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27 January 2020 | 4 replies
They’re probably not aware of the complications it causes, and may be willing to improve the situation on their own.
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1 February 2020 | 10 replies
Acquiring below market and implementing a value-add improvement plan will result in a portfolio of properties that appreciate over time and that also offer significant tax advantagesPick the right market – not all housing markets were impacted in the same way during the last recession.
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17 February 2020 | 7 replies
Personality: Very strong discipline and work ethic, smart, analytical, detail and numbers oriented, currently improving a weakness of time management and getting lost in the details and getting better every day.The plan: Flip as full-time as possible while: Flipping one house at a time to start so I don't over-leverage in case something goes wrong Hiring out as much work as possible to focus on the big-picture process, plan for the next one, and maximize the pace of flipping, learning, and scaling Target C class houses and neighborhoods in Kansas City, MO (maybe 60k-100k ARV to start).
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28 January 2020 | 16 replies
Don't worry, you can get the job done without MLS data, it's just harder to do.As far as your question about making an improvement and if it's worth it, that just depends on your market and is a very difficult question to answer, even for an appraiser.
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27 January 2020 | 5 replies
I appreciate you taking the time to assist and to provide this list of information to include.Purchase price: 249,900Down payment: 7,500Additional closing costs: 4,887Additional cash for improvements: ~1,000Current market value: 298,000 (this is Zillow estimate, haven't discussed with my realtor yet)Current loan balance: 235,227Current loan interest rate: 5.0%Monthly mortgage payment: 1,574Monthly average total costs (with utilities included as it is a furnished short-term rental): ~1900Monthly average rental income: 2241 (averaged over past six months, has ranged from 1423 to 2646)Monthly long-term rental potential (assuming no utilities or furniture): 1500-1600 (pretty much just the mortgage)
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4 February 2020 | 4 replies
They will also want to know what improvements you made to the property to increase the equity.
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29 January 2020 | 11 replies
Extra doors for one mortgage.We also did move regularly into fixers, improved them over time.
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30 January 2020 | 10 replies
I think the software could be improved for vendor payments and tracking, but that wasn't a huge issue for me.
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30 January 2020 | 11 replies
The manufacturers keep improving these washers.
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28 January 2020 | 4 replies
Around the same time, I began to discover self improvement books and of course happened upon Rich Dad.I have been steadily researching for all that time since, and trying to improve my station and job expertise (pipeline inspection) to enable me to get real estate.