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16 March 2024 | 2 replies
Also discuss with the contractor the time expected for the project if its small, mid or large and if it needs permits and how long would it take for permitting and all, also payment terms, make sure you go with payment terms that are fair to you and the contractor (so many terms but most common is monthly based on completed work with an upfront for materials) and ALWAYS keep the last payment until project is closed (retainage) and you do your walkthrough and if there's any issues you write them down and provide the contractor with (punch list to release the retainer once they're corrected or fixed). read about how to deal with contractors and always ask for references but it really depends on how big the job is, personally I wouldn't spend too much time doing due diligence on small jobs such as door latches or shelving rather on additions, layout change and other scopes.Good luck!
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16 March 2024 | 8 replies
Just wondering since your last post, how has your progress been in the area?
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17 March 2024 | 16 replies
My house has appreciated nearly 180k over the last 6 years.
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16 March 2024 | 10 replies
Last remaining thing which will save me money on wind is to replace some of the windows with impact windows.
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17 March 2024 | 17 replies
Cross posting as I cannot edit the post in the other forumI'm relatively new here and have ventured into real estate investment over the last two years with two single-family homes (SFH).
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16 March 2024 | 5 replies
My last two clients closed on houses that became 8 bedrooms rent by room house hacks that cash flow, so it is possible in this market.2) Multifamily - Purchase a 2-4 unit property with 5% down conventional loan, and live in one unit and rent out the others.
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16 March 2024 | 6 replies
Whoops.....But I have been telling other's the same thing throughout the last year.
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16 March 2024 | 4 replies
@Nicholas L.Of course, additional rules won't protect 100% but at least something to use if anything goes wrong because my last tenant cost me more than 7K to repair.
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16 March 2024 | 6 replies
I've had more and more clients go up that way over the last year due to the affordability.