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6 March 2024 | 9 replies
Interestingly, they've recently negotiated a re-purchase price with us IF we bring new funding to the table.The rehab is required for several reasons: (a) correct the damage the bank has allowed to happen to the property improvements these past few years (known problems include completely destroyed pool makeover; wild animals living inside the residence; flooring missing in sections of the rec center building; destruction of the decorative main entry gate mechanism; lots of dead landscaping; as well as latent defects not known to us such as working plumbing, HVAC & water services) AND (b) expansion & upgrading of the accommodations (converting the private residence to a 2-story lodge with the restaurant/bar, reception/check-in, movie room, public restrooms, gym/sauna/steam room/massage therapy room; enlarged pool & deck area with climate-controlled cover for year round use; conversion of former restaurant/bar building to a general store selling venue collectibles & wearables, selected pre-packaged foods, sundries, RV & camping items, bagged ice & a propane refill station; construction of a free-standing event center; free-standing cabins; enlarged & upgraded RV park with its own small restroom/coin-op laundry building; outdoor activity areas; new landscaping & fencing; new parking area & entry drives (personal car & RVs).We know our target audience having created and operated the former version of this resort for almost years creating an initial membership base numbering about 1,100.
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6 March 2024 | 16 replies
I have had success finding properties listed for sale, listed for rent, or not listed at all that I have been able to negotiate a lease option with little to no money down.
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5 March 2024 | 12 replies
But the room rental search/filter option isn't there...that listing just has it in the title.
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6 March 2024 | 2 replies
I’ll explain an example scenario:The house is listed at $75,000 and my estimate is that the property needs roughly the same amount for the rehab.
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6 March 2024 | 8 replies
This will be something I am adding to my list of things to look into when buying the next property that is for sure.
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7 March 2024 | 22 replies
Reach out to one of the accounting firms listed here: https://www.biggerpockets.com/...
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6 March 2024 | 4 replies
I have come across a few and even listed one recently with a assumable loan but they need about 30% down because of the seller's equity position
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6 March 2024 | 2 replies
Hope you were able to offset some of those glowing reviews, and maybe a courtesy report to the local BBB and Angie’s List.
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8 March 2024 | 31 replies
This new construct there is a listing and it is pending to build until they find the right buyer so everything is pretty much lined up for me i just have to go in and buy. and crazy to say but some of the time atleast right now new construct is cheaper than existing buys. i am thinking to just rip the bandaid off with this first deal and go from there. 100k a month is definitely my goal and i will figure out a way to get there which definitely wont be from new construction everytime. i can save money fast considering the frugal life i live and amount i work. i am currently spending a lot of time trying to find beaten up buildings whether that’s me driving around or on mls, but alaska high cost of labor makes it hard to pencil out any BRRRRs but it definitely is the best way of this game so i will continue trying to find something
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6 March 2024 | 18 replies
I've been interested in out-of-state real estate investing for a couple of months, and Oklahoma City, OK has been on my list.