Gabriella Nataldie
Need Advice: Should I Invest in this Property with Limited Savings?
29 May 2024 | 1 reply
@Gabriella NataldieWith $10k in savings and $8k in hospital bills I would not be buying a multifamily propertyA roof, hvac system or major repair would wipe out that $10k.Closing costs alone on the property would be more than $10k.While it’s awesome to be ambitious, I recommend focusing on saving $ and building up enough capital so you can comfortably afford to buy a property
Shaydon Childers
DSCR LOAN question
29 May 2024 | 12 replies
BUT if it gets your deal done with less cash out of pocket, might be worth considering a higher rate until you can build some more equity/ pay down some of the balance, and the refi into something more reasonable in terms of rates.
Seth Williams
Water-Saving Shower Heads - Know Of Any Good Ones?
30 May 2024 | 21 replies
If the building has independent supply runs to each unit, you have the option of sub-metering water and billing each unit for their consumption.
Andrew Key
ADU vs Foundational Tiny Home
28 May 2024 | 4 replies
Our initial idea was to build-to-rent two 1,300 sqft homes on the additional tracts of land, but after speaking with lenders, the current interest rates made this unfeasible.
Andy Sabisch
Question on the cost of installing a new interior staircase
27 May 2024 | 1 reply
This is a "hire someone" but getting someone to look at it before we need to put in an offer is tough in the local market and the contractor we usually use is unavailable do to family issues for the next two weeks. 2) Will it matter which direction the new stairs would run up the second floor in regards to the direction the joists run?
Mark C.
Air conditioners vs alternatives
29 May 2024 | 5 replies
The AC question with Mini Split units is that they have to have an outside drain. lots of rooms without windows or office buildings do not have a place for a drain outside in a yard and people install without which leads to a problem with dripping water.
Elvin William
Any one has rental in D class neighborhood.
30 May 2024 | 43 replies
I had a positive experience with a Section 8 rental in class C and it was ok, but I would not want to build a portfolio around class D.
Danielle Hildebrand
ADU (Accessory Dwelling Unit) in Salt Lake City, Utah! <3
28 May 2024 | 2 replies
<3I have a bunch of random thoughts, questions, & scatterbrained ideas regarding building an ADU that I'd love some guidance/feedback on if anyone is willing or has knowledge/expertise on!
Jeffery Tallant
I have a house with commercial potential.
28 May 2024 | 0 replies
So I want to sell this property in Lagrange,Ga and just get some of the commercial potential price out of it so I can build a home closer to family.Anyways their is a famous firearms manufacturer that is moving to Lagrange which is a 100 million dollar plant .I have a feeling they may want to buy more property for a future expansion which they are stuck in a rock and a hard place because the county owes the land on one side and the rest is just a old subdivision which if you bought the homeowners out you can squeeze this company for more money.How can I get a investor cash buyer only see the potential on this property and they can hold it and squeeze them till it hurts,I just want 500k for the property you could rent the house till the company comes knocking at the door.
Pat Jackson
Part of apartment complex is in a flood zone, what would you do?
28 May 2024 | 2 replies
We learned early on that:-3 of the 6 buildings are in a flood zone-the current owner has a loan, this lender doesn't require flood insurance-1 building took on a little water at one point during the 12 years the seller has owned the complex.