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15 April 2024 | 7 replies
She sounds like a giant PITA who will only get worse,This is actually a gift to you - gives you a very valid reason to get rid of a bad tenant.
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15 April 2024 | 9 replies
.- Units were completely outdated and had deferred maintenace.- It needed a community face lift and re-brand (was called windmill apartments....yuck.)We came in and strategically worked our business plan:- We upgraded the exterior including fresh paint, signage, and landscaping.- We removed delinquent tenants and changed the community standards around to provide a safe and clean place of living.- We've upgraded 75% of the units with fresh flooring, paint, cabinets, countertops, and appliances as needed.When we took over the property the 16 units were producing around $9000/month in gross rent.I just checked our rent roll today, and we just crossed $17,000 in gross income monthly!
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16 April 2024 | 12 replies
You will find some sound advice on this platform.
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15 April 2024 | 9 replies
Given you can oversee some parts of the project, with enough research it sounds like a good plan to get started with a BRRRR/Flip.
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16 April 2024 | 9 replies
There is also space to park 4 cars.I will be back in the area early May, so if this sounds remotely appealing, we can chat further on a call or meet in person when I am there.
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16 April 2024 | 12 replies
28 months to make up $700 increase per month at a $20k rehab (which depending on scope, may be underestimated).this doesn’t include lost revenue from vacancy while completing the rehab.
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15 April 2024 | 12 replies
Sounds like you have might have offended some people here even though you said "New Here" and "having a hard time convincing my spouse".
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15 April 2024 | 12 replies
I completed a BRRRR on a duplex here in Eugene and wanted to share the outcome (so far).
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17 April 2024 | 16 replies
Sounds great, thank you!
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16 April 2024 | 27 replies
The only thing I would say is that the east side neighborhoods(Dignowty, Highland Park, Government Hill, etc..) are getting nicer every month since there are so many investors rehabbing those properties, so I wouldn't discount them completely.