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10 February 2024 | 3 replies
Structural (brick) changes/repairs could increase these costs.Knob and Tube Rewiring: Rewiring a house to replace knob and tube wiring is indeed costly, particularly for a complete job.
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11 February 2024 | 1 reply
I know what this person's job is but I am just confused about where I can find one.
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11 February 2024 | 4 replies
In talking to others, not only in the field of land flipping, but in other real estate niches, this is a common misconception and delusion.
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12 February 2024 | 7 replies
If it's just a job that brings great cash flow, then yes you blend in with all the others.
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11 February 2024 | 32 replies
If expensive properties aren't yielding positive cash flow, which is common in hot markets like Fairfax, and if you've found cash-flowing properties in less desirable areas, it's crucial to navigate carefully due to potential risks.
12 February 2024 | 13 replies
Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with zero or negative relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560, little to no good tradelines, lots of collections & chargeoffs, recent evictions.
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11 February 2024 | 5 replies
I have a net worth of ~2-3M in the form of a primary, secondary home, a rental property, and savings/CD accounts and a W2 FT job.
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12 February 2024 | 12 replies
I'm very confident in this area long term, we have population and job growth, and lots of development projects.
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12 February 2024 | 60 replies
Naturally it's hard to hire someone to do a job you don't know how to do yourself.
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11 February 2024 | 12 replies
Or when you quit your high-paying W2 job and become a full-time investor.