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11 December 2024 | 3 replies
Do you recommend using a general contractor, or would it be more cost-effective to handle it myself with subcontractors?
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13 December 2024 | 7 replies
Think of it this way, for example...If your rent is $2000 but it is vacant for 2 months that means your effective growth income (EGI) for a year lease = $20,0000But if you lower it to $1900 & it sits vacant for only 1 month your EGI for a year lease = $20,900You can play with the rent numbers & how long you think it could remain vacant, but at the end of the day the most expensive route is vacancy.
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9 December 2024 | 23 replies
Maybe they are good people and want to pay for the damages and remove the remaining tree?
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13 December 2024 | 2 replies
This separation allows you to manage risks more effectively, ensuring your personal credit isn’t impacted by the ups and downs of your real estate ventures.Building business credit is more straightforward than most people think.
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10 December 2024 | 16 replies
It was built in 2002, and I renovated the entire flooring by removing the original tile and putting Vinyl flooring in, there is no carpet within the house.
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13 December 2024 | 4 replies
This effectively guarantees they will buy the loan at closing.
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11 December 2024 | 3 replies
.• What strategies or platforms have you found most effective for connecting with them?
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16 December 2024 | 17 replies
We had a tub break and had to remove the entire end of the trailer to get the new one in.
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17 December 2024 | 16 replies
What I did find is that as a builder in eastern tennessee, I could build STR cabins for less than 70% LTV so that I could effectively BRRR my way into growth without coming out of pocket for a down payment.Now it does take a lot more cash to do because as a builder I have to front a lot of money at times (land, permits, each stage of construction while I'm waiting on the draw).
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17 December 2024 | 13 replies
These foundational elements enable you to navigate transactions successfully and make informed decisions.While there are many resources available, including courses and mentorships, the reality is that without a foundational knowledge base, you might struggle to apply what you've learned effectively in real-world scenarios.