rehab cost: $20k (vinyl floor, interior paint, new dual pane windows, new toilets and bathroom vanities, lights, new landscape, new AC condenser, all done by handyman, spent some extra money for minor plumbing and electric jobs, hydro jet sewer lines, clean up attic (had mice), added some insulationTime spent: 3 weeks (two handymen for the first two weeks, one for the last week)Value after repair: probably around $440kJobs still need to be done later: some dryrots, roof work (it's tile roof, roof doctor quoted me $9k, handyman said probably $5k, home inspector said $15k you can get a new shingle roof.
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30 September 2024 | 21 replies
My partners and I own an LLC made up of all 3 of our SDIRAs and another made up of our SOLO401Ks (great if you qualify).
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30 September 2024 | 1 reply
I know from experience that things will ALWAYS COME UP IN RENOVATIONS and it can honestly be hard to agree on the allocated time for some of these changes)- Plus many more items - it's easy to get out of control with contracts.
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24 September 2024 | 22 replies
You may well end up having to pay for access or pay to get specific records.Title companies can help, too.
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1 October 2024 | 9 replies
Build up a portfolio of completed BRRRR's, flips and a solid contracting team.
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29 September 2024 | 11 replies
For instance, with STRs, why won't an investor spend an hour on AirBNB for their area to identify listings that:1) rank the highest2) occupancy 95%+3) ADR $750+4) hosts have 2+ properties5) listings are branded with 20k+ Instagram followersetcThen, reach out to those top operators; as many don't have the time or gave up on cold outreach, yet they've done the hardest 90%, have skin in the game, and outcompeted thousands of listings nearby.
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18 September 2024 | 10 replies
How does everyone handle cleaning the bedding during turnovers?
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30 September 2024 | 9 replies
I would like coverage starting from the time I take possession, during renovation and up until the time it sells.
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1 October 2024 | 8 replies
As you learn go to meet ups, try to network/glean from experienced people and listen to podcasts/videos.