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18 July 2024 | 1 reply
We are in a similar position, and the last flip we did, we put everything cosmetic under a contractor we work with regularly (CR-61/$50k) who was on the job.
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18 July 2024 | 24 replies
And to give you some context on how "rich" the PMs are getting, in case you are wondering for your own PM business, the margins in this business are incredibly slim: We had about $1.3 million in rental revenues last year, and yours truly bagged all of $32K.
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18 July 2024 | 4 replies
In fact there is absolutely nothing wrong with the above described technique as long as it's fully disclosed and UNDERSTOOD by all parties.John is "disgraced" because he got involved as front man with a Salt Lake City real estate marketing firm that promoted John all over late Nate TV back around 1998 - 2003.
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19 July 2024 | 12 replies
Doors (or clients) that require extensive and constant attention from my staff are not long for this world and will be cut loose.As @Richard F. mentioned, clients fall into those two categories (micromanaging, time-sucking parasites who place zero value on the value of your time, or the "don't bother me unless the house burned down" clients).
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18 July 2024 | 1 reply
Here in OR you'd be surprised what local credit unions will finance, and although the rates might be quite as low, or amortizations as long (usually 25 years or remaining useful life of the property) they can offer more permanent mortgage solutions.
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18 July 2024 | 5 replies
Due to the population growth of the last 10-15 years, there are uneven student populations in schools.
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19 July 2024 | 8 replies
The showing is scheduled and as long as no big concern arises, I am going to make an offer.
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16 July 2024 | 34 replies
I just put 4 more props under contract this/ last week and will flip one or two and keep the others.
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16 July 2024 | 3 replies
(I've yet to take a look at the property to confirm.)ARV Comps:https://www.redfin.com/PA/Philadelphia/1012-S-24th-St-19146/...https://www.redfin.com/PA/Philadelphia/1709-Christian-St-191...https://www.redfin.com/PA/Philadelphia/1525-Christian-St-191...Rental Comps: For gross rent determination I'm assuming room configuration to be 3 bed 1 bath for two units and a 2 bed 1 bath for the last (furnished unit).
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19 July 2024 | 12 replies
For example, I often see Buyers purchase property thinking there is a $1,000 deposit but then the tenant claims it was $2,000 because they paid the last month's rent.