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5 July 2024 | 3 replies
I'm in the process of learning the "right" way to calculate ARV and repair costs as well.
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2 July 2024 | 0 replies
This deal showcased our effective renovation strategy and commitment to delivering profitable outcomes.
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5 July 2024 | 11 replies
All of their college costs are saved for.
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6 July 2024 | 7 replies
When you look at your insurance policy you will see that the replacement cost of the duplex is around $450,000.
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5 July 2024 | 5 replies
So the Pro membership does not include everything the lower cost memberships offer?
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6 July 2024 | 24 replies
If your tenants start leaving at the end of every leasing cycle it will cost you dearly.
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6 July 2024 | 2 replies
Since you'd be looking to hold this property long term, look at what the property's cash flow and appreciation would potentially be 5-10 years down the road to help inform your decision.All that being said, if you feel confident that you can cover the maintenance, capex, vacancy loss, turn expenses, and leasing costs for a few years while you wait for the cash flow to improve, and you have enough risk tolerance to handle a potentially difficult tenant in the first few months which could lead to zero rent coming in during that transition to getting a new tenant in place, then it sounds like a solid deal to get into with $0 down.Lastly, I'll also caveat all of my statements above by mentioning that this all requires you to self-manage the property.
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5 July 2024 | 3 replies
Then I would get an attorney to help with the eviction cost.
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2 July 2024 | 1 reply
Requesting Buyer to assist on Closing CostsWe requested the seller to offer cash towards our closing costs.