In this economy, the only people buying a property like mine in my location are investors. Possibly ones that need to do a 1031. Do you think I need an agent so that they feel like the transaction would be seamless?…
Wholesaling five properties in a week or two. I need the cash to accelerate rehabs. I'm up to my neck in renovations on condemned properties I own. Anyway, a friend's parents want to sell three of their duplexes.…
I own a few rentals and I own a property management company. The amount of time that I waste on hearing sob stories is really starting to piss me off. It’s always the same shit spread out in a 20 minute conversation. 1.…
Curious how people here actually decide. Every time I finish underwriting something there's almost always one input I wish I'd been harder on. Vacancy, exit cap, rehab, rent. Sometimes I catch it, sometimes I don't.…
Basically the title. I know PE got involved… but man it sucks compared to what it was back in the day. submitted by /u/Top-Cockroach4352 [link] [comments]
Usually appraisers ask what improvements were made. I wouldn't know what to say to that. Any ideas? As an example, say I buy a turn-key duplex for 165k in cash off-market. Maybe I make some tiny improvements. Maybe it's just some touch up paint.…
Is there a competent national bookkeeping firm anybody recommends? I have 50+ units in a small town and the bookkeeping options around here are uninspiring.…
We have a largish portfolio of single family homes. We need to increase coverage but with insurance being so high it will really eat into cash flow. What are you doing as a landlord for insurance?…
I know I can't tell the future and I'm not a particularly seasoned investor, but I can do math. For context, I own 7 rentals in my market. My wife has a friend who got money from a divorce a few years ago, her ex husband had a rental that he owned from…
Most people run the numbers on a detached ADU and conclude Denver doesn't pencil. They're right about that specific scenario. A $300k build at $1,600/month rent is a 15+ year payback and that's before financing costs.…
My PM suggested having contractor relationships to use. I used them, and was a bit baffled by the craftsmanship. I wanted to close off the fire place, and was charged $180 for them to literally add a thin piece of wood in front of it.…
Hello, I am looking to sell a property to the tenants and have a question or if anyone has heard of this scenario. If a tenant wants to buy a house and take out a mortgage but lets say they don’t have the down payment money.…
Go ahead and down vote me. This is for excess recently bought units and not your home! The USD currency is at multi decade lows to several currencies. This favors exports. This is a Chinese currency tactic. It makes life rough for the citizens.…
I’m looking to buy a house in Houston, TX to live in. I want something cheap and then I can rehab it myself. How do you guys make lowball almost insulting offers? Do I have to have an agent write the offer for me.…
I want to share details of a multifamily rental property I bought about a year ago using a VA loan assumption. Purchase price: $1.3M Down payment: $500k cash (funded by stock sale, taxes 100% offset by cost seg) Assumed VA loan balance: $800k at 2%…
I have a SFH roughly 590k value, $123k mortgage at 3.5%. Property is in Oregon. Cap rate is roughly 3% with Cash on cash return at 1.9%, if I count the trapped equity.…
I want to share my recent deal details of a single family rehab project we finished recently. Purchase price: 100k Rehab: 200k(full gut and a 140 sf addition) Purchase Closing costs: 15k Rehab time: 6 months Location: 1 hr north of Boston, MA Appraised…
Growing wealth through real estate is kind of tricky from a social point of view. No one has ever asked me how much money I have saved, how much is in my 401K, or what my net worth is.…
I subdivided a land from a property of mine. Spent 30k in survey, zoning, planning, cutting trees, demolishing a garage which is in between both lots, paving driveway for existing property.…