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17 April 2024 | 13 replies
TIA I look at these things the most when looking for BRRRR cities - Rent-to-Price Ratio: Look for cities where the average rent is high compared to the average mortgage cost- Population and Job Growth: Focus on cities experiencing steady population and job growth, higher than national average- Availability of Distressed Properties: Look for cities with a supply of pre-foreclosures, short sales, and abandoned propertiesNormally bigger cities in those states should do well, houses are still somewhat affordable (comparatively) and if you do a big rehab it'll pay off
18 April 2024 | 41 replies
I'm under contract on a property right off MLS right now that will cash flow $500 per month on day one with 20% down at 7.785%.The Boise metro market has definitely not plateaued- heck. the median price in Meridian was up 17% YoY in February. https://www.redfin.com/city/13444/ID/Meridian/housing-market
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17 April 2024 | 5 replies
On these pages you'll see people post off market deals, RE meetup information, people seeking recommendations etc.
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16 April 2024 | 2 replies
However after all the work thats required which includes landscape, parking lot, fencing lighting and interior/exterior work, it looks like the presumed cost of remodeling it will be double that, although Im not positive (still taking bids).Ive priced a comparable property in our area which has similar square footage and lot size and they seem to be going between $700-800k, and so my question is: based on a higher than expected construction cost which is necessary to finish our project, one which will exceed the amount of money of what a similar property goes for in our neighbrhood, should I continue with this project, or an alternative plan would be to simply beautify it for approximately 100-150k and ditch the plans, and flip it instead for approximately 700-800k now that its zoned commercial.My fear is that if I do invest the moneys to finish the project over the budget I initially priced it for, and the business doesnt take off, I would initially lose money on this investment.Thank you for taking the time reading this.
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17 April 2024 | 1 reply
If it sounds funny or off, ask.
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16 April 2024 | 2 replies
It is my opinion that you are typically far better off buying an existing ADU than building an ADU.
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17 April 2024 | 3 replies
Petscreening.com seems a bit predatory, but it's sadly necessary to do this because people are trying to pass pets off as service animals.
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17 April 2024 | 5 replies
Yo BP, I closed on a house the other day, but at the same time the foreclosing trustee was auctioning off the house at the courthouse steps in Virginia.
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16 April 2024 | 0 replies
Wildlife needs habitat, and I need more time off-grid!
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17 April 2024 | 16 replies
If that's true, then you may want to hold off on an increase to ensure you don't price yourself out of the market.