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30 September 2019 | 18 replies
Of course, if the property is in less than great condition, an increase in reserves is required.Now, my question is how much money may I be leaving on the table by not investing in STR instead?
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13 December 2022 | 7 replies
I prefer ordering counter service vs waiting on mediocre table service in a climate where restaurants are understaffed.
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14 December 2022 | 7 replies
You should not be using someone else's prices (or Kukun's algorithm), you should be using your own prices from your local contractors and using the specific material selections you picked for your project.Here's an example of how bad some of the data is in Kukun and why it's not practical for investors that are wanting to create accurate estimates for their projects:I just added "Exterior Doors" to my project, and I was told that 4 single doors and 1 double door is $59,352 in Kansas City, MO which is 20x what I would actually pay as an investor.I believe the above was a bug, but nonetheless there was no way for me to fix this issue or understand why or how it was calculating this value.In summary, you don't need a fancy algorithm to tell you what something costs, you just need to know basic math and have a general understanding of how much materials cost and what contractors charge for specific repairs.For example, if I have 5 exterior doors I need replaced (4 single entry doors, 1 french patio door) this is how I would estimate the costs:- Single exterior doors labor 4 x $250/each = $1,000- Single door material 4 x $300/each = $1,200- French patio door labor 1 x $400/each = $400- French patio door material 1 x $750/each = $750Total = $3,350Add 25% profit for your contractor and the quote should be around $5k for 5 doors.The hard part is finding out what your contractors charge, after that it's just basic math that you can do in a spreadsheet.
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3 June 2019 | 6 replies
If you're handy with a router and table saw, you could do it yourself.
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4 June 2019 | 18 replies
You should get the matching bedside table and have lamps on bedside tables for reading.
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5 June 2019 | 11 replies
I buy rental properties and improve them and they happen to be in an opportunity zone and I was just making sure I wasn’t leaving any money or opportunities on the table.
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3 June 2019 | 3 replies
Most of our friends find these, now coffee table books, interesting.
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5 June 2019 | 50 replies
Well, I approached him at the networking event and after hearing about some deals he had lined up (note that it was a closing table event), I asked if there was anything I can do to help (this was before anything sketchy started happening).
5 June 2019 | 15 replies
But why not focus on what you bring to the table?
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10 June 2019 | 2 replies
I'm currently interested in East Bay (Alameda & Contra Costa) as well as Stanislaus, San Joaquin, Merced, Solano and Sacramento counties.As an absolute beginner (this is my very first post) and currently working a full-time job (unrelated to RE), my main objective is to learn different REI skills hands-on.What I bring to the table:1) Funds - possibly for 10% to 25% of down payment (widely depending on deal/rehab costs, of course)2) Hustle - evenings and weekends could be 100% dedicated to REI (finding/analyzing deals, meetups, cold calling, drafting/reviewing, whatever I can help with)I would love to learn at least one of these skills:1) Finding off-market deals2) Estimating rehab costs3) Managing contractors4) Managing tenants5) Negotiating dealsI'm hoping someday I'd be able to add value beyond funds and be part of a great REI team :)If you're interested in connecting, please let me know.Best,JC