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28 October 2020 | 10 replies
Some of the improvements include:Replacing the existing carpet with LVP (They had animals and there is a distinct odor)Replacing the acoustic drop ceilings (They painted the existing drop ceiling black)Removing a sliding glass door and replacing it with a french door for rental entranceReplacing the existing fluorescent lighting with can lightingReplacing painted wood panel with drywall, finishing, and painting said drywallMoving walls around to block off some areas and to make some areas biggerAdding a kitchen, which include cabinets, sink, range, and maybe a dishwasherCreate a path leading from my driveway around the backyard to the basement entrance.My space is about 1200 SF and I mentally prepared to spend about 15K to redo the basement to an acceptable quality level.
4 February 2021 | 3 replies
Aa far as raising capital, most turn to JVing which can be dangerous due to SEC.
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24 October 2023 | 8 replies
Since you are a Realtor you have the distinct advantage of intrinsically knowing the value of #1, and #2.
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5 November 2021 | 694 replies
We all understand how insanely dangerous and stupid that is, RIGHT????
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8 May 2016 | 113 replies
NOW... one thing that is coming to mind....obviously all the markets... stock, commodities, real estate oil/gas are interconnected for sure.... but here, he is making a distinction specifically to Real Estate cycle peaks vs.
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22 October 2023 | 13 replies
More and more states are requiring wholesalers to be licensed. I have stated before that this could be a trap for the wholesaler, whom, if licensed may be taking on a responsibility to the seller that is at a minimu...
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24 October 2023 | 1 reply
This is bad because if the builder started selling similar units for (X) amount and now they are being sold for less they are creating a declining market.Those new flash sales or lower priced inventory being sold for less cause the other homes to be worth less and hurt future equity or neighborhood growthThe best way to check the danger zone or look for red flags is go back and look at all of their sold homes over the last 3 years.
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7 May 2016 | 13 replies
Lots of opinions but some can be not only uninformed but downright dangerous.
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27 July 2015 | 32 replies
Reed, a critic of Robert Kiyosaki, says, "Rich Dad, Poor Dad contains much wrong advice, much bad advice, some dangerous advice, and virtually no good advice."
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12 March 2018 | 17 replies
This mom and pop investor route especially when not present is very dangerous.