Marcus Auerbach
Milwaukee economy - boom or bust?
14 September 2017 | 22 replies
The facilities will be 20 million square feet - roughtly three times the size of the Pentagon.
Ann Howell
Personal experience with Hurricane Harvey
31 August 2017 | 1 reply
My family safely evacuated, but our personal home still has 6-8 feet of water in it.
Patrick Philip
A few questions about this rehab house?
1 September 2017 | 16 replies
The kitchen is about 13.7 feet from north to south and about 15.5 feet (plus the depth of cabinets) from east to west.The cabinets you see are on the west wall of the kitchen.How big does a center island have to be?
Jennifer Petrillo
Central NJ 3/2 SFR flip, 40K profit
6 September 2017 | 6 replies
Purchase price 147KListed for 299K, sold for 285 (went under contract for 290 but dropped it another 5K at buyer request after the appraisal just to get out of the deal)Home Depot credit card: 10K (appliances, fixtures and other things we picked out and purchased ourselves rather than having GC use typical builder grade stuff, also husband did some of the work himself so bought his own materials)Brought 40K of our own cash to the closing table, loan total when paid back was 185 (original loan 175 plus 10K in accrued interest, 12 month balloon loan so we did not have to make payments during the rehab, which helped a lot with cash flow, also loan had rehab costs folded in so for the most part we paid our guys out of the loan and not our own pockets)So (numbers are round): 285 sale price - 185 (loan payback) - 40 (cash we brought to closing) - 10 (Home Depot card) - 10 (closing costs) = 40K profitWork done: insulation and vinyl siding (this ate 18K of rehab budget but was unavoidable as cedar shakes were disintegrating), converted to natural gas heat (ducts already in place, changed out electric hot air blower to gas one and gas company ran the gas from the street for free), replaced AC compressor, new water heater, two new bathrooms, replacement windows, new appliances but left the wood cabinets b/c they were in perfect condition and I could not justify painting/replacing them, new kitchen backsplash, removed wall between kitchen and dining room, wood laminate flooring throughout except for new carpet in downstairs den, painted the deck/railings, new garage doors, one new slider, all solid wood interior panel doors, of course fresh paint and new light fixtures throughout.dining roomThere was moisture damage downstairs from bank not winterizing and pipes bursting...thanks, bank.Hauled out enormous old woodstove and broke up ugly old hearth and left good flue for someone to add new pellet or woodstove to if they want to, we figured not everyone wants a woodstove and this way the buyer can decide to add one back if desiredBathroom off downstairs den, chose a walk in shower for variety, hosing off dog or muddy children, disabled access, etc.
Marcin Moscicki
Highly Recommended MFH Turn Key Providers?
5 September 2017 | 10 replies
I think the syndication approach would make sense for my situation at some point, however for the time being I think going OOS on some MFH would be a nice way to diversify and get my feet wet@Jay Hinrichs not at the accredited investor levels just yet, but close, so I don't think the syndication option would be possible for me at the moment
Account Closed
Impatient for when it will get easier (reaching step 3: Profit.)
6 September 2017 | 8 replies
I always consider from ground zero to "I can breath easy" should take about 5 years on your first go round.
Account Closed
Follow my journey with multifamily purchase #5.
20 March 2018 | 53 replies
How do we fit that in 950 square feet?
Andre Oakley
I would make a good case study.
25 September 2017 | 9 replies
I have a few TEsla's and I thought it would be cool to drive them around in my electric car when I am bored... but then I read I have to allow dogs and well that ended that. there are many ways to do real estate part time... and still service your clients. its not all residential you know.And real estate is simply not like it used to be.. if you have weekends and nights free you can make it work.I know when I sold real estate I played golf most every day during the week 130 to 140 rounds a year.. my clients were working I was golfing.. or flying my plane or what have you.. but come 4pm I worked every night till 10 and I worked EVERY weekend.. save thanksgiving and Christmas...
Jake Oreskovich
EXTREME PET ODOR!! Please help!
27 September 2017 | 9 replies
we bought a cat pee house..NEVER DO IT.. took sheet rock off walls 2 feet up, kilzed studs before new drywall, removed all base trim, threw it out. sanded and primed with kilz doors.
Andy O'Neal
Approaching a Property Manager About Leasing for Airbnb
4 May 2019 | 60 replies
I'm close to signing a short-term lease on an already-furnished place to start getting my feet wet as a renting Airbnb host.