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9 August 2024 | 19 replies
I put in the Champion toilet that flushes 8 golf balls.My.kids used to stop up the upstairs toilet till I put in one of these.
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9 August 2024 | 13 replies
I'd recommend factoring in a bit more time for how long the rehab will take to be on the safe side, but I do like the MISC Expenses buffer that you put in there.
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8 August 2024 | 2 replies
Hello Kyle,There are lots of things to consider, and there are lots of different types of Zoning for residential.For example you could be zoned residential, but the minimum lot size could be 1 acre, and you are buying 1 acre, in that case you wouldn't need a developer, you would just need a builder.For example, lets say you have 5 acres and a perfect rectangle property, that has an existing street that runs the long ways of the property so you won't have to put in any streets, you will simply need to get with a surveyor, figure out your minimum lot widths from zoning, and file with the municipality to get your property subdivided into lots.Once you have subdivided lots, you can either sell the lots outright to a builder, the cleanest transaction.Option 2, you could try to partner with a builder so you can split the profits, most builder's will want you to guarantee the loan, and still charge a build fee before profit splits.Option3, you can hire the builder, obtain the financing, and keep all the profits.Option 4, you could do any combination of 1,2, and 3.
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10 August 2024 | 10 replies
Ask if you can put in a section for a Non Compete agreement so you can move more money away from the house and buildings.
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8 August 2024 | 12 replies
We lived in it for a year, remodeled both units and put in place a long-term tenant on one unit and a mid-term tenant on the other.Here's a little more details about this deal:* Purchase price: $163k* Financed price: $132k @ 7.625% APR* After repair (estimated value): $225k* Gross rents: $2150 ($750 one year lease & $1400 six month lease)* Annual taxes and insurance: $7000* Approx credit score: 650 (I used interest free credit card to pay for remodeling this property and maxing it out caused my score drop almost 50 pts!)
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9 August 2024 | 8 replies
Put in the effort, build relationships, prove your value, and improve your odds of finding someone to help launch you on your path.
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5 August 2024 | 13 replies
Absolutely not.According to Heather and Brandon Turner's book, the fact that they want to put so much money up front means they are trying to distract you from something else they don't want you to see, and hope that offering you enough money will accomplish that.
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9 August 2024 | 12 replies
There is a county in Colorado that has a rule for non conforming parks. it says in a non conforming park if a home is pulled out a home no larger than the one pulled out can be put in, and it also states if the lot is vacant for longer than 90 days you can not put a home back on the lot.
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12 August 2024 | 37 replies
I read the extra info you put in the comments about the state of the house.