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9 April 2024 | 7 replies
I actually started flipping with little money and then transitioned to wholesaling because my goal is to build an active business in real estate, and for me, wholesaling was and is more scalable and profitable than flipping.People tend to think wholesaling is easy based on how gurus portray it online, but it's not.
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8 April 2024 | 8 replies
(even more expensive due to volume and high overhead)I brew better (and cheaper) coffee at home than either of these two options :) I like Philz Coffee, but right now I think it is only available on the West Coast :) You can brew it at home or drop by.
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9 April 2024 | 6 replies
I think bringing a design expert to run through these properties with the contractors and put together the design based on a specific budget would be a good idea.
9 April 2024 | 2 replies
The tenant is telling the PM that HUD was approving based on old income and they are going to have it readjusted.
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9 April 2024 | 7 replies
Usually takes 3 years to cycle through customers till you get a base of good customers.
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7 April 2024 | 9 replies
I would suggest a price drop, but you say its competitive.
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9 April 2024 | 12 replies
This isn't just about keeping things organized; it's your safety net if things escalate legally.Legal Grounds Check: It's wise to touch base with a legal expert familiar with your local landlord-tenant laws.
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8 April 2024 | 16 replies
We made some adjustments to our pricing earlier this Summer 2022 to reflect some material pricing changes that we have seen.With that said, construction pricing can vary substantially based upon many factors including the project location, property type, specific SOW, material selections, contractors used, season of the year, etc.In fact, pricing can vary substantially from investor-to-investor and every investor will have different prices they use.
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9 April 2024 | 5 replies
Net income = $39,240Monthly operating expenses are as follows: Trash - $33, Landscaping/yard - $66, Electric - tenants pay, Water - $95, Maintenance $87Monthly taxes about 3KSo, gross expenses are at $41,064If I'm doing the calculations correctly, my net operating income is -$21,888 and cap rate is -3.4%.Obviously the current numbers look terrible for this investment, but I feel like the rent should be raised significantly based on comps (above 2K each unit).
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8 April 2024 | 0 replies
I’m based outside Houston, I bring over 14 years of managerial experience in chemical manufacturing to the table.