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16 April 2022 | 7 replies
Things to consider when investing in Real Estate: 1) Think about investing in areas that have a low supply of doors for rent, grown jobs, growing, population, and is landlord friendly (I like Texas, Florida, Georgia, Carolinas, Arizona, etc...), 2) have a standard for your investments (mine is 7% COC, and a 2x your investment at 3-6 years (100k in 200k out).
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27 May 2022 | 7 replies
If they agree to stop smoking the first time, but then we find they are still smoking should we proceed with a 30-day?
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5 June 2022 | 3 replies
You might try https://www.mfssolutions.com/.I have not used them, but had their info in my contacts, so must have thought they were interesting at some point.Same for bulkwooddesign-cabinetry.com in Dallas.Might also try Surplus Building Materials in Addison, but not sure they do bulk.There is someone in the multifamily community that also does bulk supplies...trying to think of who that is....they're really an operator, but do enough renovations they started a sideline business.
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22 June 2022 | 29 replies
. - I earn a strong income relative to my my investment- I could cover my investment’s expenses even if I received no rent, ever- I have a Strong Cash Position + Access to Liquidity:- I have the Down payment in cash (even if that down payment is 3% or less)- I have cash for any anticipated Closing Costs- I have cash for any anticipated Rehab Costs- I have access to plenty of credit and short-term financing, after the mortgage, should I need it on top of my cash cushion- If I don't have a strong financial position, I have a financial partner who does- I have a Strong Credit Score (700+)- I have or will commit a Meaningful Amount of Time to Real Estate, especially upfront- I am willing and able to DIY everyday household projects if necessary, and/or am willing and able to skillfully hire and manage contractors and property managers- I have Strong Analysis Skills - I know what a “good” deal means to me in my target market and can analyze a potential deal in 15 minutes- I have a Strong Economics Foundation- I Understand terms like IRR, NPV, CoC, ROI, and CAGR, and have a preferred way to compare investments- I Understand macro factors (supply, demand, interest rates)- I have a strong understanding of local market (zoning, easily calculate ARV, “path of progress”, etc.)If you can answer yes to all of this, then you should get going - no reason to wait.
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8 September 2022 | 12 replies
Then it moved to the bunk beds, where it was on everything as well.The bathroom on that floor had **** smeared on the walls.The basement had puke in a food container that was pushed under the couch to hide it's shame.The interior porch had hookah and cigarettes on the floor, with burn marks on the tables, flooring, and chairs.The exterior porch had garbage strewn everywhere, from leftover food, to more smoking stuff, to shards of glass.Cleaners: "I'm not going in that garage, i think someone died in there" "What makes you say that?"
3 November 2022 | 7 replies
Going to be difficult to solve a supply side (labor/oil/materials) problem with a demand side solution.
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3 January 2023 | 9 replies
Wait, 50% of the Colorado river water supply goes to LA and 01.8% goes to Vegas, so you’re considering eliminating Vegas and going withLA instead?
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26 June 2023 | 8 replies
One thing to note is that in Boston a high percentage of the multifamily housing supply is 3 families and you are severely limiting your options by only looking at 4 units.
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13 November 2023 | 13 replies
(Water supply from the main house, a new drain, a small electrical panel, outdoor washer/dryer).The question is...what's the best way to move forward?
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30 March 2019 | 21 replies
If I supply a laundry room, I get some portion of the income from the machines.