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23 February 2024 | 18 replies
Thank you for the suggestion!
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23 February 2024 | 3 replies
This rental property will be designed with a keen focus on generating a healthy cash flow.Project Blueprint:Budget: Allocated at $200,000, covering construction and all related expenses.Focus: To merge energy efficiency, durability, and tenant comfort with cost-effective construction strategies, making the rentals both affordable and sustainable.Location: Currently scouting – I'm open to suggestions and insights on ideal locations supporting this vision.Strategic Planning:Efficient Design & Planning: I'm considering compact, multi-functional layouts to optimize space usage and incorporate cost-saving construction methods without compromising quality.Sustainability & Efficiency: The plan includes investing in top-notch insulation, air sealing, energy-efficient systems, and sustainable materials to reduce the building's carbon footprint and operational costs.Budget Management & Cost-Saving Initiatives: Careful budgeting and exploring value engineering options are crucial, alongside seeking out grants or incentives for energy-efficient building projects.Community & Sustainability Goals: To create shared amenities to foster a community feel and implement systems encouraging tenants to monitor and reduce their energy consumption.Seeking Community Insights on:Cost-Effective Building Strategies: How can I ensure the project remains within budget while achieving high sustainability and efficiency standards?
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23 February 2024 | 15 replies
Quote from @Ross Hayes: HelloI could be missing the obvious, but I cannot seem to find much information on calculating the return and benefits of debt pay down on a rental property.''''........Thank youThat's because there is none.This is simple math you are trying to make complex.
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23 February 2024 | 1 reply
Suggest you search here on BP for PMCs in your area and reach out to them directly.
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22 February 2024 | 11 replies
It is a basement unit and I've had sump pump smell issue when there was heavy rain, which is pretty rare in Denver.Also looking for any suggestion or experience around this topic.
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23 February 2024 | 4 replies
@Harit Pat I also highly suggest teaming up with a broker who you'd want to build a relationship with and truly understands the ins and outs of different underwriting guidelines.
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23 February 2024 | 16 replies
Wondering if that is typical or what has anyones experience been or any suggestions.
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23 February 2024 | 1 reply
He has suggested for me to get on the property ladder I could give him 10% of what the property is worth to convert it from a 3 bed 3 bathroom house into a 2 bedroom 2 bathroom apartment and another 2 bed 1 bath apartment.
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22 February 2024 | 4 replies
With stocks, it's simple.
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23 February 2024 | 3 replies
Of course in DE we have to give 60 day notice and not 30 (suggest you check this is as well for NJ)