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6 February 2024 | 108 replies
Is it a fund or a single project?
6 February 2024 | 14 replies
I'm not a licensed GC yet, but owner builder in CA allows us to hire as w-2 to complete the renovation.
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7 February 2024 | 6 replies
If their loan has requirements for the property type of thing or if they even have renovation loans (if that's even needed).
7 February 2024 | 17 replies
Account Closed The DSCR loan for properties that are stabilized and rent-ready and bridge loan for properties that need TLC or renovation seem like pretty stellar options for you!
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7 February 2024 | 6 replies
And depending on the project locale, having an experienced builder in the pre-fabricated space is crucial to the success of the project.
7 February 2024 | 3 replies
Examples of pitfalls include purchasing in an undesirable area, not understanding the market values (vs. list prices), not knowing the rental values (current and market), inheriting bad tenants, buying a lemon, going rogue on renting and management with no contacts / systems / no legal understanding of PA and Municipal landlord-tenant laws, not having trusted resources and contractors in place, using out of state lenders or shaky financing, throwing lipstick on a pig when renovating a house and wondering why it's ARV isn't increasing, tenants are renting, etc.
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6 February 2024 | 5 replies
I have read, listened, and talked to a lot of people who do 1-3 a month and while their systems work for them it seems limited to the bandwidth that they can take project management-wise.
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7 February 2024 | 9 replies
Here are some tips for a cost-effective installation:Shop Around for Deals: Look for discounts or promotions from local suppliers or consider remnants from larger projects to save on material costs.Consider Prefabricated Granite: Prefabricated granite countertops are pre-cut and polished, offering a more affordable option compared to custom-cut slabs.Hire Reputable Installers: While it may be tempting to cut costs with DIY installation, hiring professionals ensures proper fitting and longevity, ultimately saving on potential repairs.When it comes to return on investment (ROI), installing granite countertops can yield substantial benefits:Increased Property Value: Granite countertops are a desirable feature for renters, potentially allowing you to increase rental rates and attract higher-quality tenants.Long-Term Durability: Granite is known for its durability and resistance to scratches and heat, reducing the need for frequent replacements or repairs.Tenant Satisfaction: Tenants are likely to appreciate the upscale and modern appeal of granite countertops, contributing to higher tenant satisfaction and longer lease durations.The appeal of granite countertops to potential tenants can significantly impact property occupancy rates:Enhanced Aesthetic: Granite countertops convey a sense of luxury and sophistication, making your property stand out in the rental market.Competitive Edge: Properties with granite countertops often have a competitive edge over others, attracting more prospective tenants and reducing vacancy periods.Positive Reviews and Referrals: Tenants may be more inclined to leave positive reviews and refer your property to others, contributing to a positive rental reputation and sustained occupancy.By strategically incorporating granite countertops into your rental property, you can elevate its appeal, attract quality tenants, and maximize your investment returns.In conclusion, granite countertops can significantly enhance the appeal and value of rental properties.
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6 February 2024 | 16 replies
I have another that we are renovating down in Tamarac, FL.If either of you are looking for help either formally or informally, I'd be more than happy to connect with you and we can chat about it more.
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6 February 2024 | 3 replies
Hello, My name is Pamela Gruen and I am new to investing, looking to learn and implement no money down strategies or finding investors that can fund projects I find.