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18 July 2024 | 0 replies
Partner Driven financed the Greendale Lane deal using its own capital, covering the $165,000 purchase price and $35,000 in renovation costs.
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21 July 2024 | 16 replies
And of course a great BRRR lender who can fund on time every time. in my business I only work with experienced BRRR folks and as such I become a capital partner and allow them to scale with very minimum amount of capital and they dont make monthly payments. this is huge its the up front costs that usually hold folks back from scaling. so if they find someone like me then they can 10X what they are doing..
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20 July 2024 | 10 replies
In addition I have yet to encounter a seller cost of value add being as high as my conservative cost Projection for the value add.
15 July 2024 | 4 replies
Is there an acceptable max percentage to increase rent?
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20 July 2024 | 5 replies
Also, most of the stuff your list is low cost which is great, but once you start getting the deals and paying yourself back on the direct mail, double and triple those actions too (of course when you to a place financially that you can do that effectively).
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17 July 2024 | 4 replies
Each option has its pros and cons, and I'm hoping to get some insights from this community to make a more informed decision.Option 1: Building an ADUPros:Increased Property Value: An ADU can significantly increase the value of my primary residence.Control and Proximity: I can closely manage and maintain the property since it's on my land.Potential for Higher Rent: ADUs in bay area can fetch a good rental price.Flexible Use: ADUs can serve multiple purposes – home office, guest house, or rental unit.No Additional Land Purchase: Utilizing existing property means no extra cost for land acquisition.Foundation improvements: I will get an upgrade for my foundation which increase house stability.
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20 July 2024 | 15 replies
We have had noticable success increasing our Direct Bookings using this approach.
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20 July 2024 | 6 replies
They're offering the full asking price with a $1k escrow deposit, and they're also requesting $10k for closing costs.
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18 July 2024 | 4 replies
So if a property was offered at $500k, John might offer 2 parcels assessed value of $70k (cost him no more than $1k) and a seller financed note of $380k.
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18 July 2024 | 4 replies
The appraisal is often similar to the sale price of the property, so you might not increase the value right away.