6 November 2018 | 72 replies
Originally posted by @Jimmy O'Connor:@Dennis Dahlberg hahahaha not offended at all, I'm a big boy and can handle a lack of sugarcoat. my licensed team is known for being conservative with ARV's and generous with Rehabs since we go more for quantity rather than trying to inflate our fee lie and scum our way to doing one wholesale that year to pay the salary but we have run into issues from buying properties from other wholesalers so I'm not surprised that you feel that way.You're actually the reason I made this post and the audience I am trying to break through to since wholesaling can be done honestly and efficiently where I can retain repeat investors like @James Masotti and @Brian Pulaski.
5 November 2018 | 4 replies
Shower had really low ceiling, and sink was tiny.
28 November 2018 | 13 replies
The problem is your DTI, not the quantity of loans.
11 January 2019 | 52 replies
It seems to me the NYC location was due to the high quantity of talented work force already in the area.
15 November 2018 | 1 reply
They are more spaced out and not tiny circle clusters like most pictures of black mold show.
28 December 2018 | 4 replies
Prices are quite a bit lower generally speaking so you can get more quantity.
17 November 2018 | 1 reply
My moat is lower rent (I know the new apartments can compete there but with building costs I cannot see how...oh, and other moat is tiny yard for pets.
27 November 2018 | 43 replies
In case you were wondering I see lots of references to bunk rooms in the area, most of which have two bunk beds crammed into a tiny room.
24 July 2020 | 11 replies
I am thinking of purchasing a $25k lot that i can fit for sure a small 4plex on in a city that is surrounded by heavy industrial plantsMy plan is building a 4 plex with 1 room, 1 restroom, small living room, tiny kitchen, and tiny utility room roughly 775 sqft a pieceI know for a fact i can get contractors in here rented out paid water and trash @ 950$ a month (possibly more if weekly and if i do all utilities)Why should i OR should i not pull triggerRoughly 25k for lot + 200-250k to build = a 225-275k loan @ 15 years @ 5.59% 275k loan 25% down1695 note paymentLets say 400 taxes 400 insurance (over estimating)2540 payment - 3800 rent = 1260 cash flow minus water and trash Basiclly 200-250 a door @ 15 years (trying to build equity fast)Im doing 15 years cuz i know i can walk in to my favorite bank and they’ll Loan this out to me fast basicly pre approvedNever done this before but already getting bids on contractors and this is what they told me roughly building cost wise (im more experienced in SFR’s)
19 November 2018 | 2 replies
I'm just going to paste part of my response below:Manufacturers generally want a large number of units to produce because repetition and quantity lend themselves well to the manufacturing environment.