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12 September 2021 | 2 replies
Wanting to serve the community by providing safe, clean and beautiful homes that are within budgets.
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20 September 2021 | 7 replies
I've ordered the BRRRR book from BiggerPockets, and I've listened to BP Episode 327 where they do a BRRRR deep dive where David softly advised against this (@ 1:19:48 in BP 327) because it wasn't efficient, but I wanna learn more and see if it would be a good-enough way to get into real estate for someone in my position.I'm estimating that by the time I'm ready to buy--November 2022--I'll have $70,000 (not including my emergency fund) in cash for everything: cosmetic-only renovations, initial down payment, closing costs, etc.
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14 September 2021 | 5 replies
Pick an asset class: Class A, B, C & D properties, research pros & cons, pick one to focus onPick a real estate market that matches your resources & goalsContact local agents & PMC’s to start sending you listings to analyzeAnalyze a few deals weekly, get comfortable with the market and refine what you're looking for You might want to follow the "Deep Dive" series we're doing on our BiggerPockets blog about Metro Detroit cities and City of Detroit Neighborhoods:https://www.biggerpockets.com/...
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13 September 2021 | 6 replies
The 20-25% down maybe a blocker from purchasing it from the start in a LLC, but my recommendation would be to plan to refinance into a LLC as soon as there is enough equity to do so in order to keep things “clean”.
15 September 2021 | 20 replies
Post all your numbers including your down payment, or will you pay cash.It sounds like a super great deal for a person who knows how to do the project with the least amount of time and hassle, but the major problem may be the rents are to low to cover future expenses like the cost to clean and make repairs when tenants move, for water heaters, furnaces and repairs, roof repairs, etc.
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21 September 2021 | 7 replies
High risk of being hassled.You'll need to have house clean and ready for someone on Friday afternoon to be able to rent for the weekend.Long weekends you might need to back that up to Thursday.
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21 September 2021 | 6 replies
Been thru 3 cleaning people. 2 were great and one not so much.
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22 September 2021 | 7 replies
@Caleb Stevens unless you need some serious deep cleaning on really expensive carpets then your best bet is to rent one at home depot for a fraction of the price.
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22 September 2021 | 13 replies
It just says "For one house/dwelling the first months rent to clean, photograph, screen and place the tenant, and 10% of the monthly rent to manage it."
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29 September 2021 | 7 replies
Always make sure you are clear as to what the clean up/haul away plan is and who is responsible.As far as what jobs I use this on, as a lot of things, it kind of depends on your risk tolerance.