Gary Keller gives some good advice in his book, Flip. His summarized guidance is:
"Prior to making an offer, analyze the property and make an improvement plan. Base your level of finish (basic, standard, desi...
Good afternoon. I am in the process of finishing construction plans on a really cool industrial design loft multiplex. Very edgy. and low maintenance design. I have worked out the initial financing for land acquisit...
We own 2 STRs (TN and VA) and are in partnerships in 2 others (VA and OK). We have learned with each deal and each property about the analysis, design, setup and managment of STR's. Our last partnership was with sem...
I have done some initial research and found this a rather controversial subject but here goes...I am currently a pass through entity and file as such. This means that all of my income is passive and that I can't contr...
Who gets a lien release after each draw from your rehabber? Or do you get it at the end? Do you have them get it notarized? I found a release online but the template is designed for the contractor to have it notarized...
Has anyone zeroed in on a specific pocket neighborhood to solely invest in? If you had most of the housing stock in the neighborhood then you could determine what quality the homes are and rent prices. However, you're...
My wife and I are about to start the rehab on a 1956 SF home in central Austin. The original kitchen is cramped and poorly laid out. The good news is that adjacent to the kitchen, there is a small "flex room" that was...
Hi BP friends. I have an idea to throw out there and get some feedback on. I am in the Tacoma / Puyallup Washington market and we are facing a rental shortage in my area. Rents seem to be moving up apartment complexes...
Im a web designer with a client in east Tennessee. We're redoing his site, and Im not sure how much to emphasize google searches. He said that when he did an online ad a while back, it mainly led to bad leads. I'm cur...
Hi BP - In two weeks I am doing my first purchase and repair in a very nice neighborhood in Blue Springs, MO (an "A" neighborhood in Kansas City).
It is a 5-plex with 4 studios and 1 one-bedroom.
I have only ever d...