14 July 2021 | 3 replies
.#3 Contact Local Contractors for Labor Pricing / Hire a GC to ConsultCall local Subcontractors and get budget pricing for common repairs on your typical rehab project.For example, call a roofer and ask what their average cost per Square of Architectural Asphalt Shingle Roofing would be on a 1,500 sf house, with a 6/12 pitch.Note: Some contractors will be reluctant to share pricing without seeing the property, but tell them you are just looking for a rough budget number you can use on future projects.You can also pay a General Contractor a consulting fee of a couple of hundred dollars (per house) to walkthrough a few properties with you and provide a detailed estimate of prices that you can use as your 'menu for future projects.#4 Compile Your Prices into a Spreadsheet or Estimating SoftwareOnce you start to get a better understanding of Labor and Material costs you will want to store this data into a spreadsheet or software that you can use to help you streamline the estimating process.The Book on Estimating Rehab Costs comes with a spreadsheet that you can use to help you populate your own database of labor pricing and material pricing.
14 July 2021 | 2 replies
If they've previously been a strong tenant, working with them to help them on their way or until they are back on their feet may be more effective than eviction.
14 July 2021 | 3 replies
Also, if you have a strong interest, some schools are offering real estate as a concentration, how great is that!
15 July 2021 | 7 replies
I have not had any losses and finding the rental market very strong in our areas.
14 July 2021 | 4 replies
Louis or another Midwest city, due to the high cap rates and strong rental market.
2 October 2021 | 1 reply
If you have a strong referral, it would be greatly appreciated.
15 July 2021 | 9 replies
The return of member capital could be coming from any number of sources: a strategic refinance, significantly increased cash flows, release of escrow monies, new construction coming online, strong appreciation/compressed cap rates, opening of an Amazon Prime Warehouse next door, etc Each deal has its own uniqueness.Does that clarify things at all?
14 July 2021 | 13 replies
If I was to add anything, I'd say that according to some economists the strong housing market will continue for another year or so.
8 December 2021 | 8 replies
I also strongly believe they don't take Travelers Checks where we all end up.Ask your parents to co-own the property and to share the benefits just like they had planned to share the benefits when they were in their honeymoon periods.
15 July 2021 | 3 replies
This is a standing wall of water or a huge wave that is caused by strong winds and a rapid change in atmospheric pressure.5) Replacement Cost Value.