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26 August 2021 | 36 replies
If you do not use that business model then you will not achieve that goal.It is obvious that you don't have enough money to purchase even a 4-unit in Las Vegas for $200,000, total.I think I made it clear that you want to have 100% control of your money and you don't want to give your money to someone else and give that person the opportunity to tell you some b.s. about how your money went south along with the deal he was managing.I see the word 'house hacking' on BP every day and don't have a clue what it is and I really don't know what BRRR is nor how effective it is, but what little I do know is that many people get into properties with every penny they have for sometimes as little as zero down, but when money is that tight so is the risk that those people will not have the money to make emergency repairs, or will not have the money to pay the mortgage when they rent to the tenant from hell and their total loss with no rent for 3 to 5 months, attorney fees and court costs and cleaning and making repairs is not one penny less than $9,000 and easily $15,000, or more.
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14 August 2021 | 1 reply
We had one issue that required a plumber to jack into the foundation replace a copper line running outside and repour concrete.
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18 August 2021 | 7 replies
@Jon Fletcher honestly I don't know how flippers are making a penny on the flips, I'm fortunate where I do everything at cost, I hire no contractors, these other guys with contractors have to be making nothing.
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17 August 2021 | 14 replies
Siding - make sure its not currently rotting away or broken to pieces, a lot of rentals you buy will need a fresh coat of paint on the siding.
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16 August 2021 | 0 replies
This project began several years ago and has cost a pretty penny so it's great to see it wrapping up and coming out so nicely!
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25 December 2020 | 13 replies
Lose the floor tile and go to a black circle sheet tile (penny sized circles) with dark gray grout.
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28 April 2021 | 3 replies
The best real estate agent, Penni Ziers.How did you finance this deal?
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28 December 2020 | 9 replies
And they provide cash flow and can be passed on to heirs just like fee simple real estate.When you're dealing with reinvestment targets and want to know to the penny your accountant is the final voice.
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23 March 2021 | 19 replies
She is still working, multiple people in the house and yet they still won't pay a penny.
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15 January 2021 | 5 replies
So glad you are diving in - it may sometimes be frustrating - lots to learn, but one day the penny will drop and it will all make sense!