30 January 2012 | 4 replies
We can get 25k for 4.2 at the local credit union but where do you go for larger loans?
25 January 2012 | 8 replies
I'm not really sure how many people have this number, but my guess is most of them do.My guess is also that most rehabbers have this number, but again, it's going to be dependent on location, contractors, finish decisions, materials, etc.For me, the number is $10/sf for interior cosmetic renovation.
30 January 2013 | 24 replies
Smaller PE firms will not like it yet larger will, especially if tied to a risk free clause.
26 January 2012 | 16 replies
We have some larger tenants as well in our units.They will use the stair rail more of a prop when coming down the stairs and a push off when coming up.Most people do not apply full weight like that on the stairs but use the rail as a guide only with light pressure.What we did for that tenant instead of wall anchors we used 3 inch steel forged screws and drove into the studs.
30 January 2012 | 9 replies
My latest property is much larger and many more windows than what I've had in the past.
12 February 2012 | 5 replies
The finished unit is a two bedroom 1 and 1/2 bath two story unit.The side I am getting ready to renovate could be easily split into a one bedroom apartment upstairs and a one bedroom apartment downstairs.
31 January 2012 | 34 replies
Could consider larger units too.
30 January 2012 | 9 replies
Based on my pay/allowance calculations, I want to keep my purchase price below $215,000, to leave room in my budget for renovations/repairs/taxes/unforeseen expenses, and will base my final purchase price on comparable rental properties in the area.After 3 years, I would classify the property as an investment property, and hold under an LLC - relevant laws permitting, I would be my own landlord.
29 January 2012 | 12 replies
My tentative long term plan is to work my way up to larger MFDs via flips and 1031s etc.
12 February 2012 | 16 replies
I seriously think that some landlords (mainly talking about typical private individuals here - not larger management companies) forget about the basics!