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3 March 2024 | 42 replies
I'd love to go over specific properties with you to see if it's feasible.
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2 March 2024 | 9 replies
You'd be surprised how many investors are receptive to that.It is easy tounderestimate your rehab budget.
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4 March 2024 | 10 replies
Get some business credits, perhaps amex specifically.
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4 March 2024 | 30 replies
It comes down to setting expectations; did any of the applicants provide specific, detailed reasoning for backing out?
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3 March 2024 | 2 replies
These numbers should be determined using a combination of the historical financial data available, feedback from your property management company, your business plan, and the property characteristics.Generally, you can expect per unit numbers like this:Repairs & Maintenance: $200 – $500 per unitAdministrative: $150 – $350 per unitUnit Turnover: $200 – $300 per unitContract Services: $200 – $500 per unitUtilities: $800 – $1,200 per unitAdvertising $100 – $300 per unitPayroll $1,000 – $1,600 per unit (very market specific)Insurance: (very market specific)RE Taxes: (very county specific)Again, these are very general per unit numbers but they should help provide you with guidance.
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4 March 2024 | 15 replies
Knowing what's "not a good deal" or finding out what they do NOT like, is just as important as finding a "good deal" and having a specific buy box.
3 March 2024 | 9 replies
Phase 1 - demo of a greenhouse sitting on part of the land - site utilities and 12-unit building turkey construction budget $2,043,100.00 -- $2,177,500.00The estimated rents would be approximately $1k per unit on average for mix 1 2 & 3 bedrooms- I feel like construction is so expensive and the market doesn’t support higher rents from what I’ve researchedShould I : 1) try to partner with the local government for affordable housing loans and grants?
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4 March 2024 | 22 replies
In regards to learning more about real estate and maybe how to answer those questions I'd recommend listening to BiggerPockets (Rookie and Real Estate Podcast), there are also some market specific real estate podcast you can check out depending on the area you want to invest in.
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4 March 2024 | 23 replies
It's not just will the manager handle section 8, it's the specific area.