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28 April 2024 | 10 replies
Do you have significant reserves set aside in case you neeed major repairs or have lengthy vacancy?
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29 April 2024 | 113 replies
Quote from @Bruce Woodruff: Quote from @Chris Seveney: I wanted to post this here, as there is another post in BP that intertwines with this.The crux of the issue is what Don mentioned in his opening post that people perceive the guru mentor shortcut or the cheap version for getting rich quick when many of these programs are not what they promise.
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29 April 2024 | 10 replies
The large scale BRRR can be tricky, but having a JV from the start will help.My clients down in GA are doing well with a BRRR centered strategy, but focused on one, or both of these things to cash flow quickly:1) 2-4 unit properties2) Section 8In most lending circles, your 2-4 units are going to be classified in the same category as a SFH, so to rehab a hand full of those, you don't take the same kind of rate hit as the 5+ unit properties, but you also don't have the same kind of "experience" issues as you do with larger developments.
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30 April 2024 | 18 replies
I haven't had a single issue or complaint at any of my units in 10 years.
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28 April 2024 | 19 replies
The issue with the floor is that the soft spots are likely caused by leaks in the plumbing under the floor.
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28 April 2024 | 3 replies
SFR is 2100 sqft over two floors (one is basement), both floors are fully-finished, water pressure is not an issue. there is no other rehab in the main house, so we will have to cut into the ceiling for just the retrofit.Thanks a ton!
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28 April 2024 | 3 replies
Would the property and the loan being in my name be an issue?
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27 April 2024 | 3 replies
This then wraps back into the raising capital dilemma, as that is the major component that I'm missing.I know this was a post full of jarbled thoughts and questions but if anyone has even a shred of insight or advice, that would be much appreciated!
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27 April 2024 | 21 replies
Nothing held back for maintenance because the houses they recommend buying are all newly rehabbed, and nothing held back for capital expenses because you should sell them in less than five years and move into multifamily investments so nothing major should break before then.
27 April 2024 | 21 replies
Tenants text me with repair issues and I forward the text to my handyman or HVAC guy.