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28 September 2018 | 7 replies
Our local contracts states that anything related to the HOA, such as repairs, violations etc is the responsibility of the seller and to be completed before settlement.
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28 September 2018 | 9 replies
Even if the COC ROI is low, it still cash flows okay and most importantly, I can use the BRRR method to pull money out after the forced appreciation and move onto my next deal.20% down + cost for a renovation would tap us out completely.
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8 October 2018 | 4 replies
I’m currently in the process of purchasing a single family house which I will also house hack while renting out my duplex completely.
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9 September 2021 | 45 replies
Under the rules of Prop. 13, the Office of the County Assessor appraises new construction at fair market value when the improvements are complete, and the value of the new construction is added to the total assessed value of the property."
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28 September 2018 | 8 replies
I have completed a few flips, some patch and paint and some are complete renovations.
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25 October 2018 | 10 replies
I am currently completing a major in finance and accounting and hold a real estate licence but currently not working in the Industry as I own and operate my own pizza business.
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28 September 2018 | 5 replies
You have a track record of closing on deals, so when having conversations with brokers, definitely bring that up.Here are a few other tips for winning over a commercial broker:Pay them a consulting feeTake them out for coffeeVisit their recent sales and tell them what you do and don't like about the properties as it relates to your ideal investmentProvide them with information on how you will fund a dealConstant follow-up: whenever you perform a task that brings you closer to completing a dealOnce you know how much cash you will have ($225k or $675k), you can figure out the max purchase price you can handle by assuming you will need 30% to 35% of the total project costs in equity.
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27 September 2018 | 0 replies
The driveway has settled 6 inches and the back patio (10x10ft of concrete) is completely destroyed (split into 4 pieces) from settling.
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28 September 2018 | 4 replies
If that's the case, you selling the house is completely inconsequential.
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27 September 2018 | 2 replies
However once you have 1 property completed down payment and rate will get much better.