4 September 2024 | 11 replies
I only have 5 more months to put up with them, but I am so very tempted to issue a fix or quit and get them out sooner.
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11 September 2024 | 20 replies
And seeing as it's an organization level with so much staffing we need HR, middle managers and organization managers.So now we are at a place that the staffing "suck" eat's up the revenue of a couple K doors, so we need more doors to make up for that, AND as we add doors we add more staffing requirements, which add's more "$-suck" so need more doors to get over that and it's a lovely feedback loop.......
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11 September 2024 | 3 replies
Hey there,I'm interested in utilizing private money lending for financing while I save up to use my own capital along with Hard Money Lending.
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5 September 2024 | 13 replies
I sold one property just before interest rates went up, which worked out well for the sale price.
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11 September 2024 | 11 replies
Quote from @Jackson Ebersole: Hi Piper,It's always smart to flip properties in-state, and I'd like to share some updated insights on why this approach is beneficial, especially in the New Jersey area.Lenders typically feel more comfortable with in-state flips because:You can manage the rehab more easilyYou have better knowledge of local real estate trends and valuesYou can respond quickly to issues or make decisions fasterThere's a lower risk of fraud or being taken advantage of by distant partnersI can help you with recommendations for the New Jersey market:North Bergen: Continues to show strong potential, with average profits now around $150,000 per flip and a gross ROI of 85%.Willingboro: While specific flip numbers aren't available, the market remains active with a gross ROI now averaging around 130%.Gloucester City: Still a top performer, with gross ROI hovering around 180-190%, though still on smaller profit margins.Irvington: Home values have continued to rise, with a 20% increase over the past two years.East Orange: Has seen steady growth, with home values up by about 16% since 2022.Paterson: Experienced a 14% increase in home values over the last two years.Additionally, Jersey City and Newark have emerged as promising markets for flips, with strong appreciation rates and growing demand.
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4 September 2024 | 9 replies
Is there a faster method then sending applications to individual tenants in response to their request to see the property?
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11 September 2024 | 1 reply
The home has been occupied by tenants for the last several years.I would plan to have the underside of the roof painted in the attic to cover up the black coloring.
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10 September 2024 | 34 replies
Yet I listened to an interview yesterday with Henry Washington and he said that you can at times, make up to 10 offers in a week just to find the best deals.
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5 September 2024 | 9 replies
Its great to hear you're going the direct to seller route, its by far the method with the highest margins.