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21 May 2024 | 19 replies
It's not uncommon for us to have appraisals come in 10% or more over contract price.
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21 May 2024 | 1 reply
The listing price he has it for is, in my opinion, fair.
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21 May 2024 | 21 replies
There are lenders that will help finance up to 90% of the purchase price and a 100% of the rehab up to 75% of the ARV with 660 and above credit (the exact details depend on the property and the borrower's credit profile).
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21 May 2024 | 11 replies
Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator – so, they often select the first PMC they call or that calls them back!
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23 May 2024 | 11 replies
Plus, if a unit is vacant, you lose part of your potential income, which might be more impactful compared to having multiple units in a larger property.Market Limitations: Depending on the Lubbock market, there might be a limited number of duplexes available, which can restrict your options or inflate prices due to high demand.Resale Market: Duplexes might not appreciate as rapidly as single-family homes, depending on the area and market trends.Hope that gets you started, shoot any questions you have my way!
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22 May 2024 | 6 replies
So, the best course of action is to have liquid cash for repairs and trusted contractors who are willing to fix the issue at a good price ?
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21 May 2024 | 3 replies
Purchase price: $325,824 Cash invested: $62,000New construction 3bd, 2.5 ba, 1722 sq. ft.
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21 May 2024 | 6 replies
Andrea,My corporate office in in Chicago and some of the 2-4 units right now offer a good price point and cash flow.
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21 May 2024 | 0 replies
Purchase price: $82,000 Cash invested: $70,000 Bought a property that someone started a rehab on and finished it up.
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21 May 2024 | 33 replies
Throw them a couple hundred bucks then beat them up on price during the job.