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4 October 2024 | 2 replies
The only time we ever have a leverage cut is if the appraisal comes back rural, market rent is significantly less, or the credit score dropped under 700.
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3 October 2024 | 4 replies
Turns out, during construction, one of our vendors flushed something down the toilet, causing a clog, which led to the system overflowing and flooding the home.We ended up having to cut and replace drywall in multiple rooms and swap out the wet carpet, which will cost us around $10K.Mishaps like this will happen in Real Estate.
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2 October 2024 | 10 replies
I have a duplex where the plumbing was getting backed up.Had a plumber go out there and put a camera in the lines and turns out there are roots growing into the plumbing from a nearby tree.The quote to rip out and replace the plumbing was a staggering number.My thought is to cut down the tree to stop the growing and then eventually put the liner in the plumbing.Any experience with this?
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2 October 2024 | 13 replies
Lots of trees to cut up and haul off.
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4 October 2024 | 8 replies
Hey Brian, you're not cash flowing, but you've significantly cut your living expenses!
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7 October 2024 | 20 replies
I can only assume that it is because the situation was so clear cut that they were a REP (IE full time development), the audits were focused around other issues.
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3 October 2024 | 8 replies
If the platform feels like you are trying to cut them out of their fee, then you may lose the ability to list temporarily or permanently.
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9 October 2024 | 312 replies
I know Investors want to remain hopeful that things will pan out, but sometimes you just need to cut your losses and move on and stop the bleeding.
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4 October 2024 | 27 replies
Quite a steal and they get snatched up pretty quickly but if you crunch the numbers, even with the high interest rate you get pretty close to cutting even on your rent (after you allocate X amount to unforeseen property costs)
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4 October 2024 | 13 replies
I sent a licensed person yesterday who does repairs on doors and asked if we could somehow cut out the wood that is bad and replace.