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23 February 2024 | 3 replies
This rental property will be designed with a keen focus on generating a healthy cash flow.Project Blueprint:Budget: Allocated at $200,000, covering construction and all related expenses.Focus: To merge energy efficiency, durability, and tenant comfort with cost-effective construction strategies, making the rentals both affordable and sustainable.Location: Currently scouting – I'm open to suggestions and insights on ideal locations supporting this vision.Strategic Planning:Efficient Design & Planning: I'm considering compact, multi-functional layouts to optimize space usage and incorporate cost-saving construction methods without compromising quality.Sustainability & Efficiency: The plan includes investing in top-notch insulation, air sealing, energy-efficient systems, and sustainable materials to reduce the building's carbon footprint and operational costs.Budget Management & Cost-Saving Initiatives: Careful budgeting and exploring value engineering options are crucial, alongside seeking out grants or incentives for energy-efficient building projects.Community & Sustainability Goals: To create shared amenities to foster a community feel and implement systems encouraging tenants to monitor and reduce their energy consumption.Seeking Community Insights on:Cost-Effective Building Strategies: How can I ensure the project remains within budget while achieving high sustainability and efficiency standards?
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23 February 2024 | 6 replies
My best deal was an 81% cash on cash return that does not include the appreciation of an additional $60-80k in the last 2 years or the cost seg that got me a $90k tax write off.
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23 February 2024 | 21 replies
If you're in Richmond, go to our local real estate networking groups including Richmond RING.
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23 February 2024 | 13 replies
We are on 15 channels to include Airbnb, VRBO, Booking.com, Marriott Homes & Villas, JetBlue Airlines, Allegiant airlines, Homes2Go and more.
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23 February 2024 | 2 replies
Request that your attorney include that contingency clause in the PSA.
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23 February 2024 | 5 replies
Lake Lure is superior to Maggie Valley in the opinion of many, including me.
23 February 2024 | 8 replies
However, it's important to consider the risks involved, including over-leveraging, the costs associated with rehab, potential vacancies, and the complexities of managing multiple rental properties.Given your conservative investment approach, it's essential to carefully assess these factors and perhaps start with one additional property to get a feel for the process before scaling up.
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23 February 2024 | 1 reply
Is there anything we need to ensure is included in contract or other legal requirements so we can verify this is legitimate and extract her from it if not?
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22 February 2024 | 0 replies
Consumers showed more interest in townhomes and condominiums for rent in January.
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23 February 2024 | 2 replies
Louis that can assist you including my attorney When investing out of state one of our first steps is to have cameras installed at the propertyAlso there is actually a group on face called Deals Gone bad St.