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20 December 2024 | 2 replies
@Olga K.It doesn’t necessarily confirm the sewer line is completely blocked—it might just be an issue with the internal plumbing or fixtures.
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25 December 2024 | 11 replies
If one or more units are vacant, the remaining units often don’t provide enough cash flow to cover expenses, making it harder to meet operating costs.Maintenance costs: A fourplex comes with four times the appliances, plumbing, HVAC systems, and other components to maintain, leading to significantly higher repair and maintenance expenses than single-family homes.If you want to see the detailed calculation, read this BP blog - More Units Doesn’t Mean More Money—Why a Single-Family Home Can Beat a Fourplex.Resale value: Multi-family properties have a limited buyer pool—mainly investors—who base their offers on CAP rates.
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10 December 2024 | 1 reply
No differently from any other plumbing call that we assign to the tenant.
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27 December 2024 | 3 replies
Since you plan to travel often, focusing on systems and building a reliable team: agent, lender, property manager, and contractor.
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17 December 2024 | 12 replies
Fortunately, they should and usually do have local contractors in the area that they turn to for maintenance.
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26 December 2024 | 3 replies
Areas close to BlueOval City will likely see an increase in housing development, including single-family homes, apartments, and short-term rental properties for contractors and temporary workers.
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15 December 2024 | 4 replies
During your initial walkthrough, inspect the property for any major issues such as structural damage, roofing problems, plumbing, and electrical concerns, while documenting all cosmetic and functional issues with detailed photos and notes.Once you confirm the property’s potential, finalize your ARV and calculate the repair costs using either a reliable estimator or insights from contractors.
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27 December 2024 | 27 replies
My name is Rebecca and my husband, Nick Knox III and I have run Captain Save a Home LLC, Brew City REI Club, Brew City REI Training Cafe and Wisconsin Contractor and Handyman Club based out of Milwaukee, WI for over a decade.
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26 December 2024 | 4 replies
Also consider contacting houses that look vacant, simply door knocking in a neighborhood that you are interested in and talking to the homeowners in a genuine way, For Sale By Owners is another potential, using an App like Nextdoor or Facebook pages/groups related to local real estate and just telling the group what you are looking for, contractors also know about houses coming on the market soon and so do property management companies, and finally garage sales are a good way to find off-market properties as people prepare to sell.To Your Success!
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25 December 2024 | 60 replies
As preivously stated above, I have a small storage space (around 200 sqft) that can be converted into an ADU (already have approved plans from LADBS) and am meeting with various contractors and teams.