Don Jackson
Best city for BRRRR right now
25 December 2016 | 12 replies
BRRRR requires a wide spread btwn pre-rehab & post-rehab property values, which probably wasn't included as a factor in the list you saw.Also, I could be wrong but I think the huge statewide foreclosure backlog that still exists in FL makes it an excellent state for BRRRR (glut of properties in bad shape that need rehab), but I'd need locals to chime in on that.
Matthew Wright
Sellers Lawyer Steals Deal
25 December 2016 | 82 replies
I don't know how the buyer could have prevented this, because he has a signed acceptance, the seller is generally free to get opinions from a wide range of people.
William H.
Trying to figure out my best move
24 December 2016 | 6 replies
And we've sold them for $3k for an 'as is' single wide fixer to $89,900 for a fully redone newer double wide.We just picked up 2 for $2k and $5k so don't need financing like a stick built might need.For people starting out, get a money partner that will fund those deals.
Michelle Hart
Before & Afters — First Flip
31 December 2016 | 16 replies
The "custom" cabinets turned out to be far less functional than requested (like 5.5" wide cabinet openings for the trash & recycling drawer I asked for) and much of the work had to be redone.
Paul C.
Building Code Dekalb County Atlanta, Ga for building deck additio
28 December 2016 | 8 replies
Electrically heated appliances and equipment shall be installed with the required clearances to combustible materials.And, most manufacturers will require 5' on a top discharge unit.Most installers hate enclosing them even with this clearance -- makes the units work harder.Keep them in the wide open.
Bryan Kunka
Start a fund or partner with private money lenders?
27 December 2016 | 17 replies
My scenario was this: - individuals may or may not be able to bring enough capital to the table at any time - my activities(**) had multiple individuals interested at any given time - individuals were both accredited and non-accredited with a wide variety of lending capabilities at a given time ($200K+ to <10K)- I refused to accept a "pool" of individuals as an "investor" unless accreditedMy conclusion was this: - I would point individuals in the right direction to create their investment pool, or "club", for investing - I let them know I would use their LLC but in the big picture they needed to "vet" other borrowers - The implementation was via a multi-member LLC with an assist from a good attorney- The LLC could invest in any market, any deal, any person according to their agreement(s) - Like minded people could contribute capital to their LLC, then lend to me or anyone - I, individually or via my company, would interface with their LLC, borrowing with a first position lien or whatever they agreed to, just like other borrowersIn the end, the market made my decision easy.
Matthew Paul
The xmas eve phone call of course
30 December 2016 | 18 replies
Started by digging an entrance pit 4 ft wide by 6 ft long by 5 ft deep .
Trevor Kolb
Niche Vacation Rentals - Medical Marijuana & You
25 December 2016 | 7 replies
A market that remains widely untapped.Some local Cannabis Clubs have begun to spring up in order to fill the need for a place Renters and other non-homeowners can safely consume their medication (Yes, it is medicine and the US government holds patent 6630507 that even says so).
Raymond T.
New BP Member from Anaheim, California
8 January 2017 | 17 replies
Make sure you set up your alerts well, including different spellings and abbreviations to ensure you cast a wide net (so "SFR" as well as "single family rental", for example).
Austin Crouse
Mold repair cost in townhouse
24 December 2016 | 4 replies
I took as many pictures as I could to show the extent of the mold damage and have them attached.