James Dainard
Custom Lake View Flip - Hardest Framing project I've ever done
29 October 2020 | 1 reply
Scope of work: Reframed entire house, replaced all systems, custom windows installed, installed new flooring and tile, new kitchens and bathrooms, installed new septic system, siding, new fences and fixed the pool.
Michael Hahn
Unusual/Unique Properties (tough to sell later?)
2 November 2020 | 5 replies
I suppose it could certainly take longer to sell, and thats fine, but, I'd be concerned that the pool of potential buyers would be so small that it could be subject to severe downside price volatility (aka just not being able to find a buyer at a fair price, forcing me to discount it)Are these concerns valid, and how should I approach this situation?
Tony Coles
Can you really sell a Trust?
31 October 2020 | 9 replies
@Bob Malecki, thank you for your answers. it perfectly explains what the gentleman was talking about but he did use the term "selling" the trust and that is what threw me for a loop as I'd never heard that one before.This process is going to be new to me. my partner and I have had a handful of new investors, all with different types of money and we'd like to pool that money but legally don't know of a way to do that without violating some law or another.
Michael Anderson
BRRRR Possible with Little / No Rehab?
30 October 2020 | 2 replies
I see people add pools, rear deck/patios new kitchens, flooring etc and are surprised to see the appraiser using more inferior comparable sales.
David Denzy
Valuing Ancillary Structures in Mobile Home Park (SF Rentals)
2 November 2020 | 6 replies
To sell them off you have to subdivide the parcel, and you also need a release from the lender which allows it to be removed from the collateral pool.
Krystle Moore
30 unit building in San Diego
10 November 2020 | 11 replies
We are in the process of redoing the pool and still working on the most cost effective solution for the hillside.There are a few lenders that have market rents programs that can get a bit higher LTV when in place rents are below market.We have 2 tenants who have small balances and lost jobs due to COVID totaling about $4K, so very minor loss there.
Nathan Raisbeck
College vs Real Estate??
5 November 2020 | 63 replies
Stout will not put you in that massive debt pool, and you're already 1/8 through right now.
Bryan S.
Should I Paint the Interior of STR?
9 December 2020 | 44 replies
Hi Everyone,I recently purchased a 4bed-2.5bath pool home close to the beach on Florida's Gulf Coast.The current decision I'm working on is should I paint the interior of the house.
Jared Hottle
Tax sales education
15 November 2020 | 17 replies
Keep in mind, this wasn't an overnight thing, to get such high conversation rates.It was about 10 years of historical data analysis, before we figured out characteristics on how these assets perform over time, before we were able to dial in our model.But after that, we just run our proprietary algorithm on the entire tax sale pool each year, and compare the profile of the new pool, to prior years pool profiles.And from that, it results in two pools of tax certs that we invest in, which don't overlap.One group of tax certs that we only buy for high interest yield, and the other is only for us to take ownership of the property.And because we have this targeted approach to purchasing, is how we get the numbers we get.