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22 September 2018 | 8 replies
I'll definitely consider the the advice and implement them.
2 September 2021 | 5 replies
Flipping is definitely doable in El Paso, it was named the most affordable city in the nation, so it's getting a lot of exposure from out of state investors (Specially CA) FYI.The most important part of a flip is buying it right, location does matter - I have heard horror stories of flippers that come from other cities and want to implement the same strategies they did back home and they end up sitting on their property because they either bought too expensive, or in the wrong neighborhood, or invested too heavily in finishes that the comps of the neighborhood simply didn't have.Study.I suggest you read the book Flip by Clay D. if you are set with that strategy.Also, be aware of costs, I know a lot of wholesalers that are clueless with the costs and just throw a random rehab number to the investor with the hopes they will sell the property.Find a great realtor that is also an investor, I became one myself since I struggle to get the right guidance - there aren't many out there that are familiar with the construction and investing side if the industry.Don't think you will make a ton of money on your first flip, be happy if you are able to walk away without a loss, I can guaranteed tho that you will LEARN a ton, and that is what you NEED right now.Regarding the so called "Recession" I believe it's more a consumer's belief through influence of media showcasing the tariffs war etc, what we really now is that for it to hit us - RE investors - there has to be an alarming increase of foreclosures which guess what?
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5 February 2024 | 0 replies
As with any innovative approach, success depends on effective implementation, clear communication, and ongoing evaluation of outcomes.
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17 September 2017 | 9 replies
@Inshad Kaller I hope all went well with the closing and the property but most insurance doesn't get implemented until 30 days called the seasoning period, but that is if you own the property already.
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2 February 2024 | 5 replies
Landlords must understand legal obligations and prevent injuries by implementing maintenance procedures and safety instructions.
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27 March 2012 | 23 replies
I might just implement that into my system.
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6 July 2019 | 16 replies
I was a IT guy, system analyst, programmer for many years, and some people can use an application intuitively, and the last guy I trained in QuickBooks require written steps on everything little thing he does, yes, every small step including even if he has to click "ok", and he says he needs to go through it dozens of times, else he screws up.
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19 September 2023 | 6 replies
I can not locate someone in my area familiar with cost segregation and implementing it on my taxes.
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6 February 2024 | 3 replies
This can be effectively addressed by strategically placing the mini-split units in locations where they can facilitate airflow into adjacent spaces, and by implementing simple modifications like undercutting doors to promote air circulation.
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28 April 2019 | 52 replies
On top of that, Kansas City has implemented pretty strict inspections for landlords which is also eating at your bottom line.