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29 June 2020 | 3 replies
Two deals would be a big achievement in my first year of real estate investment so I would this is my real goal.
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29 June 2020 | 2 replies
In certain markets it can be tough to achieve a safe amount of cashflow without a downpayment, so be sure to carefully analyze your numbers.
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6 July 2020 | 9 replies
@Chris Lynch I don't currently own in WW but I did own a 6-unit there with a partner for a couple of years which we just sold at the end of last year.If your units are oversized 3BRs and decent quality, like you mentioned with the hardwoods, granite & stainless, and especially with an extra half bath in each unit, without knowing the specific area I think generally yes, you should be able to achieve those rents.I'm assuming that you didn't over-improve the property relative to the area though; you won't see as much of a rent bump if you turn a C property into an A property, in a C area, as you would if it was in a B area.As far as headaches, if the area is at least a B and you're updated the units somewhere in the A range (as it sounds like), then as long as you screen, screen, screen, I think you should be OK with headaches.If it's a C neighborhood though then I think you can still do OK but you're going to have to hold out a little longer to get B tenants because most A tenants won't be willing to live in a C area, and you will get more C tenants looking at the units and applying than Bs.
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30 June 2020 | 27 replies
I realized I didn’t stipulate when I get the “management fee” - only after a minimum return percentage is achieved.
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29 July 2020 | 40 replies
Have a goal in mind on what you want done in the next 3, 6, 12 and 24 months and work back words to achieve them
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29 June 2020 | 4 replies
I have some lofty goals, but I think they are achievable.
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29 June 2020 | 1 reply
However this put me out of my comfort zone and made me realise you can achieve many things if you are forced to and don't give up.
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4 July 2020 | 12 replies
Short and mid range goals should consider your personal limits currently, should push you outside your comfort zone, and should be measured at a 50/50 chance you will be able to achieve them. ....if you’ve never done a RE deal and the gurus are saying you should buy a 100 unit complex!...
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15 June 2020 | 19 replies
Is there any tips for me to achieve that?
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16 June 2020 | 4 replies
@David Bain - are you confident you'll achieve a 300k ARV after a 10k investment?