9 March 2020 | 0 replies
Quick Question ..Does anybody have experience with small steel buildings for rentals like quonset built from the ground up?
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6 April 2020 | 28 replies
I would discuss with a financial adviser and put together a plan to create a more diversified overall investment portfolio that is done slowly in phases at the right time (in the mind of a financial adviser).
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10 March 2020 | 16 replies
Three years ago, devastating fires came through the Smoky Mountains and not only burned one of our cabins to the ground, but sent shock waves through our Property Management company that lasted 14 months
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17 March 2020 | 20 replies
In the great recession there was minimal impact on MF as a whole, with a majority of effects happening on ground up development or in the lower class properties and areas.
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10 March 2020 | 1 reply
Looking for recommendations for getting a phase 1 in Central NC.
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11 March 2020 | 9 replies
Not to be a simpleton but can you help me understand your calculation method and how you would use this during the analysis phase....Turnover is every 18 mnths and when the unit does turn the tenant replacement cost is 1 months rent.
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30 April 2020 | 11 replies
I will chime on here and give updates as things progress.Where: Houston, TXWhere did we find the property: WholesalerDetails: 4 Bed, 2 Bath, 2439SF, 2 Car garage.Purchase price: $189,900ARV: $320,000Rehab: $65,000.We did run into one problem as we were closing when I met the contractor out there we noticed the outlets weren't grounded.
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10 March 2020 | 7 replies
The people I have talked to about financing this deal tell me they won't do multiplex on a single-family or they will make me get two loans for the single-family and triplex which drive up the cost of the down payment, so I am interviewing more financing institutions and/or specialists but advice here would be welcome.The plan is for my business partner to house hack one of the units, while working on the ground to fix up the property, while I work on the business side, playing to our strengths.My notes for this property:Pensacola Fl 32507 – $349,900 - 1938On the market for a total of 268 days – estimated $1667 mortgage Single-family (1200 sqft) home with 3 unit in triplex (upstairs-1150 per month - 1422 sqft) bottom 2 units (ea. $800.00 per month-600 sqft) possible AirBnB would produce more income per month.1150+800+800=2750Expenses: Taxes $150, Insurance $100, flood insurance: Vacancy $100, Repairs $100, Cap Ex $100, Mortgage $1667 Utilities: Renters responsibility, Total $2217 per month Cash Flow= $533 per monthCash on Cash return: need total repair costsPros:Great neighborhoodTurnkeys come with propertiesNo major issues to the home found in the last inspection.Found no liens or back taxesConcerns: 1.
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14 March 2020 | 7 replies
@Dustin Hughes stay away from that outfit , There is no legal grounds for any upfront costs other than Credit Check and Property Appraisal when ready.
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19 March 2020 | 16 replies
Have you considered farm ground you can rent the ground out and the building site as additional income.