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5 November 2017 | 5 replies
If you haven't read this article, do so.https://www.biggerpockets.com/renewsblog/forget-br...Here's a quick recap on my situation:My property in Missouri is about rehabbed.
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4 November 2017 | 6 replies
@Jason Hsiao, @Dan Krupa, @Jody Schnurrenberger So it sounds like the thing that makes an agent valuable in your mind is an understanding of the analysis and doing some of that work up front so the investor can quickly see if the numbers work.
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1 November 2017 | 0 replies
I am looking to scale to multi-family as quickly as possible so any multi-family stories are much appreciated.
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3 November 2017 | 33 replies
I plan to have an inspection done and have several GC's come bid on the job after I have a property under contract but I'm stuck on how I'm going to properly analyze a deal before then in order to make an offer without knowing a realistic rehab budget.I know once I do a few deals I'll learn the associated rehab costs pretty quickly and have a much better understanding but how would you suggest I proceed on my first deal or two?
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2 November 2017 | 11 replies
You'll quickly make a ton of mistakes that can only be learned by experience.
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3 November 2017 | 7 replies
If you consider that tenants are often in 1 year leases, it is often the case that rents cannot be increased as quickly as the appreciation.
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2 November 2017 | 10 replies
If you do not want to sacrifice going outside of your desired area then maybe you can get 1.0-1.5% but you will have to be willing, ready and able to act very quickly when those deals come up because as you are probably experiencing they do not come available much the smaller the area you are looking.
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1 November 2017 | 1 reply
(Located about 45 mins outside the GTA)1st Condo = $120,000 CAD 2nd Condo = $130,000 CADRent paid = 1000 1000Expenses Condo Fees = 290 290Property Tax= 100 109Mortgage = 540 590 Total = 930 990This is a basic cash flow for the 2 properties I put together quickly and I believe rent could be increased as basement apartments in the area go for 850-1100 and condo's go for around 1100-1400.
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21 November 2017 | 8 replies
It was a fairly easy and quick process to get the license (a few months).
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2 November 2017 | 2 replies
It is important to keep the funds flowing and have the project move as quickly as possible with little or no stoppage in work.