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21 December 2024 | 7 replies
So I’d like my property to be close because until I grow I will be doing any repairs and updating.
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20 December 2024 | 14 replies
What is the loan-to-value (LTV) or after-repair value (ARV) ratio that you offer?
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19 December 2024 | 1 reply
Cash invested: $80,000 Acquired this property Sub-to as a quick flip with minimal repairs required.
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17 December 2024 | 17 replies
Yes, estimated about $30-35K in repairs and negotiated that into the purchase price as best as I could.
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19 December 2024 | 5 replies
First you need to learn to separate the following:Maintenance: usually things related to wear & tear or tenant damage.Repairs: usually broken items like doors & windows, caused by tenant or nature.Capital Improvements: usually expensive things that wear out: hot water tanks, furnaces, roofs, etc.The seller is correct that Repairs & Capital Improvement items should not be a factor for awhile (ALWAYS get your own inspection to confirm).
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17 December 2024 | 15 replies
Always fix all water issues first before moving on to doing major repairs of a structural nature.
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20 December 2024 | 2 replies
Out-of-pocket capital improvements and repairs anticipated during the first year12.
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21 December 2024 | 20 replies
I talked to numerous California investors in real life and phone/Zoom calls who have lost money in far away OOS markets, mostly Midwest markets (e.g. repairs, capital expenses, bad tenants, properties vandalized while under renovation, evicted tenant stole all the appliances, property managers with high fees or overcharging for repairs).
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23 December 2024 | 17 replies
Other than that, the city is largely residential with many jobs focused around providing for those residential needs such as the service industry sector, home repair, construction, etc.
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19 December 2024 | 4 replies
(@Jonathan Greene DM us if you'd like to chat about them)Regarding turnkey in Metro Detroit, haven't seen anyone do it the right way:( We've picked up dozens of their clients that fire them due to poor tenant performance and nonstop repairs on their "turnkey" properties.