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11 January 2025 | 31 replies
As for repairs on the purchase of a home prior to auction there are some professionals utilized by the professionals for costs to repair the home in best and worst case scenarios.
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25 December 2024 | 10 replies
Try some broken record techniques repeating, rephrasing, etc.
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9 January 2025 | 28 replies
20k is just your reserves for repairs once you buy with the minimum being 15k.
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26 December 2024 | 7 replies
Subtract more for AirBnB charges, local management, repairs, cleaning, etc and there is not a lot left to pay the mortgage.
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21 December 2024 | 8 replies
Simply put, there are a few ways to go about it and we will share our most effective techniques with you below.Use the Search Feature to Discover Motivated SellersWhether you’re spending time on Facebook, Twitter, Instagram, or another social media platform, the search feature could come in very handy to help you discover motivated sellers.
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2 January 2025 | 25 replies
You don't want negative feedback on your review.I don't like to make repairs.
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9 January 2025 | 116 replies
Rent Per Unit $650 $700 Other Income $750 $800 Less Vacancy $(3,120) $(3,360) Operating Expenses $18,790 $19,809 Repairs $4,000 $4,200 Capital Expenses $2,000 $2,100 Landscaping $1,500 $1,575 Utilities Vacant Units $288 $302 Property Taxes $6,000 $6,300 Insurance $1,500 $1,575 Management $3,002 $3,232 Other $500 $525 Net Operating Income $41,241 $44,831 Financing Expenses $22,224 $22,224 Cashflow $19,017 $22,607 Down Payment $21,000 $21,000 Cash on Cash Return 90.55% 107.65% Keep in mind, this return doesn't even include the principle pay down on the loans.
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30 December 2024 | 4 replies
The difference between the cost for a specific repair / renovation if you have a crew or need to find someone on a first time basis can be significant.
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27 December 2024 | 16 replies
Hi Leah, I don't agree with the comments about wholesalers I've helped a lot of people struggling to get out of their properties, especially when realtors are asking them to do repairs they don't want to or can't do.
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28 December 2024 | 1 reply
Here are a few lessons I learned during the renovation, many of which stemmed from the age of the house and unexpected hidden damages:1.Damaged Plumbing: Several plumbing pipes were ruptured or severely damaged, requiring replacement.2.Termite Infestation: I discovered termites, which led to additional costs for treatment and repairs.3.Rotted Wood: Significant sections of wood in the structure were rotted and had to be replaced.4.Lack of Insulation: There was no insulation in the att Did you work with any real estate professionals (agents, lenders, etc.) that you'd recommend to others?