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17 February 2025 | 5 replies
If your experience has gone downhill since the merger, it may be worth switching to a more proactive manager—even if there's a cost involved.Before making the move, ask the new PM how they plan to improve visibility and fill your vacancy quickly.
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29 January 2025 | 5 replies
In any case, successful wholesaling REQUIRES the knowledge, experience, and ability to accurately estimate repair and rehab costs and time.
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3 February 2025 | 2 replies
My model is NOT good for LTR as it's not cost effective.
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11 February 2025 | 4 replies
Your ability to accurately estimate costs and efficiently manage renovations makes you an extremely valuable partner in any deal.
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15 February 2025 | 17 replies
I am open to it- but unfortunately, I am not looking to move until another 2-3 years- my partner and I rent an apartment on IOP and we love the location and the cost is actually incredibly low which is great.
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10 February 2025 | 12 replies
It is always valuable to be able to walk into a property an analyze cost to repair, it is a huge factor in determining the feasability.
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3 February 2025 | 15 replies
Some may have very small thresholds for repair holdbacks on purchases but this is typically limited to make ready items not to exceed $2,500 in costs to cure.
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6 February 2025 | 18 replies
Even if they don't realize how much money you're costing them now, someone will tell them eventually and I don't think your canned wholesaling response is going to do much to repair the damage.
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4 February 2025 | 1 reply
Creative Freedom: You get to design and transform spaces, which can be personally fulfilling.The Bad: Where Flippers Lose Money⚠️ Underestimating Repair Costs: Surprise structural issues, contractor delays, and material price spikes can kill your budget.⚠️ Market Changes: A hot market today might cool down before you sell, which reduces the profit.⚠️ Financing Challenges: Hard money loans carry high interest rates that nibble into the bottom line.Unrealistic timelines: If you think you're going to be in and out in 60 days, you're sadly mistaken-most flips take longer than expected.Real Talk: Is Fix and Flip Still Worth It?