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22 October 2018 | 13 replies
The USA is the opposite, high borrowing costs, but appreciation if timed right.I would recommend building a 800 FICO for FREE and a 80 PAYDEX LLC for a few hundred, saving cash, and waiting for the next bottom.
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22 October 2018 | 15 replies
Never rely on friendship and a hand shake.
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23 October 2018 | 13 replies
I recently launched my LLC and A moving the title of the house from my name to the LLC.
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21 October 2018 | 0 replies
Having a vision for the property (very distress property) and a team that repaired the property in a timely and cost saving manner.
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21 October 2018 | 3 replies
I have a new flip coming up and for the sake of keeping things simple, keeping costs down and better interior aesthetics I'd like to go with a central air and heat system INSTEAD of a hydronic baseboard system and a central air unit.The question I have is, do buyers care about forced air heat?
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23 October 2018 | 2 replies
Keep in mind we do not have known cost amounts for these repair items, and can just make estimates, and hope no other costly issues are uncovered after attacking some of the repairs.My question is, with our next interaction with the selling agent, should we:A) Ask for the major repairs be metB) Ask for a decrease in agreed upon price (without great idea of what the repairs will cost)C) A combination of both; settle with some repairs met, and a decrease in priceOur entire list is below: (keep in mind that I am not sure if all of these things need direct attention to get the unit rent-able, or if some items can be overlooked for now and deal with later as they become more of a problem)Repair List:Items that need attention before renting unit:Big Ticket Items:Install furnaceInstall all new appliancesInstall water heaterExterior electric power supply is damaged, needs repairInstall guttersNo termite treatmentNo gas meter, install newAttic decking has moisture damage, needs repairSmaller Repair Items:Install electric panel faceplate and secure exposed wiresTwo prong outlets (could not test), swap out, install GFCI where neededTrim tree limbs in contact with power linesMissing light cover under front entranceRepair kitchen windowsRepair kitchen sink leakRepair utility room leakInsulate atticSeal gaps in living room doorLoose bathroom faucetAdjust shower water pressurePatchwork performed in multiple rooms, walls are plaster on wood lathe- which I have been told can have asbestos issues once opened upDeferred Cost Items:Large tree removalTorn and missing roof shinglesSeal plumbing boots on roofRaised soffit under car portSecure electrical lines in attic, they run over attic stringers, not through them (necessary?)
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22 October 2018 | 12 replies
Now we are being charged based on a subscription fee and a separate amount to process a payment.
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22 October 2018 | 7 replies
I think wholesaling is a violation of the law and a lot can go wrong for everyone involved.
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23 September 2018 | 4 replies
I would suggest building your initial portfolio with Single Family Homes and as your comfort level increases then move into multifamily.
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12 September 2018 | 4 replies
I have read mixed reviews about this and as this would be my first deal in multifamily I thought it would be helpful to have someone who is looking out for me more.