12 October 2020 | 9 replies
If there's anything about this that's political it just means everything is going to get more pink/purple instead of red/blue as everyone mixes up.
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21 October 2020 | 22 replies
And with over 60% of new jobs created in America every year by small business we have always had a great tenant base looking to put down roots and grow a business.
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24 September 2020 | 11 replies
Agreed @Neil Narayan This market is red hot!
29 September 2020 | 8 replies
It reminds me so much of red Bank New Jersey 20 years ago.
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1 October 2020 | 3 replies
We’ll go into all the nitty gritty details and war stories (including a gas line excavation scare, crazy neighbor issues, city politics and a bamboo forest nightmare, to boot) so that it hopefully helps you prepare for your first or next MF deal.In one of our first multifamily acquisitions for Akras Capital, we encountered nearly every situation you could imagine - but we learned so so much and now we want to share it with YOU…In this article about this 5 unit acquisition we’ll cover:Investing out of state and how to source off market Multi-family deals in a red hot marketSeller Financing - how to close with little money downHow to find hidden equity and squeeze the most value of our your business planAll the ins and outs of the BRRRR strategy and how to achieve infinite cash on cash returnsHow to develop the right team and select the best property manager so that scary situations get handled without midnight phone callsHow to know when you should exit and sell the assetThe overall quantitative summary of the investmentBought the 4 unit+single family deal for $348K, with a $5K down paymentInvested $88K in repair costs for both buildingsSold for $658K$175K Profit, after sales costs in 18 months350% ROI* based upon initial cash investment of $50K, used for acquisitionFinding the Long Distance Deal - Building a Network that included WholesalersWe started Akras Capital in 2017 to acquire multifamily properties and focused on Spokane, the second largest city in the state of Washington.
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25 September 2020 | 23 replies
If so repoint that stuff and collect your rent.Fractures through brick (as opposed to along mortar lines) is typically a red flag for stability, but as it is a veneer, that isn’t as big a deal.Make sure the veneer is plumb.
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23 September 2020 | 3 replies
I've never inherited a tenant with a property purchase, nor have I served an eviction, but I am faced now with the prospect of buying a good property/location where the tenant has a few red flags.
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24 September 2020 | 12 replies
I'm pretty sure the tenant you just evicted had red flags.
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18 November 2020 | 41 replies
Sewer main line found some cast iron build up and small root intrusion.
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24 September 2020 | 1 reply
Keep it up, rooting for you.