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5 October 2020 | 16 replies
.$1700 - 3 bedroom up - New floors, paint, knock down 1 wall, add washer dryer, modify front entrance for common foyer between units$1400 - Basement unfinished - turn into a 2 bedroom unit, kitchen, bathroom - 40'x20'Widen drivewaySplit hydro into two metersFix upper then rent (2 months) then work on lower (4 months)Refinance after 8-12 months.
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25 September 2020 | 4 replies
I would start by talking about what your long term goals are - a common ground.
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20 September 2020 | 2 replies
Explain that you are fixing up the common areas and need people to take their belongings out of the common space (and keep them out).If some are into gardening, tell them you are also doing the landscaping and are open to suggestions though that doesn't mean you are going to do them.
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11 January 2022 | 18 replies
It's not that common in Mexico but it exists.
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24 September 2020 | 4 replies
For example spell out what will happen if one person does not keep common areas clean, I would say that its up to the tenants to work it out amongst themselves.Also who will buy soap, toilet paper ext..
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21 September 2020 | 1 reply
That’s because it’s widely misunderstood, and because of that we’ll start with learning about the common misconceptions so you have a clear understanding of how IRR works.Don’t be alarmed by the following definition, because this isn’t advanced calculus, but IRR simply put is the percentage rate earned on each dollar invested for each period of time that it’s invested.
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21 September 2020 | 10 replies
@Blaine Alger the Owners with Low Financial Stability Scores is one that isn't as commonly available.
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30 September 2020 | 20 replies
When you buy a new property, it's common to figure out the delayed maintenance.
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21 September 2020 | 5 replies
I know certain things take experience with a dash of common sense, but when your savings is on the line, you want to evaluate your plan just as much at the properties you are trying to buy.I reached out to a few agents regarding OOS properties to ask about the areas from an investor's POV and it was almost like they didn't want to entertain the thought and were less than supportive of buying in certain areas.
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28 September 2020 | 6 replies
It'll require a Tenant in Common or Delaware Statutory Trust setup.