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16 March 2018 | 9 replies
Having a team seems like a naturally good idea in addition to that endless supply of capital.
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20 March 2018 | 6 replies
I could sell one of my properties (condo) use, that money for flips in Atlanta within the next 1-2 years build up additional funds to acquire an apartment complex, and to grow my portfolio, but I want to hear from some experienced investors and what they would do if they were in a similar position.Current Picture/Portfolio: Property 1: Condo (Atlanta, GA 30328)Current Rent = $1550/MonthUtility Reimbursement = $200-300/MonthHOA $383 (In line with HOA's for other communities) Purchased June 05th, 2015 and resided in property until Jan 22nd, 2017 (Total of 1.64 Years)Lease Started Jan 23rd 2017 and Lease Ends on June 30th 2018.Current Equity 135,000 (Purchase Price) - 85,000 = $50,000Current Comps Similar Properties are selling for $155,000 to $170,000Current Mortgage Terms: 15 yr Fixed 3.325% Monthly payment of $996 (Includes Insurance and Property Taxes)Anticipated Total Earnings if Sold at End of July $64,500 (Sell Price $155K) to $78,500 (Sell Price $170K) Property 2:Town-home (Peachtree Corners, GA 30092)Current Rent = $2000-4000/Month (AirBnB) 60-70% Occupancy since November of 2017Purchased July 28th 2017 and currently residing in basement house-hacking with my younger brother.HOA $325/Month Covers, Water, Lawn Maintenance, Sewage, Security GateCurrent Equity 336,000 (Purchase Price) - 265,000 (Remaining Loan Balance) = $71,000Current Comps Similar Properties are selling for $345,000 to $360,000 due to private/public school ratings going up shortly after purchase.Current Mortgage Terms: 30 yr Fixed 4.326% Monthly payment of $1823 (Includes Insurance,PMI, and Property Taxes.)
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27 March 2018 | 24 replies
In addition to tangible cost, there are some who also consider carbon footprint and environmental impact.
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24 December 2019 | 6 replies
Hello BP Community,I wanted to reach out and get opinions from local flippers/rehabbers who have done accessory unit additions in orange county california.I have gotten quotes ranging from 150-200/sqft to almost 250/sq to build a new accessory unit and I am trying to dial in a better estimate to figure out what the cost/benefit might be and if this might be a deal.
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20 March 2018 | 3 replies
I thought what if I offered to pay him 20K for the property up front and in addition, I could work off the remaining balance by providing x amount of hours of labor over the next 2 landscaping seasons.
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16 March 2018 | 9 replies
We moved, and just received (at day 31 after move out) a certified letter stating that we had $7100 worth of smoke damage in the apartment "pending additional charges to be determined".
28 March 2018 | 21 replies
Learned that unless you make justify an increase in price, the additional just isn’t worth it.
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19 March 2018 | 2 replies
In addition, this is a C class apartment, where would you spend your focus and money to raise value?
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19 March 2018 | 9 replies
Most companies will max out at $500k then you need to rely on an umbrella policy for additional coverage.
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19 March 2018 | 9 replies
Other than it being a additional cost to do business and financing being more difficult under a LLC as long as you have adequate insurance coverage there is little other difference.