I was told the other day that after doing something for 10,000 hours you are an expert in that field. That had me doing the math. How many hours have I put into my real estate investing career? If a normal person work...
Hi Everyone -I've been calculating ARV for quite some time and wanted to get the community's perspective on it. Specifically:If you don't find true comps (similar house with similar beds, bath, SF etc. etc.) do you st...
Only because I have seen the word "your" used SO many times incorrectly, I just have to point it out.
People are writing "your", where they mean to write "you are" or "you're". I have seen many posts that say some...
Hi friends,MRod here from Colorado. Just got back from a trip to LV with the intention of understanding the real estate landscape in Henderson, Summerlin, Spring Valley and Downtown Vegas.But I ended up being attract...
Hi All, I am a new STR owner in the Phoenix/Tempe/Mesa area. I have set up my listing on both Airbnb and VRBO but I haven't received any traffic on Airbnb and on VRBO I received some inquiries and booking...
Hi Everyone,I recently went under contract for a package of three houses with a 21 day due diligence window and a closing period of about 60 days after contract signing. This is a transaction in North Carolina and we...
Hi all,Does anybody have a reason why we use a higher reversion cap rate in our analyses besides for the sake of being conservative?I've heard that one should add 10 basis points per year to the purchase cap rate to d...
Hello BP!
I need your opinion on the flooring job in my latest acquisition. I pulled carpet and had a local contractor sand/refinish the original wood floors. He tells me this is the best he can get them to l...
Greetings,
1.5 years ago I was able to purchase 2.5 acres of land free and clear by taking a mortgage out on my home. I built a 254 unit state of art self storage facility which we are at 90% full. My avera...