Richard Murrray
Larger deal is the juice worth the squeeze on this one
3 June 2021 | 5 replies
So this is a investment/ flip I am very serious considering doing (already started escrow). the mls is 190048729 https://www.redfin.com/CA/San-Diego/6805-Fisk-Ave-92122/home/4895069With a purchase price of 845k with 3500 closing costs total remodel (done well) 96k20k kitchen15k (2) bath10k flooring12.5k paint/baseboard7500 on windows and door (inc. pre hung interior)13k roof15k plumbing (needs epoxy reling to the main)3k landscapetotalling 950k ish total cash outlayanticipated sale is 1.1 milgross 150k-minus seller fees 55kand contingency 5k making nice profit range 90k with a worst case sale price of 1,050,000 still in 40k ish I guess my issue is being the 3rd deal I am on so far (usually the 500k range) the larger # make me post up for another viewpoint for my SD real estate pros to say this good or not. would love to hear from 2nd opinion look before we close.
Ryan Steiner
Real Estate Computer Programs (Podio/Flipster/REI) opinions?
6 February 2020 | 6 replies
There are good general business task management softwares like Trello, Asana, Zoho, etc.
Mitchell Chingay
Real Estate Industry Crash
1 February 2020 | 10 replies
In 2008, banks were allowing as little as 3% down to buy a home, which led to larger mortgage payments since people were financing the remainder 97%.To this day, banks like Wells Fargo have a 5% down option, but only for well qualified buyers.
Ashley Jaynes
New Member Moving to Florida
29 January 2020 | 8 replies
My future goal is to have a portfolio of several homes or larger multi-family.
Ben Mosier
10 units, whats the next step?
5 February 2020 | 13 replies
I picked a management company, that I thought did a great job, but they got acquired by a larger management company, who then decided SFH management wasn't worth it, so passed it to another person, to another person to another person.
Tishon Greene
Increasing property value from an apprasier
28 January 2020 | 16 replies
It’s only a larger one car garage.
Karl Kauper
Financing 5+ Unit vs. 1-4 Unit Apartment Buildings
29 January 2020 | 7 replies
I am trying to decide whether to buy a 1-4 unit or a 5+ unit as my next purchase, but I am just starting to educate myself about these slightly larger buildings.
Allan Guerra
Pay off Debt, Invest, buy a home, &/or just choose two of them?
8 February 2020 | 7 replies
And then maybe use the other $10K to invest in another property or use that amount to buy a personal residence where we can be live happier in a larger property.
Javier Rosales
Looking for contractors
1 February 2020 | 9 replies
This will not be our replacement plumber.My last big electrical task (former journeyman electrician) I was paying as it was going and the electrician just stopped.
Roger Brogan
7 Unit Multi family as first investment property
1 February 2020 | 15 replies
Because my experience is primarily with larger, institutional-quality MF real estate, I cannot provide a lot of guidance on what to expect regarding typical loan structure on such a deal.