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10 February 2024 | 2 replies
Our group also did not prioritize exterior work other than landscaping/curb appeal.
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23 March 2022 | 3 replies
., avoids intense bidding wars common w/ turn-key properties), experience gained doing my first reno (I've got the time to manage the process), forced equity, being able to reverse engineer exactly what I know guests want (boosting my ADR), etc.Cons: given where the market is I likely won't acquire a property that fits my criteria cheap enough upfront to effectively BRRRR (i.e., won't get my reno money out immediately) - so this essentially adds to my initial out-of-pocket investment and reduces the remaining capital I have to invest in addl properties.
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10 February 2024 | 8 replies
I have read the forum for years, but I don't remember reading that most rentals had an indoor pool.It could also have to do with that owner spending all those boost credits.
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4 February 2024 | 21 replies
Here are some things I usually tell people: Leverage can be your friend- Debt can actually help you grow your portfolio faster and boost your returns in the long run.
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22 February 2019 | 17 replies
We move their belongings to the curb as Sheriff supervises and discover $8k in damages to heating system.
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11 June 2020 | 36 replies
I see this as a great way to continue to boost the local economy.
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21 July 2020 | 45 replies
In doing this I was able to purchase a great starter property within 3 months of this mindset change by doing the following:1) Connecting with a local agent/investor who was able to set me up with an MLS search that could fuel properties to be analyze with BP calculators.2) Working with local mortgage brokers to understand FHA owner occupant loans which combined with a state funded new-buyer assistance program (and negotiated seller paid closing costs) allowed me to close with only $2,000 out of pocket.3) Ultimately close on a base-hit property with virtually no money out of pocket, source my first tenants, do some basic cosmetic work to boost rents, and gain a TON of relatively low risk knowledge that will better set my up for future BRRRR investing.Although BRRRR is an amazing strategy, I highly recommend exploring house hacking in order to hit the ground running and get some experience under your belt.
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17 February 2024 | 0 replies
Refinished the original floors (massive value increase), fixed the heating and air system, painted all rooms, cleaned up the yard for curb appeal What was the outcome?
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19 February 2024 | 28 replies
A few key things to flush out.The homes best suited for lease options should be renovated for function and curb appeal.
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28 March 2018 | 32 replies
Bryan,I am not qualified as an expert here but my understanding is that when you are exceeding the $14,000 limit during pre-full retirement years you are paying back SS benefits so as to boost future benefits.