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8 June 2021 | 12 replies
My wife's commercial construction company is having the same difficulty as everyone, across all trades.
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10 June 2021 | 25 replies
A great way to learn the business is to partner up with a reputable investor that is already executing trades.
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3 June 2021 | 5 replies
Adding bleach is a common method of disinfecting water, but you don't just dump a gallon of bleach and call it a day.
5 June 2021 | 6 replies
It’s good that your learning the trade from the ground up.
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4 June 2021 | 11 replies
This method will likely give you higher cashflow than a traditional rental.
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3 June 2021 | 1 reply
The following write-up is a detailed analysis on the numbers, from purchase and closing costs, to rehab, to rent and cash flow, to the refinance, and finally to the sale of the property.The process of buying, rehabbing, renting, refinancing, and then repeating the process by using the refinance proceeds to purchase another property, was used here (BRRRR method).I thought it would be interesting to do a post-mortem analysis on this investment, and see how things worked out.Post Rehab Picture of the Kitchen.PurchaseOn 1/31/2020, I purchased this single family home for $77,000.The loan terms were a 30 year loan, 5% interest rate (higher rate since it was before rates began to fall, as well as from being on an investment property with a lower loan amount), and 20% down.Cash to close was $15,400 for the down payment ($77K * 20%), $3,750 in closing costs, and $350 for the inspection, for a total of $19,500.To fund the down payment, closing costs, and inspection, I used a HELOC (home equity line of credit).
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17 June 2021 | 8 replies
I am looking to acquire my first property using the house hacking method.
3 June 2021 | 4 replies
I was planning on doing a binder method to the tenant and getting a raise in rent locked in.
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9 June 2021 | 6 replies
The permit process can be a pain for trades but it will help you as the owner.
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4 June 2021 | 6 replies
I get that Redfin does not use the traditional methods.