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1 November 2024 | 19 replies
We went way over our expected budget - by far our worse budget miss ever (remarkably we were only 0.5 week over our 2 month timeline).Using my rule, take the estimates and double them then add for lost occupancy and that is what I would be seeking or the owner have the work done using licensed contractors and do the work, take the risks, and suffer the vacancy costs.If you purchase having to do the work and your appraisal can handle it, the credit at closing is superior to price discount.
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31 October 2024 | 8 replies
I don't need lead generation, or budgeting.
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31 October 2024 | 6 replies
You need people like this so you can budget for projects.
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29 October 2024 | 4 replies
You could do a WED 5-6, SAT 12-1, and SUN 10-11.
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1 November 2024 | 5 replies
Failing to budget correctly for repairs or not accounting for unexpected expenses can cause you to go over budget.
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1 November 2024 | 4 replies
Above all, my priority is a project that stays on budget and time (easy right?
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6 November 2024 | 42 replies
You can still find a place that will do 15% cash on cash if you are patient.The real opportunity now is if you have the guts and budget to take on projects in the older inventory of homes here.
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31 October 2024 | 1 reply
Owasso is another area to consider, though prices there may be on the upper end of your budget, but the rental demand is strong due to local amenities and a community-focused environment.For a buy-and-hold strategy, these areas tend to offer good rental demand, relatively low vacancy rates, and potential appreciation over time.
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31 October 2024 | 14 replies
You ideally don't want you purchase price + rehab budget to exceed 60-65% of the ARV to properly BRRRR, as most of the time you'll only be able to refinance at 75% of the ARV.
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31 October 2024 | 2 replies
I’ve used other budgeting apps that sync just fine using third-party services, so it’s wild to me that Stessa can’t get it together.The only reason I haven’t bailed on Stessa yet is that it’s the only one I know of that syncs with AppFolio—which is a must since my property manager uses it, too.