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21 October 2020 | 78 replies
I'm not a big fan of BRRRs.https://www.biggerpockets.com/...Note this is coming from an Accredited investors POV who used to do turnkey rentals.I personally would not do Remote BRRR as there is just a lot of risk with 1) risk of embezzlement with contractors 2) change orders and 3) bank doing bait and switch doing a lower appraisal and/or LTV on the refinance.This is especially true for high paid professional or those with a net worth of over $300,000.
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27 September 2020 | 11 replies
We had many applicants.Landscaping clean up, patched concrete, installed digital locks front and back, sanded and painted both entry doors, repaired all the panels on back of porch, replaced window screens, fixed garage door and opener, replaced most of the bathroom, painted all interior walls and ceilings, updated the kitchen with new counters, adjusted the cabinets to accommodate 30” stove, installed new appliances, paint4d everything, refinished the hardwood floors, replaced light fixtures and added ceiling fans.
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30 September 2020 | 16 replies
I am originally from Rhode Island (our market is horrible) however I know the New England area well.
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8 May 2021 | 11 replies
I am definitely a big fan of Cozy and have recommended it to all of my landlord friends.
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28 October 2020 | 15 replies
Our contractor works both cheap and great, but since we weren't 100% clear on everything we wanted done (there were 2 fans without blades for example), our property manager had to go back in and put on the finishing touches.
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10 November 2020 | 10 replies
Personally, I'm a big fan of minimal debt and try to always put at least 20% down on my properties and leave it there.
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28 September 2020 | 5 replies
I'm not a big fan of this option as you have two sets of loan fees, but it's there as well.
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27 September 2020 | 0 replies
I am a fan of pushing yourself out of your comfort zone but in a controlled way.
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27 September 2020 | 0 replies
Purchase price: $83,000 Cash invested: $28,000 Sale price: $141,000 Mostly cosmetic; sales desc: Custom Pueblo home with many new updates to include: thermoplastic polyolefin (TPO) roof, premium stucco finish in Cottonwood by El Rey, hand-welded custom security gate, lighting fixtures and ceiling fans, KOHLER Staccato sink, plumbing fixtures, Williamsburg Maple & Acacia butcher block countertops, Fireside African Rosewood Laminate Flooring in all bedrooms (no carpet!)
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27 September 2020 | 0 replies
Purchase price: $83,000 Cash invested: $28,000 Sale price: $141,000 Mostly cosmetic; sales desc: Custom Pueblo home with many new updates to include: thermoplastic polyolefin (TPO) roof, premium stucco finish in Cottonwood by El Rey, hand-welded custom security gate, lighting fixtures and ceiling fans, KOHLER Staccato sink, plumbing fixtures, Williamsburg Maple & Acacia butcher block countertops, Fireside African Rosewood Laminate Flooring in all bedrooms (no carpet!)