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10 March 2020 | 11 replies
If you talk to your family and friends and old co-workers, you can tell them that you are in the business now and ask if there is anything you can do for them.
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23 August 2020 | 19 replies
I am not a tax professional and as such, this should not be co trued as tax or legal advice, just my experience from investing from CA out of state.
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2 March 2020 | 3 replies
You also want someone who uses an online PM software for larger projects that you can login to to monitor progress and budgets etc. like Co-construct or BuilderTrend,
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3 March 2020 | 14 replies
Yes, in cases where a property cannot be divided between co-owners, a court may order it sold and the proceeds divided.
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6 March 2020 | 0 replies
Investment Info:Single-family residence fix & flip investment in Denver.
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7 June 2020 | 12 replies
This is not a co-mingled tenancy by gender situation.
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6 March 2020 | 0 replies
Investment Info:Single-family residence fix & flip investment in Denver.
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19 April 2020 | 4 replies
Here is alink to play with the numbers:https://homeguide.com/costs/co...
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9 March 2020 | 7 replies
I live in Denver and have done both.
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9 May 2020 | 8 replies
We are now one week into the rehab as I type this.Current BRRR Numbers:Pre-closing Costs: $2,740Plumbing inspection (because the house needed to be dewinterized, $150)Home inspection ($525)Appraisal ($655)Electrical inspection (because power was off on the day of the appraisal, $150)CO and Smoke Alarm ($366.57)CO and Smoke inspection ($52.50)Rehab consultant ($840)Kitchen Appliances: $2,000 (estimated)Plumbing: $7,300 (estimated)Oil tank ($1,800)Water heater ($1,000)Chimney liner ($2,000)Re-piping as needed ($2,500)General Contractor: $32,000Roof replacementDrywall patching and painting of entire house (trim, wall, ceilings)2nd floor bathroom spruce-upClosing exterior door in master bedroom and finish sidingBuilding two closets in two bedroomsBroken window repairsWindow frame repairsScrape and paint area over bulkheadFinish floorsRemove and dispose drywall from basement spacesRear deck repairFront steps repairInstall handrail to basementFoundation masonry repair and paintingRepair cement stepPatch area of exterior trim near kitchenPatch two rotted window sillsCap extra basement doorFill in dining room windowAsbestos: $1,500Electrical: $2,000 (estimated)Closing Costs: $3,733Home Purchase Price: $149,000Total All In: $200,472Expected ARV = $250,000 (initial appraisal for rehab loan came in at $235,000)Amount I have invested in the deal = $50,000Expected Cash Out at 80% = $50,000The situation is still very fluid, as we still have at least three more weeks of the rehab in front of us, but the numbers thus far are still looking promising, despite all of the surprises.