10 January 2022 | 12 replies
However, competition is unbelievably intense at the moment with very little inventory (https://www.recenter.tamu.edu/...).
1 September 2021 | 0 replies
Our inventory has loosened a bit so more buyers are getting into houses.
1 September 2021 | 1 reply
You partner with someone when they bring something to the table that will make your business improve exponentially.
1 September 2021 | 1 reply
I would possibly have made a better decision on what improvements to make if I had sought their help during the rehab process.
1 September 2021 | 1 reply
Those who have put off projects, and are now starting, will still find a lack of labor, longer timelines, inventory shortages or delays, higher costs from last year 10%-20%, more regulation, building/energy code increases, SDC increase costs.
1 September 2021 | 1 reply
Here's what I've got: Purchase price: 85K, down payment: 16K (don't want to buy the property outright at this time), income: 1000, total expenses: $680, cash flow: $320, CoC ROI: 20.12%, NOI: 8,148The house doesn't need any major improvements at the moment, and I was considering once the tenants leases are up in 2022 then I might consider making some improvements.
2 September 2021 | 6 replies
I don't want to say you need to provide your tenants with clean units because many tenants are pigs.If you can't get your rents increase to at least $700 per unit then even though you paid a very low price for the property I still think you purchase a dog because the problem with low rents is when you need to do improvements you don't have enough money coming in.Example.
6 September 2021 | 12 replies
Here you declare the use of the money you are borrowing (flip, rental, business inventory, etc).
15 October 2021 | 15 replies
The number one factor of what you buy is how much capital you have access to...that means its a combination of purchase price, location, condition, and availability of inventory...I would add these as metrics alongside the cash flow.
14 December 2021 | 1 reply
There's been a lot of commercial development (new chain restaurants and strip mall improvements), but it still has some rough blocks.