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10 September 2018 | 9 replies
With respect to repairs and vacancy, you are responsible for the costs of repairs.
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11 September 2018 | 27 replies
(Yes, I know how to vet PMs.)Lots of CapEx in the past two years, mostly updated units.New roofs / new plumbing in most / new HVAC / etc.)Block bombproof constructionProperty has been cranking out greatly increased cash flow each year.2016 - the true net after ALL expenses, management, and repairswas about $800/month2017 - the true net after ALL expenses, management, and repairswas about $1,200/month2018 - so far this year, the true net after ALL expenses, management, and repairs is about $1,600/monthI have actual bank statements / tax returns / P&Ls to verify all of thisMany tenants have been there for 5+ yearsVery low vacancy rateAll tenants current on rentThe negatives:Neighborhood is terrible.
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10 September 2018 | 1 reply
@Alyssa SteinruckYou may have some contractors come and see how long it would take to repair the damages, or how long to repair the safety issues and get a better idea of what it will take to fix.If its something they can do in a week or two, you may just offer to put them up in a hotel until the major safety issues are addressed.
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18 December 2018 | 5 replies
The property needs about 10k in repairs in the property.
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10 September 2018 | 1 reply
After finding a potential property to wholesale, part of the process is to estimate repair costs.
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10 September 2018 | 2 replies
If no criteria, you'll waste a ton of time on phone calls from people you'll never rent to.
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7 January 2019 | 23 replies
The Judge questioned the repair bill.
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10 September 2018 | 0 replies
In my head I saw $10k-15k in repairs just on that wall and that took my my max bid to $8k.
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10 September 2018 | 0 replies
I have to say out of everything that has impressed me the most about Fund & Grow is the convenience of being able to grab a phone and simply communicate through text.
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10 September 2018 | 0 replies
If you are focused on networking with agents, then do your best to go above and beyond to help them help you.It can be easy to pick up the phone and call a listing agent, but it may be more difficult to convince them you should be at the top of their list when they have a deal.Here are some ways to gain their attention.Double End the TransactionMake sure agents know you will use them not just for the purchase of the property but also for the sale of the property.