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8 April 2024 | 29 replies
And/or assume that everything is trashed and you have to rehab the entire house.I have bought houses without going inside, but you can usually get on the property and look in some windows. check the roof, exterior siding, main panel, etc and get a pretty good idea of what the house will need.
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5 April 2024 | 8 replies
We also have a strict set of guidelines we use to help limit the number of inquires...they'll self select.
6 April 2024 | 12 replies
I was talking to some investor friends and they're counting Zoom office hours with other investors to brainstorm ideas in their REPS hours.
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10 April 2024 | 37 replies
It's always a good idea to do thorough research and consider different perspectives before diving into any investment opportunity, especially one as complex as this.
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6 April 2024 | 5 replies
I am a first time real estate investor looking the following property : https://www.redfin.com/OR/Forest-Grove/2418-Cedar-Cir-97116/...its a pretty large duplex in Forest Grove OR, the trick is though, its on a lot zoned for a 4 plex so I am lookinginto house hacking, converting into a triplex, then living in one unit while renting out the remaining two unitsThe left garage has been converted to living space, with a living room, half bath, a laundry room with a sink and some counters/cupboards and a bedroom, it is a part of what was an existing 3bd unitIf I were to acquire the asset, I would first attempt to convert that space into its own unit The line items as I see (be in mind, I am totally new to this) would be to >put up dry wall where the door to the rest of the house is,>add a shower to the half bathroom >install a water heater in the adjacent 3bd unit> install a kitchen in the laundry room, (stove , oven , sink, counter space)>add a shower to the half bath Assuming I can convert it to a 3plex, I could at-least cash flow on my investment after I leave My plan would be to put minimum down payment of 3.5% (FHA loan) that way I can have a decent amount of capital free to do the renovationsThe only concern is when I crunch the numbers to get my ROI, I have no idea how much its going to cost to convert the additional living space to a third unitAny experienced investors here know how I can estimate this before I try to make an offer?
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5 April 2024 | 2 replies
Criminal background is limited in what you can refuse.
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7 April 2024 | 3 replies
The idea that you can build wealth without putting any money into it is a recipe for disaster and the sales pitch of gurus trying to steal your money.
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7 April 2024 | 5 replies
Might be a good idea to open a checking/savings account with them rather than having to transfer the money to another bank to access a cashier's check or wire.
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8 April 2024 | 37 replies
The income limit is 160k!
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4 April 2024 | 42 replies
I recently saw an add or a post about Rad Diversified. It's a REIT and they claim their return was 36% last year. They specialize in tax deed purchases, rehab, tenant occupy then cash out and refi and repeat the proce...