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.
10 September 2021 | 8 replies
The taxpayer or a disqualified person may manage the property, supervise improvement of the property, act as a contractor, or otherwise provide services to the EAT with respect to the property.f.
8 September 2021 | 7 replies
Howdy my wonderful fellow REIs,I have been on the search for my second (buy&hold) rental in Cleveland for months now, but it seems as if there isn't much inventory out there and/or the available inventory are either extremely overpriced, need so much work it isn't worth it, in war torn areas.
2 September 2021 | 3 replies
I have made a number of capital project improvements including insulating the entire building, renovating one unit, and installing two new water heaters.